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1402 Samuel Street Cedar Hill, TX 75104

4 Beds 3 Baths 2,422 sqft Built 1986

$268,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
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

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: Sweetbriar at High Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240kPrice in $122k243k

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

Neighborhood: Sweetbriar at High Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10121819

* 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
High Pointe Elementary School Primary Regular 565 30 3
Bessie Coleman Middle School Middle Regular 588 35 4
Cedar Hill High School High Regular 1,731 105 2

High Pointe Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 30
3
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
 

$241,200$294,800$268,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

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

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$200k$400k$600k$800k$1.0M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,770

INVESTMENT

$76,770

Down Payment
$67,000
Rehab Estimate
$5,750
Closing Costs
$4,020

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$931

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,000
Loan Amount $201,000
See What Happens When You Reinvest Cash Flow

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
$1,750
1$1,7502$1,8003$1,8604$1,9005$1,995
$1,995
RENT COMPS ANALYSIS
  • 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
Joan Blinn
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14512026
Last Updated: 02/13/2021
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