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5533 Club Crest Drive Mesquite, TX 75150

3 Beds 2 Baths 1,464 sqft Built 1983

$199,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $135.93
  • 1 Days on Market
  • MLS # : 14532591
  • Updated Date : 03/13/2021 at 18:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,464 sqft
  • Baths : 2 full
Listing Agent

Belinda Mendoza

Listing Agent's Description

Cozy Mesquite Home. Nicely renovated open concept with a split floor plan. Kitchen has lots of cabinets. Freshly painted. New Hot Water Heater and foundation work with warranty. New carpets. Patio off living area with Low maintenance back yard with storage Shed. Easy access to highways and shopping. Owner will consider financing with Ten percent down

SEE MORE

MARKET HIGHLIGHTS

  • 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: Stoney Glen

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k243k

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

Neighborhood: Stoney Glen

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
Vanston Middle School Middle Regular 788 52 6
North Mesquite High School High Regular 2,754 168 4
Vanston Middle School Middle Unknown NA

Vanston Middle School

  • Education Level: Middle
  • # of students: 788
  • # of teachers: 52
6
GreatSchools Rating

North Mesquite High School

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

Vanston Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$179,100$218,900$199,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$691
Property Tax -$483
Property Insurance -$112
HOA -$70
Property Management Fees -$99
CASH FLOW
$45

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.

$199,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.75%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$58,485

INVESTMENT

$58,485

Down Payment
$49,750
Rehab Estimate
$5,750
Closing Costs
$2,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$691

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,750
Loan Amount $149,250
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$10,104

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,504

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4853$1,5004$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 5533 Club Crest Drive Mesquite, TX 3
    • 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.02
    •  
  • 2628 Glenmore Drive Mesquite, TX 1
    • 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1983
    property image
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.95
    •  
  • 4530 Preston Trail Drive Mesquite, TX 2
    • 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1981
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $1.07
    •  
  • 1018 Springlake Drive Garland, TX 4
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1969
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.05
    •  
  • 1613 Meadowglen Lane Mesquite, TX 5
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1979
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.04
    •  
PROPERTY LISTING DETAILS
Margarita Resto
Belinda Mendoza
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532591
Last Updated: 03/13/2021
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