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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $132.17
- 2 Days on Market
- MLS # : 14528185
- Updated Date : 03/06/2021 at 20:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,042 sqft
- Baths : 2 full
Listing Agent
Premier Legacy Real Estate Llc
Listing Agent's Description
This lovely corner home sits in one of Mesquite's premier neighborhoods and has been well maintained by the current owners. A place where you feel comfortable walking in and plenty of room to entertain both inside and in the back yard. Beautiful view outside from spacious kitchen windows. Roof is about 4 years old, new hot water heater, outside was recently painted with HVAC regularly serviced. Neighborhood is very connected and has a fun 4th of July Parade each year. Ready for a new family to come build new memories!
SEE MORE
- 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)
- . 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)
PRICE & RENT TRENDS
Neighborhood: Meadowview Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meadowview Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,790 |
| EXPENSES | Loan Payment | -$937 |
| Property Tax | -$655 | |
| Property Insurance | -$145 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$46
|
||
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.
$269,900
PROJECTED PRICE
$1,790
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,274
LOAN DETAILS
$937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
3.33
YEARS SAVED
$7,856
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,874
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
4621 Silverthorn Drive Mesquite, TX 3
- 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $1,790
- $0.88
-
1124 Siebold Court Mesquite, TX 1
- 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 1980
LEASED 11/19/20- Rent
- Rent Per SQFT
- $1,675
- $0.88
-
1008 Brownfield Drive Mesquite, TX 2
- 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1981
LEASED 12/04/20- Rent
- Rent Per SQFT
- $1,725
- $0.92
-
520 Via Avenida Mesquite, TX 4
- 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 1976 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 1976
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,795
- $0.91
-
3923 Farrington Street Mesquite, TX 5
- 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 1981
LEASED 07/28/20- Rent
- Rent Per SQFT
- $1,800
- $0.96
PROPERTY LISTING DETAILS
Premier Legacy Real Estate Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14528185
Last Updated: 03/06/2021
