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1205 Calvert Drive Cedar Hill, TX 75104

3 Beds 2 Baths 1,765 sqft Built 1987

INVESTimate

$225,000

List Price

$1,610

$1,449 - $1,771

Rent Est.

$248,490  ( +10.44%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1987
  • Price/Sqft : $127.48
  • 9 Days on Market
  • MLS # : 14415378
  • Updated Date : 08/24/2020 at 10:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,765 sqft
  • Baths : 2 full
Listing Agent

United Real Estate

Listing Agent's Description

The definition of a Turn-Key home! Totally updated spacious one story home with an open concept. The floor plan is ideal for hosting and creating memories with the ones you love. Roomy kitchen with plenty of space for you to cook. Living room area is more than efficient and includes a cozy wood burning fireplace. Master bath has large walk-in closet, separate shower, dual vanities, and garden tub. Home also has an open floor plan, vaulted ceilings, new paint, new carpet, ceramic tile, and new laminate floors. There is a bonus sunroom which can be used as an office or work-out room. Fenced backyard with patio perfect for entertaining. This is wonderful home that won't be available for long so come quickly!

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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: Waterford Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240kPrice in $122k243k

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

Neighborhood: Waterford Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9981756

* 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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$830
Property Tax -$512
Property Insurance -$129
Property Management Fees -$99
CASH FLOW
$40

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.

$225,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.44%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$15,185

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,659

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5953$1,6104$1,6255$1,699
$1,699
RENT COMPS ANALYSIS
  • 1205 Calvert Drive Cedar Hill, TX 3
    • 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.91
    •  
  • 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
    •  
  • 1215 White Drive Cedar Hill, TX 2
    • 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1986
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.92
    •  
  • 1121 Parker Court Cedar Hill, TX 4
    • 4 beds 3 baths ∙ 1,652 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,652 Sqft ∙ Built 1994
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.98
    •  
  • 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
Romae Mims
United Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415378
Last Updated: 08/24/2020
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