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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $130.24
- 2 Days on Market
- MLS # : 14474308
- Updated Date : 11/21/2020 at 00:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,766 sqft
- Baths : 2 full
Listing Agent
Mccaw Property Management, Llc
Listing Agent's Description
Beautiful and bright, well-maintained 3BR & 2BA in a great location! This inviting home has an open floor plan with ample natural light and plenty of upgrades! Features include luxury vinyl plank flooring, gas fireplace, neutral colors, spacious rooms, updated bathrooms, recently updated HVAC & HWH and backyard with privacy fence! Fall in love with the incredible kitchen with tons of storage, bar sink, serving area, stainless steel appliances, granite countertops, window over the sink, breakfast nook & bay window! Dining, entertainment, shopping & parks nearby! At this great price - this home won't last long!!
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: Quail Hollow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Quail Hollow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$849 |
| Property Tax | -$558 | |
| Property Insurance | -$129 | |
| 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 14% of earned rent to cover both maintenance and periods of vacancy.
$230,000
PROJECTED PRICE
$1,590
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 11.4% |
| 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
$66,700
LOAN DETAILS
$849
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,500 |
| Loan Amount | $172,500 |
3.5
YEARS SAVED
$8,376
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,691
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
713 Retriever Lane Mesquite, TX 1
- 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1985
![property image]()
- Rent
- Rent Per SQFT
- $1,590
- $0.90
-
2511 Meadow Ridge Drive Mesquite, TX 2
- 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1990
![property image]()
LEASED 03/14/20- Rent
- Rent Per SQFT
- $1,650
- $0.95
-
714 Harvester Lane Mesquite, TX 3
- 4 beds 2 baths ∙ 1,756 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,756 Sqft ∙ Built 1985
![property image]()
LEASED 07/04/20- Rent
- Rent Per SQFT
- $1,650
- $0.94
-
518 Feathercrest Lane Mesquite, TX 4
- 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1983
![property image]()
LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,650
- $1.01
-
404 Quail Hollow Drive Mesquite, TX 5
- 3 beds 2 baths ∙ 1,927 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,927 Sqft ∙ Built 1983
![property image]()
LEASED 08/26/20- Rent
- Rent Per SQFT
- $1,795
- $0.93
PROPERTY LISTING DETAILS
Mccaw Property Management, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14474308
Last Updated: 11/21/2020
