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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $110.65
- 3 Days on Market
- MLS # : 14512026
- Updated Date : 02/13/2021 at 11:39
CONSTRUCTION
- Beds : 4
- Floor Size : 2,422 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Arlington
Listing Agent's Description
CANCELLED Open House, Sat. 1-3 Cozy & comfortable with plenty of flexible living space. Retreat to the downstairs master with 2 walk-in closets. Unwind in the soaker tub or separate shower. Gather round the decorative brick fireplace & escape the cold. Vaulted Ceilings & rich laminate flooring. Carpet upstairs & in master just installed this Feb. Your chef will enjoy the eat-in kitchen with pantry & breakfast bar. Breakfast nook opens to 2nd downstairs living area & opens to extended backyard patio. Huge Backyard Magnolia tree named Maggie. Upstairs living or game room & flex room that could be an office. 2.2 miles from Cedar Hill State Park & just minutes to US 67. 17 miles to Dallas & 29 Miles to Fort Worth.
SEE MORE
- . 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: Sweetbriar at High Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sweetbriar at High Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,860 |
| EXPENSES | Loan Payment | -$931 |
| Property Tax | -$610 | |
| Property Insurance | -$167 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$53
|
||
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.
$268,000
PROJECTED PRICE
$1,860
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$76,770
LOAN DETAILS
$931
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,000 |
| Loan Amount | $201,000 |
5.25
YEARS SAVED
$14,902
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,889
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
1402 Samuel Street Cedar Hill, TX 3
- 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,860
- $0.77
-
231 Trees Drive Cedar Hill, TX 1
- 3 beds 2 baths ∙ 2,242 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,242 Sqft ∙ Built 2001
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,750
- $0.78
-
932 Sleepy Hollow Drive Cedar Hill, TX 2
- 3 beds 3 baths ∙ 2,324 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,324 Sqft ∙ Built 1981
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.77
-
444 Orchard Hill Drive Cedar Hill, TX 4
- 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 1999
LEASED 01/21/21- Rent
- Rent Per SQFT
- $1,900
- $0.77
-
1322 Boyd Street Cedar Hill, TX 5
- 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 1990
LEASED 04/09/20- Rent
- Rent Per SQFT
- $1,995
- $0.80
PROPERTY LISTING DETAILS
Keller Williams Arlington
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14512026
Last Updated: 02/13/2021
