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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $135.14
- 3 Days on Market
- MLS # : 14500140
- Updated Date : 01/15/2021 at 20:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,591 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Ready for move in! This amazing home is located in the Highlands of Cedar Hill. Home featurea vaulted ceilings in the living and dinning areas. The laundry room is located just off of the over-sized kitchen Updates include fresh interior paint and recentlly installed luxury vinyl plank in the main living areas and office. The bedrooms and sunroom feature recently installed carpeting. The kitchen features updated subway tile backsplash. The furance and interior hvac unit were replaced in August of 2020. The roof was replaced in 2019.
SEE MORE
- . 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: Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$747 |
| Property Tax | -$489 | |
| Property Insurance | -$119 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$56
|
||
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.
$215,000
PROJECTED PRICE
$1,510
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 9.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$62,725
LOAN DETAILS
$747
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $53,750 |
| Loan Amount | $161,250 |
5.42
YEARS SAVED
$12,621
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,519
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
328 Sims Drive Cedar Hill, TX 2
- 3 beds 3 baths ∙ 1,591 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,591 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,510
- $0.95
-
509 Rainier Street Cedar Hill, TX 1
- 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
-
817 Bailey Drive Cedar Hill, TX 3
- 4 beds 2 baths ∙ 1,591 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,591 Sqft ∙ Built 1986
LEASED 01/16/20- Rent
- Rent Per SQFT
- $1,525
- $0.96
-
312 Stringer Drive Cedar Hill, TX 4
- 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 1994
LEASED 03/16/20- Rent
- Rent Per SQFT
- $1,545
- $0.94
-
534 Sims Drive Cedar Hill, TX 5
- 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1987
LEASED 01/07/21- Rent
- Rent Per SQFT
- $1,550
- $0.94
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14500140
Last Updated: 01/15/2021
