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1534 Hamilton Drive Cedar Hill, TX 75104

4 Beds 3 Baths 2,808 sqft Built 2004

$309,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $110.04
  • 6 Days on Market
  • MLS # : 14498547
  • Updated Date : 01/14/2021 at 11:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,808 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

IMPRESSIVE CORNER LOT HOME IN A CUL DE SAC WITH 4 BEDROOMS AND 2.5 BATHROOMS! This home is situated on over a third-acre lot with a greenbelt view from the front door. The two-story foyer welcomes you as you enter this beautiful home that features gleaming wood type floors from the entry to the living room and arched walkways enhance the character of the home. The chef-friendly kitchen is a welcoming treat with Italian marble flooring, stainless steel appliances, and a huge island. The Texas-sized backyard provides plenty of room for a pool and to make all of your backyard dreams come true! Buyer & Buyer Agent to verify all info including, but not limited to, room dimensions, features, schools.

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: 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
 

$278,100$339,900$309,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,073
Property Tax -$703
Property Insurance -$189
HOA -$13
Property Management Fees -$99
CASH FLOW
-$207

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.

$309,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.61%

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

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$87,635

INVESTMENT

$87,635

Down Payment
$77,250
Rehab Estimate
$5,750
Closing Costs
$4,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,073

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,250
Loan Amount $231,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,048

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,008

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,870
1$1,8702$1,8753$1,8954$2,0955$2,150
$2,150
RENT COMPS ANALYSIS
  • 1534 Hamilton Drive Cedar Hill, TX 1
    • 4 beds 3 baths ∙ 2,808 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,808 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.67
    •  
  • 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 4
    • 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
    •  
  • 222 Breseman Street Cedar Hill, TX 5
    • 4 beds 3 baths ∙ 3,006 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,006 Sqft ∙ Built 2003
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.72
    •  
PROPERTY LISTING DETAILS
Wendy Galloway
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14498547
Last Updated: 01/14/2021
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