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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $129.08
- 5 Days on Market
- MLS # : 14506310
- Updated Date : 01/27/2021 at 23:18
CONSTRUCTION
- Beds : 3
- Floor Size : 1,960 sqft
- Baths : 2 full
Listing Agent
Fathom Realty
Listing Agent's Description
This home is so peaceful and inviting, you won’t want to leave. The living area features beautiful high ceilings that give an open and airy feel, and a gorgeous fire place for those cold winter nights. This kitchen opens to the living area and features backsplash that makes a statement and counter & cabinet space galore. The master bedroom offers a gorgeous bathroom complete and huge walk-in closet. The master bedroom offers a gorgeous bathroom complete and huge walk-in closet. The back yard offers the perfect space to gather and play. Schedule your showing today!
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: Bradford Park at High Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bradford Park 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 | $1,820 |
| EXPENSES | Loan Payment | -$879 |
| Property Tax | -$575 | |
| Property Insurance | -$140 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$126
|
||
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.
$253,000
PROJECTED PRICE
$1,820
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 10.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$72,795
LOAN DETAILS
$879
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $63,250 |
| Loan Amount | $189,750 |
6.58
YEARS SAVED
$19,988
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,833
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
1538 Summers Drive Cedar Hill, TX 4
- 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,820
- $0.93
-
9724 White Ash Road Dallas, TX 1
- 3 beds 2 baths ∙ 1,889 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,889 Sqft ∙ Built 1978
LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,695
- $0.90
-
227 Breseman Street Cedar Hill, TX 2
- 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 2004
LEASED 11/12/20- Rent
- Rent Per SQFT
- $1,775
- $0.94
-
511 Pinnacle Drive Cedar Hill, TX 3
- 3 beds 2 baths ∙ 2,043 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,043 Sqft ∙ Built 2001
LEASED 01/20/21- Rent
- Rent Per SQFT
- $1,800
- $0.88
-
1631 High Pointe Lane Cedar Hill, TX 5
- 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 1997
LEASED 11/05/20- Rent
- Rent Per SQFT
- $1,900
- $1.02
PROPERTY LISTING DETAILS
Fathom Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14506310
Last Updated: 01/27/2021
