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1546 Regal Bluff Drive Cedar Hill, TX 75104

3 Beds 3 Baths 2,535 sqft Built 2020

$423,488

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $167.06
  • 4 Days on Market
  • MLS # : 14500234
  • Updated Date : 01/14/2021 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,535 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14500234 - Built by First Texas Homes - May completion! ~ Stunning elevation and landscape accents this gorgeous 3 bedroom home with study. The Seville also includes a formal living, dining, and spacious family room. Boasting two and a half bathrooms, awesome California kitchen with butlers pantry, utility room, covered patio, and 3- car garage. Check out the beautiful quartz, granite, tile, and other design features you are sure to love. Bear Creek has exciting amenities, which include a walking trail, covered picnic areas, family play ground area, and beautiful green space. Come view this beautiful home, and check out the awesome Bear Creek Ranch community.

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: Bear Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k259k

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

Neighborhood: Bear Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9452047

* 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
Plummer Elementary School Primary Regular 521 28 5
Permenter Middle School Middle Regular 632 39 4
Permenter Middle School High Regular 632 39 4

Plummer Elementary School

  • Education Level: Primary
  • # of students: 521
  • # of teachers: 28
5
GreatSchools Rating

Permenter Middle School

  • Education Level: Middle
  • # of students: 632
  • # of teachers: 39
4
GreatSchools Rating

Permenter Middle School

  • Education Level: High
  • # of students: 632
  • # of teachers: 39
4
GreatSchools Rating
 

$381,139$465,837$423,488

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,471
Property Tax -$963
Property Insurance -$174
HOA -$48
Property Management Fees -$99
CASH FLOW
-$795

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$423,488

PROJECTED PRICE

$1,960

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 10.4%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,224

INVESTMENT

$114,224

Down Payment
$105,872
Rehab Estimate
$2,000
Closing Costs
$6,352

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,471

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,872
Loan Amount $317,616
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$37

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,977

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,724
1$1,7242$1,7503$1,8954$1,960
$1,960
RENT COMPS ANALYSIS
  • 1546 Regal Bluff Drive Cedar Hill, TX 4
    • 3 beds 3 baths ∙ 2,535 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,535 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.77
    •  
  • 1212 Mcmillan Drive Cedar Hill, TX 1
    • 3 beds 3 baths ∙ 2,214 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,214 Sqft ∙ Built 2004
    property image
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,724
    • $0.78
    •  
  • 1104 Wynnewood Drive Glenn Heights, TX 2
    • 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 2007
    property image
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.79
    •  
  • 1743 Summerwood Lane Cedar Hill, TX 3
    • 4 beds 2 baths ∙ 2,463 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,463 Sqft ∙ Built 2007
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.77
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500234
Last Updated: 01/14/2021
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