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404 Daniel Lane Cedar Hill, TX 75104

3 Beds 2 Baths 1,377 sqft Built 1984

$199,999

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $145.24
  • 5 Days on Market
  • MLS # : 14464998
  • Updated Date : 11/06/2020 at 18:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,377 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Arlington

Listing Agent's Description

Multiple offers received highest and best due by Sunday 11-8-2020 6 PM. Charming well maintained home in Cedar Hill conveniently located with highway access. Over sized backyard, home features beautiful granite counter tops, with stainless steel appliances. This home is in great condition and ready for it's next owner. Will sell quick, bring your family and fall in love. Located within walking distance to historic downtown Cedar Hill with restaurants like Babe's Chicken House and cute coffee shops such as White Rhino.

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: Northwood Trails

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $113k243k

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

Neighborhood: Northwood Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9561740

* 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
Bray Elementary School Primary Regular 301 20 4
Bessie Coleman Middle School Middle Regular 588 35 4
Cedar Hill High School High Regular 1,731 105 2

Bray Elementary School

  • Education Level: Primary
  • # of students: 301
  • # of teachers: 20
4
GreatSchools Rating

Bessie Coleman Middle School

  • Education Level: Middle
  • # of students: 588
  • # of teachers: 35
4
GreatSchools Rating

Cedar Hill High School

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

$179,999$219,999$199,999

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$738
Property Tax -$455
Property Insurance -$107
Property Management Fees -$99
CASH FLOW
$171

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$199,999

PROJECTED PRICE

$1,570

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,000
Loan Amount $149,999
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$27,462

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,415

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,3003$1,4954$1,5005$1,570
$1,570
RENT COMPS ANALYSIS
  • 404 Daniel Lane Cedar Hill, TX 5
    • 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.14
    •  
  • 715 Lisa Lane Cedar Hill, TX 1
    • 3 beds 2 baths ∙ 1,257 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,257 Sqft ∙ Built 1972
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.01
    •  
  • 315 Halifax Court Cedar Hill, TX 2
    • 3 beds 1 baths ∙ 1,246 Sqft ∙ Built 1970 3 beds 1 baths ∙ 1,246 Sqft ∙ Built 1970
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.04
    •  
  • 805 Monique Cedar Hill, TX 3
    • 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1973
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.06
    •  
  • 232 Texas Street Cedar Hill, TX 4
    • 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1964
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.00
    •  
PROPERTY LISTING DETAILS
Navjot Singh
Jp And Associates Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464998
Last Updated: 11/06/2020
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