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228 Royal Vista Drive Cedar Hill, TX 75104

5 Beds 5 Baths 4,293 sqft Built 2005

INVESTimate

$749,500

List Price

$3,640

$3,390 - $3,890

Rent Est.

$801,740  ( +6.97%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $174.59
  • 9 Days on Market
  • MLS # : 14406663
  • Updated Date : 08/24/2020 at 14:47
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,293 sqft
  • Baths : 4 full , 1 half
Listing Agent

United Real Estate

Listing Agent's Description

Stunning well appointed home on top of the peak overlooking Joe Pool with gated entrance and stunning views! Gorgeous grounds w sprinklers system, custom steel doors, polished cement stained floors,tons of windows with remote shades, full vaulted living area with fireplace and art walls, gracious kitchen with eat in breakfast area, gourmet style appliances,dual sinks,tons of counter space. A library with coffered ceiling and built ins, owner suite with sitting area, beautiful bathroom with custom vanities, separate shower and walk in closet, media room with dry bar, balconies with views, out door living with fireplace, 3 car garage, separate storage building. Easy access to shopping in The Shops of Cedar Hill!

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: Lake Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k426k

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

Neighborhood: Lake Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10123299

* 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
Lake Ridge Elementary School Primary Regular 397 23 5
Permenter Middle School Middle Regular 632 39 4
Permenter Middle School High Regular 632 39 4

Lake Ridge Elementary School

  • Education Level: Primary
  • # of students: 397
  • # of teachers: 23
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
 

$674,550$824,450$749,500

PURCHASE PRICE

$3,276$4,004$3,640

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,640
EXPENSES Loan Payment -$2,765
Property Tax -$1,705
Property Insurance -$275
HOA -$27
Property Management Fees -$99
CASH FLOW
-$1,231

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.

$749,500

PROJECTED PRICE

$3,640

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.97%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,368

INVESTMENT

$204,368

Down Payment
$187,375
Rehab Estimate
$5,750
Closing Costs
$11,243

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,765

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,375
Loan Amount $562,125
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$7

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,640

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $3,578

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,4003$3,6404$4,300
$4,300
RENT COMPS ANALYSIS
  • 228 Royal Vista Drive Cedar Hill, TX 3
    • 5 beds 5 baths ∙ 4,293 Sqft ∙ Built 2005 5 beds 5 baths ∙ 4,293 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $3,640
    • $0.85
    •  
  • 2746 Fountain View Boulevard Cedar Hill, TX 1
    • 5 beds 5 baths ∙ 4,639 Sqft ∙ Built 2007 5 beds 5 baths ∙ 4,639 Sqft ∙ Built 2007
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.69
    •  
  • 2714 Point View Cedar Hill, TX 2
    • 4 beds 4 baths ∙ 4,208 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,208 Sqft ∙ Built 2006
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.81
    •  
  • 2125 Grand View Court Cedar Hill, TX 4
    • 4 beds 4 baths ∙ 4,280 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,280 Sqft ∙ Built 2005
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.00
    •  
PROPERTY LISTING DETAILS
Christina Bristow
United Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14406663
Last Updated: 08/24/2020
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