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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $155.44
- 3 Days on Market
- MLS # : 14514797
- Updated Date : 02/19/2021 at 20:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,281 sqft
- Baths : 3 full , 1 half
Listing Agent
Jp And Associates Realtors
Listing Agent's Description
Absolutely BEAUTIFUL home situated in a cul-de-sac on a half-acre. This open concept house recently had new flooring installed in the oversize downstairs living area which beautifully flows into hand scraped hardwood floors. The french doors leading out to the 25x25 All CEDAR Patio, beautifully made and perfect for any weather entertainment. It overlooks the massive yard with so much potential. Inside there are Granite countertops in baths and kitchen. You will also enjoy the large media room that comes with a wet bar, custom cabinets, mini fridge and icemaker. Bedrooms each have a unique trade to them. A custom 3-head master shower. There is also a storage building in the back and a playhouse with power.
SEE MORE
- 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: Kingswood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kingswood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,150 |
| EXPENSES | Loan Payment | -$1,771 |
| Property Tax | -$1,160 | |
| Property Insurance | -$217 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,097
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$510,000
PROJECTED PRICE
$2,150
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 12.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$140,900
LOAN DETAILS
$1,771
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $127,500 |
| Loan Amount | $382,500 |
-0.25
YEARS SAVED
-$78
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,150
LIST RENT -
$0.66
LIST RENT PER SQFT
-
$2,256
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
-
1110 Heather Circle Cedar Hill, TX 3
- 5 beds 4 baths ∙ 3,281 Sqft ∙ Built 1991 5 beds 4 baths ∙ 3,281 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $2,150
- $0.66
-
640 Gibson Street Cedar Hill, TX 1
- 4 beds 3 baths ∙ 2,940 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,940 Sqft ∙ Built 2000
LEASED 01/10/20- Rent
- Rent Per SQFT
- $1,799
- $0.61
-
455 Euless Drive Cedar Hill, TX 2
- 4 beds 3 baths ∙ 3,013 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,013 Sqft ∙ Built 2003
LEASED 10/30/20- Rent
- Rent Per SQFT
- $1,850
- $0.61
-
919 Wildwood Ridge Court Cedar Hill, TX 4
- 4 beds 3 baths ∙ 3,436 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,436 Sqft ∙ Built 1997
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,500
- $0.73
-
1024 Heath Circle Cedar Hill, TX 5
- 4 beds 3 baths ∙ 3,131 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,131 Sqft ∙ Built 1994
LEASED 07/17/20- Rent
- Rent Per SQFT
- $2,500
- $0.80
PROPERTY LISTING DETAILS
Jp And Associates Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14514797
Last Updated: 02/19/2021
