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1104 Brewer Drive Cedar Hill, TX 75104

3 Beds 2 Baths 1,724 sqft Built 1987

$240,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $139.21
  • 4 Days on Market
  • MLS # : 14515672
  • Updated Date : 02/11/2021 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,724 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Welcome home! Well-maintained 3Br 2Ba Rancher that boasts an open floor plan with a wood-burning FP, vaulted ceilings and ledges, perfect-arch windows to allow for beautiful, natural lighting. Master Bathroom features French Doors, large dual vanities, separate shower and jetted tub. Updated flooring 2020. Newly purchased front door, 2019. Newly painted exterior, 2020. AC Unit, Water Heater and Roof 2016. Front and back door mounted security sensors. Home is conveniently located near schools, retail shopping, restaurants, parks and easy access to the hwy. Come home to comfort!

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Waterford Oaks Garden Homes

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $115k243k

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

Neighborhood: Waterford Oaks Garden Homes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9171740

* 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
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$834
Property Tax -$546
Property Insurance -$127
Property Management Fees -$99
CASH FLOW
-$65

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.

$240,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.64%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$5,971

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,556

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5403$1,5954$1,6505$1,699
$1,699
RENT COMPS ANALYSIS
  • 1104 Brewer Drive Cedar Hill, TX 2
    • 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.89
    •  
  • 202 Chamblin Drive Cedar Hill, TX 1
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1987
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.92
    •  
  • 1152 Calvert Drive Cedar Hill, TX 3
    • 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
    •  
  • 1110 Germany Drive Cedar Hill, TX 4
    • 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1995
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.89
    •  
  • 217 Chamblin Drive Cedar Hill, TX 5
    • 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
    •  
PROPERTY LISTING DETAILS
Sonya Belyeu
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14515672
Last Updated: 02/11/2021
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