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312 Birchwood Lane Cedar Hill, TX 75104

4 Beds 3 Baths 2,683 sqft Built 1997

$269,900

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $100.60
  • 3 Days on Market
  • MLS # : 14508787
  • Updated Date : 01/28/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,683 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Sanders Realty Group

Listing Agent's Description

This property will not last! Vacant and ready for new owners. 4 bedrooms or three bedrooms with a bonus room, 2.5 bathrooms, 2 living rooms, 2 dining areas, updated master shower, large master closet, large kitchen island, and a large backyard. Established Cedar Hill community minutes to downtown, minutes to Lakeridge Lake and Parks, minutes to dining and shopping. See you soon. Verify all information.

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: Windsor Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Windsor Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451770

* 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
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

Cedar Hill High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 105
2
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$937
Property Tax -$614
Property Insurance -$182
Property Management Fees -$99
CASH FLOW
$157

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.

$269,900

PROJECTED PRICE

$1,990

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 10.7%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$22,937

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,992

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8953$1,8954$1,9905$2,000
$2,000
RENT COMPS ANALYSIS
  • 312 Birchwood Lane Cedar Hill, TX 4
    • 4 beds 3 baths ∙ 2,683 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,683 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.74
    •  
  • 1029 Magnolia Lane Cedar Hill, TX 1
    • 4 beds 3 baths ∙ 2,554 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,554 Sqft ∙ Built 2000
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.70
    •  
  • 716 Bishop Street Cedar Hill, TX 2
    • 5 beds 3 baths ∙ 2,454 Sqft ∙ Built 1986 5 beds 3 baths ∙ 2,454 Sqft ∙ Built 1986
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.77
    •  
  • 301 Sandlewood Lane Cedar Hill, TX 3
    • 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1998
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.72
    •  
  • 325 Wedgewood Lane Cedar Hill, TX 5
    • 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 1999
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.78
    •  
PROPERTY LISTING DETAILS
Pamela Sanders
The Sanders Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508787
Last Updated: 01/28/2021
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