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912 Tiffany Lane 
Mesquite, TX
75149
4 Beds 3 Baths 2,873 sqft
Built 1985
INVESTimate
$265,000
List Price
$75,975
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PROPERTY INFO
FACTS
- Built In 1985
- Price/Sqft : $92.24
- 1 Days on Market
- MLS # : 14417029
- Updated Date : 08/26/2020 at 03:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,873 sqft
- Baths : 3 full
Listing Agent
Kile Properties
Listing Agent's Description
Rare opportunity to own a home in this beautiful, quiet Lake Park neighborhood! CUSTOM 4 bedroom, 3 bath, 2 car garage with 2 living areas! This home has unparalleled character and is priced to sell! Sunken family room with wet bar and fireplace. Multiple built ins through out. Generously sized bedrooms with walk in closets. Large utility room. Beautifully landscaped, front yard with mature trees and backyard with gunite pool ready for entertaining, privacy fence! Owner has updated carpet and some flooring. New 7 ton AC unit. New ceiling fans, insulated garage door and solar screens. Driveway and sidewalks have been raised and leveled. With a little updating this could be your dream home! Photos coming soon!
SEE MORE
- . 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
Neighborhood: Lake Park North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lake Park North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,830 |
| EXPENSES | Loan Payment | -$978 |
| Property Tax | -$643 | |
| Property Insurance | -$193 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$83
|
||
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.
$265,000
PROJECTED PRICE
$1,830
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 12.39% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$75,975
LOAN DETAILS
$978
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
2.5
YEARS SAVED
$6,486
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,830
LIST RENT -
$0.64
LIST RENT PER SQFT
-
$1,848
COMP ESTIMATED VALUE -
$0.64
COMP AVG. RENT PER SQFT
Comps Range
-
912 Tiffany Lane Mesquite, TX 2
- 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $1,830
- $0.64
-
2205 Valley Falls Avenue Mesquite, TX 1
- 5 beds 3 baths ∙ 2,734 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,734 Sqft ∙ Built 1997
LEASED 03/07/19- Rent
- Rent Per SQFT
- $1,695
- $0.62
-
2210 Elm Falls Place Mesquite, TX 3
- 5 beds 3 baths ∙ 2,938 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,938 Sqft ∙ Built 2001
LEASED 06/03/19- Rent
- Rent Per SQFT
- $1,900
- $0.65
-
1912 Potter Lane Mesquite, TX 4
- 4 beds 2 baths ∙ 3,020 Sqft ∙ Built 1982 4 beds 2 baths ∙ 3,020 Sqft ∙ Built 1982
LEASED 08/04/19- Rent
- Rent Per SQFT
- $2,000
- $0.66
PROPERTY LISTING DETAILS
Kile Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14417029
Last Updated: 08/26/2020
