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1622 Tuley Street Cedar Hill, TX 75104

3 Beds 2 Baths 1,292 sqft Built 1987

$210,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $162.54
  • 2 Days on Market
  • MLS # : 14536983
  • Updated Date : 03/20/2021 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,292 sqft
  • Baths : 2 full
Listing Agent

Ultima Real Estate

Listing Agent's Description

Charming house with high vaulted ceilings that allow for a lot of natural light is ready for new home owners. The openness of the living area gives way for gatherings around the gas log fireplace, and conversation with the host cooking up a feast. The master bath feels like a retreat with the deep, jetted tub and dual sinks. Split bedroom configuration, and recently newly installed HVAC. The Cedar Ridge Preserve Trails is just a hop and a skip away, and Cedar Hill Uptown Mall is a short drive away. This home is perfect for a first time home buyer, or investor looking to expand his rental portfolio. Come and take your piece of the Hills, the highest elevations in Dallas County.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Neighborhood: Bradford Park at High Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Bradford Park at High Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9111740

* 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
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$729
Property Tax -$478
Property Insurance -$102
Property Management Fees -$99
CASH FLOW
-$48

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.

$210,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.65%

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) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$5,517

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,279

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,360
1$1,3602$1,3953$1,4504$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 1622 Tuley Street Cedar Hill, TX 1
    • 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $1.05
    •  
  • 9227 Sophora Drive Dallas, TX 2
    • 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1980
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.96
    •  
  • 9804 Sophora Circle Dallas, TX 3
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1978
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.95
    •  
  • 7423 Pineberry Road Dallas, TX 4
    • 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 2006
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.03
    •  
  • 9503 Cutleaf Court Dallas, TX 5
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1980
    LEASED 02/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.02
    •  
PROPERTY LISTING DETAILS
Frank Munoz
Ultima Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536983
Last Updated: 03/20/2021
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