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205 Armstrong Drive Cedar Hill, TX 75104

3 Beds 2 Baths 1,355 sqft Built 1995

$225,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $166.05
  • 1 Days on Market
  • MLS # : 14532601
  • Updated Date : 03/13/2021 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,355 sqft
  • Baths : 2 full
Listing Agent

Alicia Trevino International

Listing Agent's Description

Spacious 3 bedroom, 2 bath, oversized kitchen. Loads of space, split bedroom arrangement. Wood burning fireplace, floors installed 2019, Master bath features, separate tub and shower. The backyard is perfect for huge parties and get togethers!

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: Waterford Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240kPrice in $122k243k

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

Neighborhood: Waterford Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9981756

* 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
Waterford Oaks Elementary School Primary Regular 538 29 4
Bessie Coleman Middle School Middle Regular 588 35 4
Cedar Hill High School High Regular 1,731 105 2

Waterford Oaks Elementary School

  • Education Level: Primary
  • # of students: 538
  • # of teachers: 29
4
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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$782
Property Tax -$512
Property Insurance -$106
Property Management Fees -$99
CASH FLOW
-$18

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.

$225,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.66%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

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$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$8,409

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,362

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,4953$1,5004$1,6255$1,695
$1,695
RENT COMPS ANALYSIS
  • 205 Armstrong Drive Cedar Hill, TX 1
    • 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.09
    •  
  • 602 Springtime Drive Cedar Hill, TX 2
    • 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1980
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.06
    •  
  • 509 Rainier Street Cedar Hill, TX 3
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1986
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.98
    •  
  • 1121 Parker Court Cedar Hill, TX 4
    • 4 beds 3 baths ∙ 1,652 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,652 Sqft ∙ Built 1994
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.98
    •  
  • 1121 Germany Drive Cedar Hill, TX 5
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1994
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.00
    •  
PROPERTY LISTING DETAILS
Alicia Trevino
Alicia Trevino International
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532601
Last Updated: 03/13/2021
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