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1084 Magnolia Lane Cedar Hill, TX 75104

4 Beds 2 Baths 1,948 sqft Built 2001

$259,900

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $133.42
  • 1 Days on Market
  • MLS # : 14530924
  • Updated Date : 03/13/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,948 sqft
  • Baths : 2 full
Listing Agent

Frantz & Associates Realty

Listing Agent's Description

WATERVIEW!! Don't miss this beautiful, immaculately cared-for spacious home. 4 bedrooms, 2 baths, 2 living rooms, 2 dining, granite counter tops, stainless steel appliances, lots of natural lights. Updates include new wood floors, new roof, AC 2 years old, new Bosch dishwasher. Quick and Easy access to shopping, schools and major highways.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Winding Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240kPrice in $122k243k

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

Neighborhood: Winding Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10121859

* 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
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$903
Property Tax -$591
Property Insurance -$140
Property Management Fees -$99
CASH FLOW
$87

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.

$259,900

PROJECTED PRICE

$1,820

PROJECTED RENT

0.70%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$17,596

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,797

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,6994$1,8205$1,850
$1,850
RENT COMPS ANALYSIS
  • 1084 Magnolia Lane Cedar Hill, TX 4
    • 4 beds 2 baths ∙ 1,948 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,948 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.93
    •  
  • 1152 Calvert Drive Cedar Hill, TX 1
    • 3 beds 3 baths ∙ 1,859 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,859 Sqft ∙ Built 1986
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.86
    •  
  • 682 Lowe Drive Cedar Hill, TX 2
    • 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 2001
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 217 Chamblin Drive Cedar Hill, TX 3
    • 4 beds 3 baths ∙ 1,813 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,813 Sqft ∙ Built 1987
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.94
    •  
  • 808 Angel Street Cedar Hill, TX 5
    • 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 1990
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.96
    •  
PROPERTY LISTING DETAILS
Emilie L. Frantz
Frantz & Associates Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14530924
Last Updated: 03/13/2021
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