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3725 Kiwi Lane 
Mesquite, TX
75181
4 Beds 4 Baths 3,136 sqft
Built 2003
INVESTimate
$315,000
List Price
$89,225
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2003
- Price/Sqft : $100.45
- 3 Days on Market
- MLS # : 14419618
- Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,136 sqft
- Baths : 3 full , 1 half
Listing Agent
Easy Living Properties
Listing Agent's Description
This Updated Home is a Showstopper! Owners pride shows throughout all details. From the slate floors to the gourmet kitchen, screened in patio overlooking the sparkling pool and lounge deck; this home has it all! 4 bedrooms, 2.5 baths, huge eat in kitchen, beautiful formal that is open to living. Nice Office or Study room down stairs with French Doors and nice sized media or game room upstairs for additional entertaining! Upstairs Bonus room is perfect for Crafts, exercise or extra storage! This home is on an oversized corner lot that backs up to greenbelt with trees! Make your appointment today, this gem won't last long!
SEE MORE
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
- Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
- Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
- Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
- Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Falcons Lair
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Falcons Lair
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,200 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$764 | |
| Property Insurance | -$208 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$59
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$315,000
PROJECTED PRICE
$2,200
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.00% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
3.33
YEARS SAVED
$10,826
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$2,250
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
3725 Kiwi Lane Mesquite, TX 3
- 4 beds 4 baths ∙ 3,136 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,136 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $2,200
- $0.70
-
2128 Bent Tree Lane Mesquite, TX 1
- 4 beds 3 baths ∙ 3,247 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,247 Sqft ∙ Built 2004
LEASED 09/27/19- Rent
- Rent Per SQFT
- $1,885
- $0.58
-
3013 Timber Ridge Lane Mesquite, TX 2
- 4 beds 3 baths ∙ 3,072 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,072 Sqft ∙ Built 2006
LEASED 10/18/19- Rent
- Rent Per SQFT
- $2,100
- $0.68
-
4613 Monarch Drive Mesquite, TX 4
- 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 2003
LEASED 03/31/20- Rent
- Rent Per SQFT
- $2,245
- $0.77
-
5024 Kestrel Drive Mesquite, TX 5
- 4 beds 3 baths ∙ 3,175 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,175 Sqft ∙ Built 2011
LEASED 08/19/20- Rent
- Rent Per SQFT
- $2,675
- $0.84
PROPERTY LISTING DETAILS
Easy Living Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419618
Last Updated: 08/25/2020
