Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

477 Kenya Street Cedar Hill, TX 75104

3 Beds 2 Baths 1,774 sqft Built 1984

$232,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1984
  • Price/Sqft : $130.78
  • 11 Days on Market
  • MLS # : 14459804
  • Updated Date : 11/01/2020 at 18:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,774 sqft
  • Baths : 2 full
Listing Agent

Texas Ally Real Estate Group

Listing Agent's Description

Situated in the highly desired Cedar Hill area, where everything is within minutes, trendy shopping, Cedar Hill State Park, Audubon Center, Joe Pool lake, major highways...and much more. Fully updated, roof in August 2020, HVAC, Nest Learning Thermostat, and water heater in September 2020. Stainless steel undermount sink, touch activated faucet, granite countertop and eating overhang. New garage door with opener and remotes. Skylight lets sunlight spill onto the brand new master bath, roomy, functional and sleek. Complete rehab list and warranty information is now available on transaction desk. Open to all types of loans. Welcome to all!

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: Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8971740

* 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
Highlands Elementary School Primary Regular 599 30 4
Permenter Middle School Middle Regular 632 39 4
Permenter Middle School High Regular 632 39 4

Highlands Elementary School

  • Education Level: Primary
  • # of students: 599
  • # of teachers: 30
4
GreatSchools Rating

Permenter Middle School

  • Education Level: Middle
  • # of students: 632
  • # of teachers: 39
4
GreatSchools Rating

Permenter Middle School

  • Education Level: High
  • # of students: 632
  • # of teachers: 39
4
GreatSchools Rating
 

$208,800$255,200$232,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$856
Property Tax -$532
Property Insurance -$130
Property Management Fees -$99
CASH FLOW
-$117

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.

$232,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,230

INVESTMENT

$67,230

Down Payment
$58,000
Rehab Estimate
$5,750
Closing Costs
$3,480

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$856

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,000
Loan Amount $174,000
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$3,882

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,601

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,6504$1,6505$1,725
$1,725
RENT COMPS ANALYSIS
  • 477 Kenya Street Cedar Hill, TX 2
    • 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.85
    •  
  • 434 Everest Drive Cedar Hill, TX 1
    • 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1984
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.85
    •  
  • 521 Weaver Street Cedar Hill, TX 3
    • 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 1985
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 506 Kenya Street Cedar Hill, TX 4
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1986
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 810 Weaver Street Cedar Hill, TX 5
    • 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 1989
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.90
    •  
PROPERTY LISTING DETAILS
Minhtam Tran
Texas Ally Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14459804
Last Updated: 11/01/2020
BESbswy