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332 Windy Meadow Drive Cedar Hill, TX 75104

4 Beds 3 Baths 3,000 sqft Built 2000

$450,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $150.00
  • 5 Days on Market
  • MLS # : 14501245
  • Updated Date : 02/10/2021 at 12:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,000 sqft
  • Baths : 3 full
Listing Agent

Ready Real Estate

Listing Agent's Description

This beautiful custom one owner home has been well taken care of and will wow you with its wrap around large front porch on over an acre. Walk into the spacious living room with beautiful fireplace. The master bedroom is on the first floor with french doors and large master bathroom and walk in closet. On the other side of the house, two more bedrooms and full bath. Enjoy the kitchen with an island and very large nook for lots of family and guests. Go upstairs to a huge bedroom or second living space with a walk out balcony and full bath. The backyard has lots of space for gardening, children, or both. There is a large 23 x 12 shed for storage. Stony Creek Estates is a beautiful community you wont want to miss

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: Stoney Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $88k285k

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

Neighborhood: Stoney Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9451988

* 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
Plummer Elementary School Primary Regular 521 28 5
Cedar Hill High School High Regular 1,731 105 2

Plummer Elementary School

  • Education Level: Primary
  • # of students: 521
  • # of teachers: 28
5
GreatSchools Rating

Cedar Hill High School

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

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

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,563
Property Tax -$1,024
Property Insurance -$201
Property Management Fees -$99
CASH FLOW
-$716

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

$2,170

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 10.4%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

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 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
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.

  • $2,170

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,235

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8453$1,9994$2,1705$2,500
$2,500
RENT COMPS ANALYSIS
  • 332 Windy Meadow Drive Cedar Hill, TX 4
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.72
    •  
  • 1331 Flagstone Cedar Hill, TX 1
    • 3 beds 3 baths ∙ 2,765 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,765 Sqft ∙ Built 2006
    LEASED 10/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.65
    •  
  • 445 Capricorn Street Cedar Hill, TX 2
    • 4 beds 3 baths ∙ 2,685 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,685 Sqft ∙ Built 1998
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.69
    •  
  • 1307 Foster Street Cedar Hill, TX 3
    • 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 2006
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.73
    •  
  • 726 Cross Creek Drive Cedar Hill, TX 5
    • 5 beds 3 baths ∙ 2,740 Sqft ∙ Built 2011 5 beds 3 baths ∙ 2,740 Sqft ∙ Built 2011
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.91
    •  
PROPERTY LISTING DETAILS
Suzanne Mardock
Ready Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14501245
Last Updated: 02/10/2021
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