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4120 Amy Drive Mesquite, TX 75150

3 Beds 2 Baths 1,655 sqft Built 1986

$185,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $111.78
  • 3 Days on Market
  • MLS # : 14516210
  • Updated Date : 02/26/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,655 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors-coit

Listing Agent's Description

Welcome Home! Check out this adorable 2-story in N. Mesquite that has everything a starter home could need, 3 beds, 2 baths, open kitchen-living that is great for entertaining & good size backyard. Spacious primary bedroom on the 1st floor. 2 more beds and a foyer space up. Recently upgrades to the home include gas logs for the fireplace, dish washer, garbage disposal, AC, hot water heater, garage door unit opener, upstairs bathroom shower, back door +added storm door, ring doorbell and replaced fence. Easy access to I30, Hwy 80, Dallas College Eastfield Campus, Trinity Basin Preparatory & downtown Dallas. Town East Mall shopping and restaurants. Range Elementary around the corner. North Mesquite High close.

SEE MORE

MARKET HIGHLIGHTS

  • . 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: East Meadows Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $82k243k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: East Meadows Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Mcdonald Middle School Middle Regular 1,024 67 5
North Mesquite High School High Regular 2,754 168 4

Mcdonald Middle School

  • Education Level: Middle
  • # of students: 1,024
  • # of teachers: 67
5
GreatSchools Rating

North Mesquite High School

  • Education Level: High
  • # of students: 2,754
  • # of teachers: 168
4
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$643
Property Tax -$449
Property Insurance -$123
Property Management Fees -$99
CASH FLOW
$177

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$185,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 10.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$643

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$21,610

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,490

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,589

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,4993$1,5504$1,5505$1,685
$1,685
RENT COMPS ANALYSIS
  • 4120 Amy Drive Mesquite, TX 1
    • 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.90
    •  
  • 4116 Amy Drive Mesquite, TX 2
    • 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 1986
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.97
    •  
  • 3021 Colony Drive Mesquite, TX 3
    • 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1984
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.93
    •  
  • 2917 Abston Drive Mesquite, TX 4
    • 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1968
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.90
    •  
  • 4213 Amy Drive Mesquite, TX 5
    • 3 beds 3 baths ∙ 1,618 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,618 Sqft ∙ Built 1985
    LEASED 01/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $1.04
    •  
PROPERTY LISTING DETAILS
Mickey Cody
Ebby Halliday, Realtors-coit
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14516210
Last Updated: 02/26/2021
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