Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1038 Greenbriar Trail Cedar Hill, TX 75104

4 Beds 2 Baths 2,762 sqft Built 2007

$299,990

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $108.61
  • 4 Days on Market
  • MLS # : 14479411
  • Updated Date : 12/05/2020 at 16:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,762 sqft
  • Baths : 2 full
Listing Agent

Social Realty, Llc

Listing Agent's Description

Gorgeous home in Cedar Hill! This home has 4 bedrooms plus a office! Enter in and see the bright formal living and dining area. Continue into the huge family room with plenty of windows allowing in lots of natural light. Opens up into the kitchen with an island and plenty of cabinets and counter space. Large master suite allows for a small seating area and has a recently updated bathroom. Back patio and outdoor fireplace is perfect for those summer nights with family and friends. New water resistant hardwood floors throughout the home. This house will not last long!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Wooded Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $122k288k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Wooded Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10122225

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Waterford Oaks Elementary School Primary Regular 538 29 4
Bessie Coleman Middle School Middle Regular 588 35 4
Cedar Hill High School High Regular 1,731 105 2

Waterford Oaks Elementary School

  • Education Level: Primary
  • # of students: 538
  • # of teachers: 29
4
GreatSchools Rating

Bessie Coleman Middle School

  • Education Level: Middle
  • # of students: 588
  • # of teachers: 35
4
GreatSchools Rating

Cedar Hill High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 105
2
GreatSchools Rating
 

$269,991$329,989$299,990

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,107
Property Tax -$682
Property Insurance -$187
HOA -$26
Property Management Fees -$99
CASH FLOW
-$291

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$299,990

PROJECTED PRICE

$1,810

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,247

INVESTMENT

$85,247

Down Payment
$74,998
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,998
Loan Amount $224,993
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$792

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,810

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,830

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8103$1,8504$1,8955$2,000
$2,000
RENT COMPS ANALYSIS
  • 1038 Greenbriar Trail Cedar Hill, TX 2
    • 4 beds 2 baths ∙ 2,762 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,762 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.66
    •  
  • 1029 Magnolia Lane Cedar Hill, TX 1
    • 4 beds 3 baths ∙ 2,554 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,554 Sqft ∙ Built 2000
    property image
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.70
    •  
  • 917 Shady Brook Lane Cedar Hill, TX 3
    • 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 1995
    property image
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.61
    •  
  • 1036 Winding Creek Cedar Hill, TX 4
    • 5 beds 3 baths ∙ 3,006 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,006 Sqft ∙ Built 2000
    property image
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.63
    •  
  • 1387 Calvert Drive Cedar Hill, TX 5
    • 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2005
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.71
    •  
PROPERTY LISTING DETAILS
Greg Potts
Social Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14479411
Last Updated: 12/05/2020
BESbswy