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4612 Via Ventura Mesquite, TX 75150

4 Beds 2 Baths 2,262 sqft Built 1997

$259,700

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $114.81
  • 6 Days on Market
  • MLS # : 14455656
  • Updated Date : 10/31/2020 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,262 sqft
  • Baths : 2 full
Listing Agent

Jeff Duffey And Associates

Listing Agent's Description

***MULTIPLE OFFERS*** Please submit best and final by Sunday, November 1 7PM. Meticulously maintained, single owner home in the Via streets of highly sought after Stonecrest Estates. Located directly across from park and walking trails. Brand new paint, luxury vinyl plank flooring and carpet installed October 2020. This adorable home is looking for its next family! Photos coming Friday.

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: Stonecrest Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $92k254k

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

Neighborhood: Stonecrest Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9701865

* 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
Porter Elementary School Primary Regular 599 39 6
Kimbrough Middle School Middle Regular 846 51 7
Poteet High School High Regular 1,743 113 6

Porter Elementary School

  • Education Level: Primary
  • # of students: 599
  • # of teachers: 39
6
GreatSchools Rating

Kimbrough Middle School

  • Education Level: Middle
  • # of students: 846
  • # of teachers: 51
7
GreatSchools Rating

Poteet High School

  • Education Level: High
  • # of students: 1,743
  • # of teachers: 113
6
GreatSchools Rating
 

$233,730$285,670$259,700

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$958
Property Tax -$630
Property Insurance -$158
Property Management Fees -$99
CASH FLOW
$125

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.

$259,700

PROJECTED PRICE

$1,970

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,571

INVESTMENT

$74,571

Down Payment
$64,925
Rehab Estimate
$5,750
Closing Costs
$3,896

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$958

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,925
Loan Amount $194,775
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$24,597

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,945

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8003$1,8504$1,9505$1,970
$1,970
RENT COMPS ANALYSIS
  • 4612 Via Ventura Mesquite, TX 5
    • 4 beds 2 baths ∙ 2,262 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,262 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.87
    •  
  • 1226 Terrace Drive Mesquite, TX 1
    • 3 beds 2 baths ∙ 2,232 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,232 Sqft ∙ Built 1985
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.80
    •  
  • 4309 O Hare Drive Mesquite, TX 2
    • 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 1979
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.93
    •  
  • 4125 Blackwillow Drive Mesquite, TX 3
    • 4 beds 2 baths ∙ 2,182 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,182 Sqft ∙ Built 1979
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
  • 4411 Silverthorn Drive Mesquite, TX 4
    • 3 beds 3 baths ∙ 2,258 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,258 Sqft ∙ Built 1983
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.86
    •  
PROPERTY LISTING DETAILS
Summer Graham
Jeff Duffey And Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14455656
Last Updated: 10/31/2020
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