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6325 Ashford Trail Mesquite, TX 75181

4 Beds 3 Baths 2,775 sqft Built 2017

$394,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $141.98
  • 5 Days on Market
  • MLS # : 14463548
  • Updated Date : 11/04/2020 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,775 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

Impressive 4 Bedroom, 2.5 Bath, 1 Story home with a 3 Car tandem Garage with stunning designer features. Hand Scraped hardwood floors from entry to the amazing living space. The windows allow tons of natural light while complementing the interior design. Set on a great lot featuring an amazing 24x24 covered arbor, patio in the huge backyard leaving plenty of space for more, with electric and fans. A huge master suite with an equally impressive master bathroom and walkin closet. Gorgeous stain on the hardwood floors, upgraded kitchen with a giant island, large utility room, designer cabinets, beautiful granite counters and plenty of room for storage. The secondary bedrooms are spacious w great walkin closets.

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

Zip Code: 75181

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $92k243k

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

Zip Code: 75181

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9701770

* 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
Achziger Elementary School Primary Regular 914 56 6
Terry Middle School Middle Regular 821 52 7
John Horn High School High Regular 2,284 140 4

Achziger Elementary School

  • Education Level: Primary
  • # of students: 914
  • # of teachers: 56
6
GreatSchools Rating

Terry Middle School

  • Education Level: Middle
  • # of students: 821
  • # of teachers: 52
7
GreatSchools Rating

John Horn High School

  • Education Level: High
  • # of students: 2,284
  • # of teachers: 140
4
GreatSchools Rating
 

$354,600$433,400$394,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,454
Property Tax -$956
Property Insurance -$188
HOA -$27
Property Management Fees -$99
CASH FLOW
-$913

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.

$394,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.7%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,160

INVESTMENT

$110,160

Down Payment
$98,500
Rehab Estimate
$5,750
Closing Costs
$5,910

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,454

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,500
Loan Amount $295,500
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$73

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,991

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,810
1$1,8102$1,8503$1,8954$1,9505$2,150
$2,150
RENT COMPS ANALYSIS
  • 6325 Ashford Trail Mesquite, TX 1
    • 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.65
    •  
  • 3002 Highgate Drive Seagoville, TX 2
    • 5 beds 3 baths ∙ 2,861 Sqft ∙ Built 2011 5 beds 3 baths ∙ 2,861 Sqft ∙ Built 2011
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.65
    •  
  • 2837 Island Wren Drive Mesquite, TX 3
    • 4 beds 3 baths ∙ 2,638 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,638 Sqft ∙ Built 2003
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.72
    •  
  • 2825 Shelduck Drive Mesquite, TX 4
    • 4 beds 3 baths ∙ 2,638 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,638 Sqft ∙ Built 2004
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.74
    •  
  • 6332 Ashford Trail Mesquite, TX 5
    • 4 beds 3 baths ∙ 2,827 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,827 Sqft ∙ Built 2017
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.76
    •  
PROPERTY LISTING DETAILS
Robert Deleon
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463548
Last Updated: 11/04/2020
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