Home to 22 Fortune 500 corporations, Dallas is known for its booming economy and is a major center for the telecommunication, energy, healthcare, transportation, information technology, and financial services sectors.
The diversity of its economic sectors and friendly business environment have attracted major employers to expand and innovative tech companies to move in. We’ve seen as a result the thriving job market in Dallas with about 300,000 annual growth in 2022, only after New York and Los Angeles. And the population grows 2.73x faster than the national average.
Historically, home prices in Mesquite have been significantly lower than in Dallas. However, things are changing as more people move from the big city to nearby smaller communities that offer transportation links and family-friendly amenities. It’s not uncommon for Mesquite residents to commute to and from downtown Dallas.
Mesquite — where you’ll find our latest properties S7, S8, and S9 — is considered more affordable than living in Dallas itself. Looking at the area’s numbers, Mesquite had a home value index of $306,000 in August 2022, according to Zillow. Dallas, on the other hand, had an index of 393,000. However, the real story lies behind Zillow’s year-on-year numbers. In just 12 months, Mesquite’s home value index has increased by 31.9% compared to Dallas’ 23.6%.
You’ll tend to find relatively newer and relatively cheaper homes here — a safe community surrounded by beautiful scenery. It might be quieter than downtown Dallas, but this community is by no means sleepy. There’s a lot of potential for Mesquite property investments to increase in market price since major companies are located close by. CBRE Group and Texas Instruments, for example, are just a short drive away. Goldman Sachs has just announced earlier this year of its expansion to add 5000 new job opportunities to the area.
For these reasons and others, The Mesquite investment market is hot right now. With homeownership rates of 59.2% — lower than the national average of 64.4%, it is expected to be a popular rental market, generating stable incomes for investors. Median rent has gone up +41.4% in the past 5 years, also x1 faster than rent increase in the city of Dallas.
Our Mesquite property investments S7, S8, and S9 are three single-family homes in an independent school district, which educates more than 38,000 students in grades PK and K-12. This above-average public school district has a student-teacher ratio of 16 to 1.
S7, S8, and S9 are close to a grocery store. S7 is 1.4 miles from the nearest store, S8 is 0.6 miles, and S9 is 0.5 miles. For additional retail therapy, families who move into these properties can take the short trip to Town East Mall, which houses anchor stores such as Macy’s, JCPenney, and Dick’s Sporting Goods and an 850-seat food court. Other local attractions include the Mesquite Arts Center, Mesquite Rodeo Arena, and Devil Bowl’s Speedway. The area also has several green spaces, including City Lake Park with its little league field, picnic tables, activity center, and tennis court.
For those who want to travel further afield, major highways connect the city to surrounding outdoor attractions, arts & culture, and sports.
S7 is a single-family Mesquite investment with a large living room, three bedrooms, two bathrooms, and one study (upgraded for bedroom purposes to increase rental income). It boasts a one-story open floor plan that allows natural light to flood the property and offers a large private and gated backyard. There is no carpet on this property, and tenants bring their own fridge/washer-dryer to save money on maintenance costs.
Other property features include high ceilings, tiled and laminate floors, granite countertops, stainless steel appliances, stove, microwave, dishwasher, central AC.
S8 has three bedrooms, two bathrooms, and one study (upgraded for bedroom purposes to increase rental income). It has a large private and gated backyard, and tenants bring their own fridge/washer-dryer to save on maintenance costs.
Other features include high ceilings, tiled and hardwood floors, central AC, granite countertops, stove, microwave, dishwasher and a 2021 water heater.
S9 is a Mesquite investment with four bedrooms and two bathrooms. It has a one-story open floor plan that lets natural light into the property and a large private and gated backyard. Tenants can relax on the outdoor deck and bring their own fridge/washer-dryer to save on maintenance costs.
Other features include high ceilings, stainless steel appliances, a microwave, dishwasher, stove, granite countertops, tiled floors, a 2020 central AC system, and a four-year-old roof.
If you’ve never invested in a single-family home before, especially in the rising sun belt regions where we’ve seen strong and steady job opportunities and population growth, choose one (or all three!) of these Mesquite properties is an incredible place to start.
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