Category Archives: Property Analysis

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Texas Cashflowing Property – 1332 Ridgeview St. Mesquite

1332 Ridgeview ST  Mesquite – Cashflowing Property
Bedrooms: 4 Tot Baths: 2.0 Liv Areas: 1 Stories: 1
Fireplaces: 1 Full Baths: 2 Dining Areas: 1 Pool: No
Sec Sys: No Half Baths: 0
SqFt: 1,344 / Tax Appraiser Name: Hdcp Am: No
# Gar Spaces: 0 Yr Built: 1956 / Preowned
# Carprt Spcs: 0 Cvrd Park: 0
Acres: 0.172 Lot Dimen: Will Subdiv: No
HOA: None HOA Dues:

Listing Price: $94,900

Current Rent: $817 a month (under market rent)

Market Rent: Typically $0.70 to $0.80 per sq.ft in this area – $1,050 to $1,150 per month is likely. 

Turnkey Investment Opportunity- fully renovated home leased at market rate providing a current yield and future appreciation. Renovated to an institutional level and leased at a current market rent this newer style 4 bedroom, 2 bath home is in a well-established neighborhood. Features include an open kitchen with dining room, living room and fenced back yard. 

1 2nd bath bed bed 4 living bed 3 bed 5 living kitchen

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Texas Fixer Upper Opportunity: 1530 Shalfont Ln Garland

Texas Fixer Upper Opportunity: 1530 Shalfont Ln Garland

Listing Price: $100,000

KEY POINTS:

We went to check out this property last week – It is a spacious (1,429 sq.ft), 2 story home.

2 Bedrooms are upstairs, the Master Bedroom is downstairs.

It has cathedral ceiling height, it is very bright with lots of lights.

This property requires some repairs and works.

1) Carpets need to be changed in all 3 rooms and small hallway

2) The A/C condition is unknown, we can see some leakage on ceiling upstairs (minor), it maybe coming out from the A/C

3) Some cracks along the walls – one is on the wall next to the stairways

4) Toilets, Kitchen are in good condition

5) Needs painting – this is a big house, so painting could be more expensive than usual

6) Needs duct cleaning.

LOCATION: CONVENIENT – Close to Schools and Shopping Mall

NEIGHBORHOOD: Families

CRIME RATE: There was 1 theft in the neighborhood last 30 days (car break in), it is near Fire Wheel Mall, there were some minor incidents occurred at the shops in the Mall.

NEARBY SALES

Fully updated homes were sold for between $120,000 to $140,000 in the nearby areas depending on the size and layout. Most homes in nearby areas tend to be smaller .

2302 Shalimar DR Garland 75040-4373 SP: $112,900 – Much Smaller and similar age
1526 Turning Leaf LN Garland 75040-8925 SP: $250,000 – 4 Bedroom House, Much Larger
2201 Phoenix DR Garland 75040-4324 SP: $130,000 – 3 Bedroom, original condition, 1970s house

AREA RENTAL ANALYSIS

1509 Shalain DR – Very close, $1,295 / $0.86 / sq.f / 3 bed + 2 bathroom

Description

Bedrooms: 3 Tot Baths: 2.0 Liv Areas: 1 Stories: 2
Fireplaces: 1 Full Baths: 2 Dining Areas: 2 Pool: No
Sec Sys: No Half Baths: 0
SqFt: 1,429 / Tax Appraiser Name: Hdcp Am: No
# Gar Spaces: 2 Cvrd Park: 0
# Carprt Spcs: 0 Garage Size: 19 x 19 Yr Built: 1992 / Preowned
Acres: 0.093 Lot Dimen: Will Subdiv: No
HOA: None HOA Dues:

School Dist: Garland ISD
Elementary School: Choice Of School Middle School: Choice Of School High School: Choice Of School
Bedroom: 9 x 10 / 2
Bedroom: 10 x 10 / 2

Breakfast Room: 7 x 8 / 1
Dining Room: 15 x 8 / 1

Kitchen: 10 x 8 / 1 Eat-in Kitchen
Living Room: 14 x 16 / 1

Master Bedroom: 12 x 14 / 1 Linen Closet, Separate Shower
Utility Room: 8 x 3 / 1 Dryer Hookup- Electric, Washer Hookup

Thomas Su
Realtor
Keller Williams Realty
18383 Preston Rd. Ste 150 
Dallas, TX 75252, USA
Email: rwp1688@gmail.com
(469) 347 1839

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18040 Midway Dr Plano – Foreclosure Opp.

This is a foreclosure opportunity in Plano ISD – It is a 2 bedroom, 2 bathroom Condo in a highly sought after area – it is located in Dallas, but in Plano ISD.

This is an unique opportunity to buy this 2 bedroom Condo in Plano ISD under $100,000.

PURCHASE PRICE: $75,000 to $85,000

REHAB COST: Approx. $12,000 (Subject to Confirmation)

RESALE VALUE: $110,000 to $120,000

Analysis:

1. It comes with a garage

2. Located at back end of the complex – it is on the quieter end.

3. 2 good sized bedrooms

4. The master bathroom seems to be a bit small in size

5. It is 2 full-sized bathrooms

6. Fully updated condos in this community have been sold above $120,000

 

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825 Bluebonnet Lane Mesquite – Small, Cute and “Interesting”

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825 Bluebonnet Lane Mesquite

Listing Price: 72,500

SqFt: 978

$ per SqFt: $74.23

Recent renovation! New kitchen cabinets, new bath tile shower, new roof and 1.2 inch decking, new storm, energy efficient windows, new vinyl siding, new garage door, exterior & interior doors. New AC Heating unit. New water, gas, sewer & electrical lines. Square footage in house increased due to partially converted garage, not reflected in square footage posted. Very large backyard with trees!

Bedrooms: 3 Tot Baths: 1.0 Liv Areas: 1 Stories: 1
Fireplaces: 0 Full Baths: 1 Dining Areas: 1 Pool: No
Sec Sys: No Half Baths: 0
SqFt: 978 / Tax Appraiser Name: Hdcp Am: No
# Gar Spaces: 1 Cvrd Park: 0
# Carprt Spcs: 0 Garage Size: 12 x 14 Yr Built: 1960 / Preowned
Acres: 0.215 Lot Dimen: Will Subdiv: No
HOA: None HOA Dues:

School Dist: Mesquite ISD
Elementary School: Rutherford

Middle School: Agnew

High School: Mesquite

Key Analysis

1. The garage has been partially converted – but the layout is kind of confusing inside.

2. The bedroom is located right next to the front door

3. The laundry is located inside one of the bedrooms

4. We could see the garage door, but we could not see the garage

5. Smoker’s house – so strong smell inside the house

6. Very large backyard

7. A lot of new updates

8. Schools are good schools in the area.

The Rent in this area is around 0.75 to 0.83 per sq.ft, for a size of this house – it maybe able to rent between $900 to $1,000 per month as the sq.ft did not account for the garage conversion – however, the rent maybe discounted due to laundry location and garage.

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237 Stoneridge Dr Mesquite – Move In Ready

237 Stoneridge Dr Mesquite – Move In Ready Condition

Listed Price: $127,500

Size: 1,653 Sq.Ft

3 Bedrrooms / 2 Bathrooms / 2 Garage Space

Analysis:

1. Newer and quiet stree in the “Older Mesquite” area.

2. Nearby properties are all post-1990s or post-2000 properties.

3. Other streets and in nearby subdivisions are older areas, with older properties (1950s & 1960s).

4. Lower Crime Area – but as you can see from the map below (Click Link) – the subdivision across the main road tends to have more problems.

Click Here For SpotCrime Map

Recent Sales Comparison

2929 Meadowlark DR: $129,900 / 2,317 sq.ft / 4 bedroom / 2.1 bathroom

2920 Hillside DR: $132,000 / 2,406 sq.ft / 4 bedroom / 2.1 bathroom

117 Stoneridge DR: $138,500 / 2,833 sq.ft / 4 bedroom / 2.1 bathroom

Recent Lease Comparison

1) 4 Bedroom / 2.1 Bathroom: $1,650 / 2,310 sq.ft = 0.71 per sq.ft

2) 3 Bedroom / 2.1 Bathroon: $1,250 / 1,860 sq.ft = 0.67 per sq.ft

3) 4 Bedroom / 2.1 Bathroom: $1,325 / 2,085 Sq.ft = 0.64 per sq.ft

LIKELY RENT: $1,150 to $1,250 RANGE

Thomas Su
Realtor
Keller Williams Realty
18383 Preston Rd. Ste 150 
Dallas, TX 75252, USA
Email: rwp1688@gmail.com
(469) 347 1839
Bedrooms: 3 Tot Baths: 2.0 Liv Areas: 1 Stories: 1
Fireplaces: 0 Full Baths: 2 Dining Areas: 1 Pool: No
Sec Sys: Yes Half Baths: 0
SqFt: 1,653 / Tax Appraiser Name: Hdcp Am: No
# Gar Spaces: 2 Cvrd Park: 2
# Carprt Spcs: 0 Garage Size: 20 x 20 Yr Built: 2000 / Preowned
Acres: 0.117 Lot Dimen: 51 x 100 Will Subdiv: No
HOA: None HOA Dues:
Accessory Unit: Accessory Unit Type:
School Dist: Mesquite ISD
Elementary School: Galloway Middle School: Wilkinson High School: Westmesqui
Bedroom: 13 x 12 / 1
Bedroom: 11 x 12 / 1


Kitchen: 14 x 11 / 1
Living Room: 20 x 16 / 1


Master Bedroom: 16 x 15 / 1 Linen Closet, Medicine Cabinet
Utility Room: Dryer Hookup- Electric, Full Size W/D Area, Washer Hookup

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Texas Investment: 2535 Beverly Hills Lane (Tenanted)

This is part of the investment package, the same owner also owns 708 Grande Dr Mesquite.

The owner is selling the properties as a Cash-Flowing package.

Listing Price: $115,000

Current Rent: $1350 a month

Condition: Move In Ready

Property Analysis

Bedrooms: 3

Total Bathrooms: 2

Total Area: 1,422 sq.ft

Garage Space: 2

Year Built: 1981

Schools: Florence Elementary (6), Vanston Middle School (6), North Mesquite (5)

Annual Tax: $1,882

Thomas Su
Realtor
Keller Williams Realty
18383 Preston Rd. Ste 150 
Dallas, TX 75252, USA
Email: rwp1688@gmail.com
(469) 347 1839
Bedrooms: 3 Tot Baths: 2.0 Liv Areas: 1 Stories: 1
Fireplaces: 1 Full Baths: 2 Dining Areas: 1 Pool: No
Sec Sys: Yes Half Baths: 0
SqFt: 1,422 / Tax Appraiser Name: Hdcp Am: No
# Gar Spaces: 2 Yr Built: 1981 / Preowned
# Carprt Spcs: 0 Cvrd Park: 2
Acres: 0.115 Lot Dimen: Will Subdiv: No
HOA: None HOA Dues:

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Dallas Investment Opp. – 4610 Spinnaker Cove, Garland – Move In Ready / Minor Repairs

Property: 4610 Spinnaker Cove, Garland

Condition: Just some minor updates

Listing Price: $150,000

Analysis

Excellent investment opportunity – principal of progression – smaller home in a very well established neighborhood, rest of the street all have bigger homes. This property has been vacant for a while, with a bit of touch ups, it can become a very nice property again – updates would be mainly cosmetics. The lender did mention the minimum would be $150,000.

Category: Residential Type: RES-Single Family Orig LP: $165,900
Area: 24/5 Also for Lease: N Lst $ / SqFt: $73.46
Subdv: Highport Estates 01 Lease MLS#:
County: Dallas Lake Name:
Parcel ID: 26264480040070000 Plan Dvlpmnt:
Lot: 7 Block: 4
Legal: HIGHPORT ESTATES 1 BLK 004 LT
Multi Prcl: No MUD Dst:No Unexempt Taxes: $3,571
Bedrooms: 3 Tot Baths: 2.0 Liv Areas: 1 Stories: 1
Fireplaces: 1 Full Baths: 2 Dining Areas: 2 Pool: No
Sec Sys: No Half Baths: 0
SqFt: 2,042 / Tax Appraiser Name: Hdcp Am: No
# Gar Spaces: 2 Cvrd Park: 0
# Carprt Spcs: 0 Garage Size: 22 x 21 Yr Built: 2004 / Preowned
Acres: 0.160 Lot Dimen: Will Subdiv: No
HOA: Mandatory HOA Dues: $240 / Annual
Thomas Su
Realtor
Keller Williams Realty
Dallas Preston Road
18383 Preston Rd. Ste 150 
Dallas, TX 75252, USA
Email: rwp1688@gmail.com
(469) 347 1839

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Dallas Investment – 2600 Creek Crossing Dr Mesquite – Move In Ready / Minor Updates

Property: 2600 Creek Crossing Dr Mesquite.

Property Analysis:

We inspected this property last week, this property had been on market for sometime now as it did not go through major updates. The owner is undergoing some major updates which will improve the marketability of this property.

Location: Very Good

Schools: Near schools

Neighborhood: Very quiet, lots of families.

The property – it’s a bit out-dated, however, they had ordered new carpet, new fence and in the process in cleaning up the garage. The carpet had been installed and will give a fresh look of the property.

It has 4 split bedrooms, 2 full bathroom,s good layout, transferrable foundation warranty.

 

Thomas Su

Realtor

Keller Williams Realty

18383 Preston Rd. Ste 150

Dallas, TX 75252, USA

Email: rwp1688@gmail.com

(469) 347 1839

 

Category: Residential Type: RES-Single Family Orig LP: $147,000
Area: 5/13 Also for Lease: N Lst $ / SqFt: $77.73
Subdv: Creek Crossing Estates Lease MLS#:
County: Dallas Lake Name:
Parcel ID: 380538200B0080000 Plan Dvlpmnt:
Lot: 8 Block: B
Legal: CREEK CROSSING ESTATES 3 BLK B
Multi Prcl: No MUD Dst:No Unexempt Taxes: $3,152
Bedrooms: 4 Tot Baths: 2.0 Liv Areas: 1 Stories: 1
Fireplaces: 1 Full Baths: 2 Dining Areas: 2 Pool: No
Sec Sys: Yes Half Baths: 0
SqFt: 1,756 / Tax Appraiser Name: Hdcp Am: No
# Gar Spaces: 2 Cvrd Park: 0
# Carprt Spcs: 0 Garage Size: Yr Built: 1998 / Preowned
Acres: 0.161 Lot Dimen: Will Subdiv: No

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