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1413 Bosher Drive Cedar Hill, TX 75104

4 Beds 3 Baths 2,765 sqft Built 1996

$299,900

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $108.46
  • 2 Days on Market
  • MLS # : 14467470
  • Updated Date : 11/07/2020 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,765 sqft
  • Baths : 2 full , 1 half
Listing Agent

Anthony Long Realty

Listing Agent's Description

Super Versatile 4 bedroom Home with Contemporary updates. Classy Formal areas abundance of natural light Spacious 2nd living area inviting fireplace adjacent to spacious breakfast nook with bay windows open view of Gorgeous contemporary Island kitchen completely updated counters, cabinets, appliances, light fixtures and more. Freshly painted through out. Upstairs offers an absolutely luxurious master offering fireplace, sitting area, contemporary sinks bath with updated shower, counters, flooring, face bowls, light fixtures and more. 3 secondary bedrooms recently replaced carpet and ceiling fans in each. This a must see with great versatility large yard. Home ideally located near schools, shops and parks.

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: Meadows at High Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240kPrice in $122k243k

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

Neighborhood: Meadows at High Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10121864

* 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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,107
Property Tax -$682
Property Insurance -$187
Property Management Fees -$99
CASH FLOW
-$145

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.

$299,900

PROJECTED PRICE

$1,930

PROJECTED RENT

0.64%

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

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$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$5,580

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,970

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,8753$1,8954$1,9305$2,095
$2,095
RENT COMPS ANALYSIS
  • 1413 Bosher Drive Cedar Hill, TX 4
    • 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.70
    •  
  • 447 Maplegrove Road Cedar Hill, TX 1
    • 3 beds 3 baths ∙ 2,425 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,425 Sqft ∙ Built 2000
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.71
    •  
  • 436 Orchard Hill Drive Cedar Hill, TX 2
    • 4 beds 4 baths ∙ 2,733 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,733 Sqft ∙ Built 1999
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.69
    •  
  • 1359 White Tail Ridge Cedar Hill, TX 3
    • 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 2006
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.69
    •  
  • 436 Sugar Mill Road Cedar Hill, TX 5
    • 4 beds 3 baths ∙ 2,751 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,751 Sqft ∙ Built 1998
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.76
    •  
PROPERTY LISTING DETAILS
Anthony Long
Anthony Long Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467470
Last Updated: 11/07/2020
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