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1219 Foster Street Cedar Hill, TX 75104

3 Beds 2 Baths 2,173 sqft Built 2012

$230,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $105.84
  • 3 Days on Market
  • MLS # : 14487714
  • Updated Date : 12/18/2020 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,173 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Frisco Stars

Listing Agent's Description

Beautiful single story home! Tile floors adorn the entry, hall, and kitchen. Open kitchen to family room floor plan. Large family room perfect for entertaining. Master suite is perfect for king size furniture. Master bath with dual sinks, separate shower, and garden soaking tub. Backyard is perfect for outdoor living. This home is a MUST SEE!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Cedar Crest

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Cedar Crest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451741

* 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
Plummer Elementary School Primary Regular 521 28 5
Permenter Middle School Middle Regular 632 39 4
Permenter Middle School High Regular 632 39 4

Plummer Elementary School

  • Education Level: Primary
  • # of students: 521
  • # of teachers: 28
5
GreatSchools Rating

Permenter Middle School

  • Education Level: Middle
  • # of students: 632
  • # of teachers: 39
4
GreatSchools Rating

Permenter Middle School

  • Education Level: High
  • # of students: 632
  • # of teachers: 39
4
GreatSchools Rating
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$849
Property Tax -$523
Property Insurance -$153
Property Management Fees -$99
CASH FLOW
$107

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.

$230,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$20,747

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,744

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,730
1$1,7302$1,7953$1,7954$1,8055$1,825
$1,825
RENT COMPS ANALYSIS
  • 1219 Foster Street Cedar Hill, TX 1
    • 3 beds 2 baths ∙ 2,173 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,173 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.80
    •  
  • 1342 Newton Drive Cedar Hill, TX 2
    • 3 beds 2 baths ∙ 2,306 Sqft ∙ Built 2009 3 beds 2 baths ∙ 2,306 Sqft ∙ Built 2009
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.78
    •  
  • 1217 Cathey Street Cedar Hill, TX 3
    • 3 beds 3 baths ∙ 2,370 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,370 Sqft ∙ Built 2000
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.76
    •  
  • 1355 Hayes Street Cedar Hill, TX 4
    • 3 beds 2 baths ∙ 2,101 Sqft ∙ Built 2010 3 beds 2 baths ∙ 2,101 Sqft ∙ Built 2010
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,805
    • $0.86
    •  
  • 1213 Pettigrew Court Cedar Hill, TX 5
    • 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 1999
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.81
    •  
PROPERTY LISTING DETAILS
Leonard Mcmanaman
Keller Williams Frisco Stars
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14487714
Last Updated: 12/18/2020
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