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944 Mesa Vista Drive Crowley, TX 76036

3 Beds 2 Baths 1,584 sqft Built 2006

$249,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $157.20
  • 2 Days on Market
  • MLS # : 14508051
  • Updated Date : 02/06/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,584 sqft
  • Baths : 2 full
Listing Agent

Owners Select Realty Llc

Listing Agent's Description

This single-story home is the perfect opportunity for anyone who is looking to be more energy sufficient! With the newly installed solar panel system and transfer of ownership included, utility costs will be minimal. Open concept living, with a spacious breakfast area that looks out to the backyard. Kitchen comes fully equipped with all major appliances. Spacious laundry room with a Washer and Dryer that come included. Large master bedroom with no lack of storage, including two separate walk-in closets. Dual sinks, walk in shower, and tub in Master Bath. Warm and inviting living room, centered by a wood-burning fireplace. Perfectly located off the highway, and in walking distance of Bicentennial and Teter Park.

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: Mesa Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Mesa Vista

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
Deer Creek Elementary School Primary Regular 535 37 3
Crowley High School High Regular 2,033 150 4
Crowley High School High Unknown NA

Deer Creek Elementary School

  • Education Level: Primary
  • # of students: 535
  • # of teachers: 37
3
GreatSchools Rating

Crowley High School

  • Education Level: High
  • # of students: 2,033
  • # of teachers: 150
4
GreatSchools Rating

Crowley High School

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

$224,100$273,900$249,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$865
Property Tax -$617
Property Insurance -$119
Property Management Fees -$99
CASH FLOW
-$240

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.

$249,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 6.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k

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$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$865

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$336

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,485

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4603$1,5954$1,5955$1,625
$1,625
RENT COMPS ANALYSIS
  • 944 Mesa Vista Drive Crowley, TX 2
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.92
    •  
  • 928 Crowder Drive Crowley, TX 1
    • 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 2005
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.95
    •  
  • 221 Rock Hill Drive Crowley, TX 3
    • 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 2003
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.92
    •  
  • 149 Lincoln Lane Crowley, TX 4
    • 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 2002
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.90
    •  
  • 1317 Windy Meadows Drive Burleson, TX 5
    • 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1988
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jessica Brantley
Owners Select Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508051
Last Updated: 02/06/2021
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