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2720 Waters Edge Drive Cedar Hill, TX 75104

5 Beds 5 Baths 3,670 sqft Built 2000

$450,000

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $122.62
  • 3 Days on Market
  • MLS # : 14463686
  • Updated Date : 11/01/2020 at 11:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,670 sqft
  • Baths : 4 full , 1 half
Listing Agent

Jp And Associates Realtors

Listing Agent's Description

Elegant upscale, light & airy, move-in ready 2-story Lake Ridge home on a large lot with mature trees. Large media room, 5 bedrooms and 3 living areas. Second master suite upstairs is large enough to enjoy a nice sitting area. Ample storage and closets. Beautiful crown molding throughout. Fenced private gunite pool visible from first level master suite and formal living area . large, nicely landscaped yards. Plenty of parking and a workshop attached to the extra large 816 sq ft garage. This must see to believe home was carefully designed by the custom builder. The kitchen, main living area, pool and patio are designed for entertaining. Too many additional amenities to list.

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: 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
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$1,660
Property Tax -$1,024
Property Insurance -$239
HOA -$31
Property Management Fees -$99
CASH FLOW
$87

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.

$450,000

PROJECTED PRICE

$3,140

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$5.0k$0.0$5.0k$10k$15k

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$30,517

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,140

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $3,083

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1403$3,1504$3,2005$3,225
$3,225
RENT COMPS ANALYSIS
  • 2720 Waters Edge Drive Cedar Hill, TX 2
    • 5 beds 5 baths ∙ 3,670 Sqft ∙ Built 2000 5 beds 5 baths ∙ 3,670 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,140
    • $0.86
    •  
  • 2781 S Lakeview Drive Cedar Hill, TX 1
    • 4 beds 3 baths ∙ 3,497 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,497 Sqft ∙ Built 1998
    property image
    LEASED 10/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.86
    •  
  • 1611 Mustang Court Cedar Hill, TX 3
    • 5 beds 4 baths ∙ 3,915 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,915 Sqft ∙ Built 2005
    property image
    LEASED 05/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.80
    •  
  • 1553 Cypress Bend Drive Cedar Hill, TX 4
    • 5 beds 5 baths ∙ 3,671 Sqft ∙ Built 1999 5 beds 5 baths ∙ 3,671 Sqft ∙ Built 1999
    property image
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.87
    •  
  • 2726 Fountain View Boulevard Cedar Hill, TX 5
    • 4 beds 4 baths ∙ 3,867 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,867 Sqft ∙ Built 2010
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,225
    • $0.83
    •  
PROPERTY LISTING DETAILS
Cynthia Peterson
Jp And Associates Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463686
Last Updated: 11/01/2020
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