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1719 Stewart Street Cedar Hill, TX 75104

3 Beds 2 Baths 1,667 sqft Built 1996

$220,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $131.97
  • 3 Days on Market
  • MLS # : 14517433
  • Updated Date : 02/13/2021 at 17:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,667 sqft
  • Baths : 2 full
Listing Agent

United Real Estate

Listing Agent's Description

MULTIPLE OFFERS RECEIVED: Highest and best deadline Monday 6:00 PM. Beautiful 3 bedroom 2 bath home in a great location. Large master bedroom with walk in closet, garden tub and separate shower. This home has been extensively updated with wood-look laminate flooring in all main areas of the home except bedrooms, new carpet in all bedrooms, fresh paint inside and outside, new SS stove, dishwasher and microwave, new ceiling fans in all bedrooms and family room, new 2 inch blinds, new light fixtures throughout the home. Only minutes to Joe Pool Lake. Roof and fence only 2 years old.

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: Braeglen at Highpointe

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Braeglen at Highpointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9271740

* 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
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$764
Property Tax -$500
Property Insurance -$124
Property Management Fees -$99
CASH FLOW
$73

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.

$220,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.71%

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$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$14,125

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,667

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5503$1,5604$1,6005$1,900
$1,900
RENT COMPS ANALYSIS
  • 1719 Stewart Street Cedar Hill, TX 3
    • 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.94
    •  
  • 1806 Straus Road Cedar Hill, TX 1
    • 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1997
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.95
    •  
  • 7458 Emory Oak Lane Dallas, TX 2
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1979
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.99
    •  
  • 1619 Chapman Street Cedar Hill, TX 4
    • 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1990
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.04
    •  
  • 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
    property image
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
PROPERTY LISTING DETAILS
Wanda Russell
United Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517433
Last Updated: 02/13/2021
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