CashFlowRE
Sign in Sign up
1516 Star Light Trl
D Composite 42.15
Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +10.5/30.0
  • ARV discount +10.5/15.0
  • 1% rule +4.2/10.0
  • Schools +4.0/10.0
  • Condition / age +4.0/5.0
  • Livability +3.5/5.0
  • DSCR +3.0/10.0
  • Rent growth +2.5/5.0
  • Appreciation +0.0/10.0

$279,990

1516 Star Light Trl · Mesquite, TX 75181
3 bd · 2.5 ba · 1,633 sqft · Townhouse · 124 Days on market
Built 2026 Good condition Garage $171/sqft · 7% below area Est $300k · 7% under $250/mo HOA · 10% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

DIRECT RESIDENTIAL COMMUNITIES HOME, Fridge Washer, Dryer, Garage Door Opener, Blinds included. (The Norman plan) is a Brand new townhome located in the heart of the prestigious master-planned community Solterra! Located in Mesquite Texas, Solterra is a 1400-acre Master Planned Community - amenities will include a pool complex, access to a 30-acre Lake for Kayaking & Canoes, a Stocked Pond with Fishing Shack, bike and hiking trails, a fitness facility, a dog park, a beer garden, and a unique treehouse park designed by Animal Planet’s Treehouse Masters. The community will also feature a swim-up bar, an event lawn, and plenty of space for entertainment.

Key facts

  • Brand new townhome
  • Garage door opener
  • Blinds included

Tags

FRIDGE WASHER DRYERGARAGE DOOR OPENERBLINDS INCLUDEDBRAND NEW TOWNHOMEPOOL COMPLEX30-ACRE LAKE FOR KAYAKING

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.5-bath townhouse listed at $280k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-146 ($-2k/yr) — negative.
  • To cash-flow at today's rent, offer at most $259k (7.5% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $258k (7.8% below list).
  • Recommended offer: $246k (12.0% below list) — sets the bar for market timing.
  • Cap rate 5.7% vs local median 4.4% in Mesquite — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

  • Location reads 70/100 on livability (#358 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: crime F, commute F.
  • Mesquite ISD (suburban): math 35% / reading 32% proficiency, ranked #536 of 826 in TX (top 65%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Zoned schools: Gentry El (math 34% / reading 40%, grade F, #1,769 of 4,322 statewide, top 44%, 637 students, 79% FRL); Berry Middle (math 45% / reading 41%, grade D-, #540 of 1,662 statewide, top 33%, 579 students, 76% FRL); Horn H S (math 41% / reading 36%, grade F, #866 of 1,632 statewide, top 54%, 3,029 students, 74% FRL).
  • Market conditions: Rents flat; 858 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 66d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 12,577 units permitted in Dallas County in 2024 (6,829 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
  • Dallas County population projected at +35% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 124 days — a 12% lower offer ($246k) is reasonable based on typical stale-listing flexibility.
Recommended offer $246,391 (12.0% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. It's been on market 124 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
  7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
  8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
0.92% ✗
Cap rate
5.67%
Cash-on-cash
-2.23%
DSCR
0.90
GRM
9.0

CMA / ARV

ARV (median comp)
$299,990
List price
$279,990
Delta
-6.67%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
1812 Summer Aura 0.07mi 3/2.5 1,633 (0%) 7mo $299,990 $184 91
1512 Solterra Blvd 0.11mi 3/2.5 1,633 (0%) 5mo $289,990 $178 91
1820 Summer Aura 0.06mi 3/2.5 1,633 (0%) 8mo $289,990 $178 91
1504 Solterra Blvd 0.10mi 3/2.5 1,633 (0%) 7mo $274,990 $168 90
1841 Summer Aura 0.05mi 3/2.5 1,689 (+3%) 3mo $291,990 $173 89
1821 Summer Aura NONE 0.06mi 2/2.5 (-1) 1,592 (-2%) 4mo $279,990 $176 85
1404 Solterra Blvd 0.11mi 2/2.5 (-1) 1,569 (-4%) 7mo $284,990 $182 78
1512 Star Light Trl 0.01mi 3/2.5 1,872 (+15%) 0mo $299,990 $160 75
1836 Summer Aura 0.04mi 3/2.5 1,872 (+15%) 4mo $289,990 $155 70
1808 Summer Aura 0.07mi 3/2.5 1,872 (+15%) 4mo $289,990 $155 69
1816 Summer Aura 0.06mi 3/2.5 1,872 (+15%) 6mo $299,990 $160 68
1824 Summer Aura 0.05mi 3/2.5 1,872 (+15%) 6mo $289,990 $155 68

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.07% rent growth · sell at horizon

5-year hold
IRR
-23.7%
Equity multiple
0.21×
Total profit
$-61,860
Equity at exit
$41,747
10-year hold
IRR
-31.8%
Equity multiple
-0.19×
Total profit
$-93,655
Equity at exit
$24,208

Cash invested: $78,397 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
87 Strongly Landlord-Friendly
State Texas
87 Strongly Landlord-Friendly · R+5
County
— inherits STATE
City
— inherits STATE
3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
7 active · 9 under contract
Months of supply
6.0 mo (17%/mo absorbed)
Median asking
$289,900 ($155/sqft)
Median days on market
25 d
This list price
lowest-priced of the active set
ARV vs active asking
+18.6% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 75181

Home prices YoY
-9.4%
Rents YoY
0.1%
Active inventory
858
Price-to-rent
9.0×

Monthly cashflow live

Estimated rent
$2,581 high interval (Pro) →
Mortgage (P&I)
−$1,468
Tax est. 1.5%
−$350 /mo · $4,200/yr
Insurance
−$117
HOA
−$250
Vacancy / Maint / Mgmt
−$542
Net cashflow
$-146

Break-even live

Break-even rent $2,766
Max offer price $258,886
Occupancy floor —

Sensitivity live

Price -10% $48 -5% $-49 +0% $-146 +5% $-243 +10% $-339
Rent -10% $-350 -5% $-248 +0% $-146 +5% $-44 +10% $58
Rate -1.0pp $-5 -0.5pp $-75 base $-146 +0.5pp $-218 +1.0pp $-292

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$69,998
Closing costs
$8,400
Reserves months
—
Total cash needed
—

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2616 Widgeon Way Mesquite, TX 3.0 2.0 1619 $2,800 $1.73 10d 1 0.33mi
2616 Widgeon Way Mesquite, TX 3.0 2.0 1619 $2,800 $1.73 27d 1 0.33mi
2528 Widgeon Way Mesquite, TX 3.0 2.0 2223 $2,609 $1.17 2d 1 0.38mi
2516 Buck Dr Mesquite, TX 3.0 2.0 1562 $2,850 $1.82 65d 1 0.42mi
2508 Hawk Dr Mesquite, TX 3.0 2.0 1771 $2,225 $1.26 75d 1 0.43mi
2508 Hawk Dr Mesquite, TX 3.0 2.0 1771 $2,200 $1.24 10d 1 0.43mi
2600 Waterloo Ln Mesquite, TX 3.0 2.0 1460 $1,900 $1.30 184d 1 0.53mi
2004 Poppy Way Mesquite, TX 3.0 2.0 1572 $2,700 $1.72 184d 1 0.60mi
2108 Osage Trl Mesquite, TX 3.0 2.0 1571 $2,600 $1.65 89d 1 0.69mi
2324 Cantura Dr Mesquite, TX 4.0 2.0 2190 $2,500 $1.14 10d 1 0.71mi
1809 Osage Trl Mesquite, TX 4.0 2.0 2022 $2,599 $1.29 158d 1 0.74mi
1805 Osage Trl Mesquite, TX 4.0 2.0 1915 $2,795 $1.46 0d 1 0.75mi
1729 Hazer Ln Mesquite, TX 3.0 2.0 1498 $2,400 $1.60 161d 1 0.80mi
1633 Bette Dr Mesquite, TX 3.0 2.0 1548 $1,800 $1.16 3d 1 0.97mi
1608 Willow Crk Mesquite, TX 3.0 2.0 1934 $2,323 $1.20 99d 1 0.99mi
2505 Ash Crk Mesquite, TX 4.0 2.0 2189 $2,395 $1.09 2d 1 1.04mi
2302 Highbank Dr Mesquite, TX 3.0 2.0 1783 $2,145 $1.20 184d 1 1.06mi
1813 Bette Dr Mesquite, TX 4.0 2.0 1548 $2,241 $1.45 78d 1 1.08mi
2521 Ash Crk Mesquite, TX 3.0 2.0 1512 $2,600 $1.72 63d 1 1.09mi
2520 Walnut Creek Dr Mesquite, TX 4.0 2.0 1942 $2,545 $1.31 0d 1 1.12mi
2524 Park Valley Dr Mesquite, TX 3.0 2.0 1360 $2,020 $1.49 124d 1 1.12mi
2617 Ash Crk Mesquite, TX 3.0 2.0 1436 $1,850 $1.29 10d 1 1.15mi
2313 Austin Dr Mesquite, TX 3.0 2.0 1758 $2,295 $1.31 10d 1 1.15mi
2621 Ash Crk Mesquite, TX 3.0 2.0 1843 $2,299 $1.25 10d 1 1.16mi
2213 Creek Royal Dr Mesquite, TX 3.0 2.0 1505 $1,850 $1.23 163d 1 1.16mi
2213 Creek Royal Dr Mesquite, TX 3.0 2.0 1505 $1,850 $1.23 184d 1 1.16mi
1816 Lemonwood Cir Mesquite, TX 3.0 2.0 1178 $1,900 $1.61 10d 1 1.17mi
1712 Tigris Trl Mesquite, TX 3.0 2.0 1637 $2,199 $1.34 29d 1 1.18mi
2314 Stillwater Dr Mesquite, TX 4.0 2.0 1995 $2,600 $1.30 165d 1 1.21mi
2314 Stillwater Dr Mesquite, TX 4.0 2.0 1995 $2,600 $1.30 140d 1 1.21mi
2124 Creek Royal Dr Mesquite, TX 3.0 2.0 1472 $2,130 $1.45 65d 1 1.24mi
2338 Stillwater Dr Mesquite, TX 3.0 2.0 1765 $2,300 $1.30 161d 1 1.24mi
2209 Amber Spgs Mesquite, TX 3.0 2.5 1628 $2,105 $1.29 34d 1 1.25mi
2801 Clearmeadow Dr Mesquite, TX 3.0 2.0 2241 $2,095 $0.93 105d 1 1.25mi
2321 Bent Brook Dr Mesquite, TX 3.0 2.0 2029 $2,460 $1.21 148d 1 1.25mi
1348 Virgie Joe Dr Mesquite, TX 3.0 1.5 1113 $1,579 $1.42 3d 1 1.25mi
808 Creekside Dr Mesquite, TX 3.0 2.0 1886 $2,200 $1.17 95d 1 1.25mi
2024 Emerald Oaks Mesquite, TX 3.0 2.0 1621 $1,999 $1.23 31d 1 1.25mi
2024 Emerald Oaks Mesquite, TX 3.0 2.0 1621 $1,999 $1.23 19d 1 1.25mi
2505 Hidden Springs Dr Mesquite, TX 3.0 2.0 2020 $2,101 $1.04 43d 1 1.26mi

Property features AI

Finance

Other
Builder special listing conditionPossession options: 30-60 days, 60-90 days, or upon completion
Financial info
No second mortgage
HOA & community
Mandatory HOAMonthly HOA feeHOA covers grounds and structure maintenanceHOA managed by CCMC

Exterior

Parking
Attached garage with 2 covered parking spaces
Security
Smoke detector(s)
Utilities
City waterCity sewerCable available
Home design
Townhouse (attached)Two levelsNew construction completed in 2026
Construction
Composition roofSlab foundation
Exterior features
Less than 0.5 acre lotSmoke detectors

Interior

Kitchen
DishwasherElectric rangeMicrowaveKitchen island
Bedrooms
3 bedrooms (primary bedroom on level 2)
Flooring
CarpetVinyl
Bathrooms
2 full bathrooms1 half bathroom
Heating & cooling
Central heatingCentral air conditioning
Interior features
Double vanitiesKitchen islandVaulted ceilingsWalk-in closets1 living area1 dining area4 total roomsElectric fireplace
Laundry & utility
Appliances included

HOA detail $250/mo · $3,000/yr

Likely covers
pool

Listing history 50 events

  1. 2026-11-08
    days on market $279,990 Active 124 DOM
  2. 2026-11-07
    days on market $279,990 Active 123 DOM
  3. 2026-11-06
    days on market $279,990 Active 122 DOM
  4. 2026-11-05
    days on market $279,990 Active 121 DOM
  5. 2026-11-04
    days on market $279,990 Active 120 DOM
  6. 2026-11-02
    days on market $279,990 Active 118 DOM
  7. 2026-11-01
    days on market $279,990 Active 117 DOM
  8. 2026-10-31
    days on market $279,990 Active 116 DOM
  9. 2026-10-30
    days on market $279,990 Active 115 DOM
  10. 2026-10-29
    days on market $279,990 Active 114 DOM
  11. 2026-10-28
    days on market $279,990 Active 113 DOM
  12. 2026-10-27
    days on market $279,990 Active 112 DOM
  13. 2026-10-26
    days on market $279,990 Active 111 DOM
  14. 2026-10-25
    days on market $279,990 Active 110 DOM
  15. 2026-10-24
    days on market $279,990 Active 109 DOM
  16. 2026-10-23
    days on market $279,990 Active 108 DOM
  17. 2026-10-22
    days on market $279,990 Active 107 DOM
  18. 2026-10-21
    days on market $279,990 Active 106 DOM
  19. 2026-10-20
    days on market $279,990 Active 105 DOM
  20. 2026-10-19
    days on market $279,990 Active 104 DOM
  21. 2026-10-18
    days on market $279,990 Active 103 DOM
  22. 2026-10-17
    days on market $279,990 Active 102 DOM
  23. 2026-10-16
    days on market $279,990 Active 101 DOM
  24. 2026-10-15
    days on market $279,990 Active 100 DOM
  25. 2026-10-14
    days on market $279,990 Active 99 DOM
  26. 2026-10-13
    days on market $279,990 Active 98 DOM
  27. 2026-10-12
    days on market $279,990 Active 97 DOM
  28. 2026-10-11
    days on market $279,990 Active 96 DOM
  29. 2026-10-10
    days on market $279,990 Active 95 DOM
  30. 2026-10-09
    days on market $279,990 Active 94 DOM
  31. 2026-10-08
    days on market $279,990 Active 93 DOM
  32. 2026-10-07
    days on market $279,990 Active 92 DOM
  33. 2026-10-06
    days on market $279,990 Active 91 DOM
  34. 2026-10-05
    days on market $279,990 Active 90 DOM
  35. 2026-10-04
    days on market $279,990 Active 89 DOM
  36. 2026-10-03
    days on market $279,990 Active 88 DOM
  37. 2026-10-02
    days on market $279,990 Active 87 DOM
  38. 2026-10-01
    days on market $279,990 Active 86 DOM
  39. 2026-09-30
    days on market $279,990 Active 85 DOM
  40. 2026-09-29
    days on market $279,990 Active 84 DOM
  41. 2026-09-28
    days on market $279,990 Active 83 DOM
  42. 2026-09-27
    days on market $279,990 Active 82 DOM
  43. 2026-09-26
    days on market $279,990 Active 81 DOM
  44. 2026-09-25
    days on market $279,990 Active 80 DOM
  45. 2026-09-24
    days on market $279,990 Active 79 DOM
  46. 2026-09-23
    days on market $279,990 Active 78 DOM
  47. 2026-09-22
    days on market $279,990 Active 77 DOM
  48. 2026-09-21
    days on market $279,990 Active 76 DOM
  49. 2026-09-20
    days on market $279,990 Active 75 DOM
  50. 2026-09-19
    days on market $279,990 Active 74 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$30,974
− Mortgage interest
−$15,684
− Property taxes
−$4,200
− Insurance
−$1,400
− Repairs & maintenance
−$2,478
− Management
−$2,478
− HOA
−$3,000
− Depreciation
−$8,145
Taxable loss
−$6,411
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,539
After-tax cash flow
$-212/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 80/100 None rehab

This newly built townhome in Solterra is move-in ready with a fresh interior and new appliances. It offers a great location with access to community amenities.

Value-add opportunities

  • Both Paint interior walls — Fresh paint can make a home more appealing to buyers and renters. ↑
  • Both Install smart home devices — Smart home devices can increase home value and attract tech-savvy buyers and renters. ↑
  • Both Add landscaping around the front of the home — Landscaping can enhance curb appeal and add value to the home. ↑
F Composite school gradezoned avg 40/100

Zoned Schools

Elementary Gentry El F TX #1,769/4,322 Nat'l #21,438/41,679 Middle Berry Middle D- TX #540/1,662 Nat'l #5,160/14,009 High Horn H S F TX #866/1,632 Nat'l #8,796/17,239

Schools (NCES district)

District
Mesquite ISD
NCES district ID
4830390
Math proficiency
35% ▼ -11.00%
Reading proficiency
32% ▼ -7.00%
Median HH income
$49,372
Composite
29.06/100
National rank
#6606
State rank
#536 of 826 in TX
B Composite livability gradescore 70/100

Livability — Mesquite

Score
70/100
State rank
#358
US rank
#7743

Category grades

Amenities B- Commute F Cost of living A+ Crime F Employment C+ Housing A+ Health & safety A- User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Mesquite, TX
County
Dallas County · 2,979,839 people
City population
150,788
Metro
Dallas-Fort Worth-Arlington, TX
Population (ZIP)
29,788
Household income
$111,052
Rent vs Own
16.2% rent · 83.8% own
Severe rent burden
29% of renters

Population outlook (Dallas County) Hauer SSP2

Today (2025)
2,979,839 people
By 2030
3,191,823 · +7.1%
By 2040
3,619,611 · +21.5%
By 2050
4,026,915 · +35.1%
By 2075
4,957,073 · +66.4%
By 2100
5,508,725 · +84.9%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Highly diverse neighborhood (Simpson 0.71)
Race & ethnicity
Black 39% Hispanic / Latino 32% Two or more races 21% White 16% Asian 5% Native American 1%
Hispanic origin (detail)
Mexican 27% Puerto Rican 1%
Languages at home
64% English-only · Spanish 27% Tagalog/Filipino 3% Other Asian/Pacific 1%

Political lean MEDSL · Dallas

2024 margin
Strong D (+22.2) · D 60.2% · R 38.0% · Other 1.8%
2008→2024 swing
+6.9pp toward D · 2008: 15.3pp · 2024: 22.2pp
All cycles
2024: D+22.2 2020: D+31.6 2016: D+26.2 2012: D+15.4 2008: D+15.3

Not yet ingested

Civics
—

Price history

2 events — show timeline
  • 2026-06-10 Pending — NTREIS
  • 2026-05-04 Listed $279,990 NTREIS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…