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PROPERTY INFO
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
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stoney Creek Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$125,000
LOAN DETAILS
$1,563
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
-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
-
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
Ready Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14501245
Last Updated: 02/10/2021
