Real Estate Investing Performance In Mesquite
| Avg Purchase Price | Avg Cap Rate | Avg Cash on Cash Return | Avg Cash Needed to close | |
|---|---|---|---|---|
| Commercial 5+ units LTR | $150k per door +/- $50k | 6-7% | 4-5% | $40k per door |
| Short Term Rental (SFH) | $550k | 10-12% | 10% | 120k |
| STR (2-4 Units) | $200k per door | 11-13% | 10-11% | 55k per door |
| Long Term Rental (2-4 Units) | 300-400k | 3% - 5% | 2% - 4% | 98k |
| Long Term Rental (SFH) | 300k - 350k | 2% - 4% | 2% - 3% | $71,500 |
| Househack (2-4 Units) | 150k - 175k per door | 3-5% | 0% | $12,500 per door |
| Househack (SFH) | 325k - 400k | 2-4% | 0% | $18,750 |
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Mesquite Real Estate Investment Tips
Whether you’re seeking rental income, a fix-and-flip, long-term appreciation or a combination, you need to explore different neighborhoods in the Mesquite real estate market. As your investor-friendly real estate agent, we can help with this, and here are some neighborhoods where our clients have enjoyed success:
- Town East Estates: A well-established neighborhood of single-family homes known for affordability with lots of people seeking rentals.
- Casa View Heights: Situated in western Mesquite, this area offers everything from mid-century to more contemporary homes. It has great proximity to good schools, entertainment, and open spaces.
- Mesquite Park: With a central location and a good mix of housing options, there is lots to explore here if you are seeking rental properties.
You need to have a strong understanding of your budget and your goals when considering locations here. House prices vary substantially by location, as does the demand for rental or owner-occupied housing. Let us help you establish your goals and build a strategy around them.
Main Activities, Attractions, and Employers in Mesquite
With a thriving retail and commerce sector and a substantial manufacturing industry, diversity is the word of the day for the economy that drives Mesquite real estate. It’s important to understand local economies for real estate investors, in order to gauge where investment opportunities might come from.
Top employers in Mesquite include:
- The Mesquite Independent School District (MISD)
- Ashley Furniture Industries
- Hanwha L&C USA
- Retail and restaurants
Meanwhile, the city’s leading attractions include:
- Mesquite Championship Rodeo
- Devil’s Bowl Speedway
- Rodeo City Music Hall
- Mesquite Arts Center
It is the diversity of industries and attractions in Mesquite that gives it such a robust economy. And its close proximity to the Dallas – Fort Worth metroplex further strengthens its standing. It is no wonder there is great potential for real estate investment in Mesquite.
Success stories investing in this area
“Used Victor in finding and purchasing my first investment property. Victor and his team were knowledgeable in providing help along the way especially toward the end while getting everything squared away.”
Logan Hicks
Long Term Rental
Victor was an awesome realtor! We were first time investors in Texas and he was very responsive, experienced, and pleasant. Every question we had he answered promptly and from start to finish Victor guided us thorough the whole process and made the buying transaction as smooth as possible for us! You will not be disappointed by working with Victor Steffen, thank you Victor!
Janeth Quintero
Long Term Rental
Investing Strategies in Mesquite
With the diversity of its economy, Mesquite real estate offers opportunities for different types of property investors. The rental market is particularly strong, and there is a lot of demand for both single-family homes and apartments in duplexes and triplexes. Find the right area, and you could get a stable income stream from Mesquite, though the close proximity of Dallas means many also enjoy a lot of success with short-term rentals. In fact, if you find distressed properties in the right neighborhood, a fix and flip strategy can also be very effective here.
One of the keys to success is to find the right investor-friendly real estate agent to guide you on this journey. They need to have expertise in the local markets and also experience of working with investors. Ideally, they will also hold experience in being an investor themselves. We tick all those boxes, and we are confident you will like the way we work. Please feel free to reach out for a no-obligation call with one of our team.
Is Mesquite a Good Real Estate Investment?
We believe Mesquite holds many great opportunities for real estate investors. With the benefits Texas offers for property investment, and the strength and diversity of the Mesquite economy, the city is fertile ground for a well-executed property investment. The demand for rentals is consistently high and the opportunities for people to work and raise a family there are very appealing. These factors, plus the array of housing options there, amount to good news for property investors both seasoned and new.
The key is to do the research. People who work in the city may want to live in Town East for close proximity to their employers, whilst commuters to Dallas may look at Broadway-Pea for its connections to the I-30 and I-635. Meanwhile, the Eastfield College area is popular for people who work or study at one of the educational institutions, and families enjoy Poteet for its good schools and various parks. Let us help you make informed decisions about where to focus your attention.
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