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444 Maplegrove Road 
Cedar Hill, TX
75104
3 Beds 2 Baths 1,555 sqft
Built 2000
INVESTimate
$239,000
List Price
$69,085
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PROPERTY INFO
FACTS
- Built In 2000
- Price/Sqft : $153.70
- 3 Days on Market
- MLS # : 14420014
- Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,555 sqft
- Baths : 2 full
Listing Agent
Fathom Realty
- . 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: Heritage
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Heritage
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,460 |
| EXPENSES | Loan Payment | -$882 |
| Property Tax | -$544 | |
| Property Insurance | -$117 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$181
|
||
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.
$239,000
PROJECTED PRICE
$1,460
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 10.44% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,085
LOAN DETAILS
$882
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,750 |
| Loan Amount | $179,250 |
1.25
YEARS SAVED
$1,759
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,460
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,466
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
444 Maplegrove Road Cedar Hill, TX 2
- 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,460
- $0.94
-
231 High Pointe Lane Cedar Hill, TX 1
- 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1989
LEASED 03/05/20- Rent
- Rent Per SQFT
- $1,450
- $0.89
-
238 High Pointe Lane Cedar Hill, TX 3
- 3 beds 3 baths ∙ 1,618 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,618 Sqft ∙ Built 1994
LEASED 05/23/20- Rent
- Rent Per SQFT
- $1,500
- $0.93
-
432 Beard Drive Cedar Hill, TX 4
- 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 1996
LEASED 04/10/20- Rent
- Rent Per SQFT
- $1,550
- $0.93
-
1120 Canyon Ridge Cedar Hill, TX 5
- 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2000
LEASED 10/17/19- Rent
- Rent Per SQFT
- $1,750
- $1.02
PROPERTY LISTING DETAILS
Fathom Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420014
Last Updated: 08/25/2020
