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6462 Cedar Hollow Drive Dallas, TX 75248

3 Beds 2 Baths 1,574 sqft Built 1980

$279,900

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $177.83
  • 6 Days on Market
  • MLS # : 14494453
  • Updated Date : 01/05/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,574 sqft
  • Baths : 2 full
Listing Agent

Dfw 1% Listings

Listing Agent's Description

HIDDEN GEM IN DALLAS! RARE FIND! Features include a great floor plan with a large split owners retreat. You are just in time to enjoy the nice wood burning fireplace-so cozy for the months to come. This spacious townhome also features a private patio that would be a great place to unwind or just to get some nice outside air. It has an oversized two car garage to protect your cars from the outside elements. This home is perfect for those who enjoy an active lifestyle - gorgeous community pool, walkway and Club House. Close to walking trails, bike trails and great Park and Recreation Center. Minutes from a beautiful dog park. Award winning schools are nearby. Unusually low HOA fees. DON'T WAIT!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Preston Green

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $102k575k

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

Neighborhood: Preston Green

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $8063378

* 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
Brentfield Elementary School Primary Regular 666 40 10
Brentfield Elementary School Middle Regular 666 40 10
Pearce High School High Regular 2,253 144 6

Brentfield Elementary School

  • Education Level: Primary
  • # of students: 666
  • # of teachers: 40
10
GreatSchools Rating

Brentfield Elementary School

  • Education Level: Middle
  • # of students: 666
  • # of teachers: 40
10
GreatSchools Rating

Pearce High School

  • Education Level: High
  • # of students: 2,253
  • # of teachers: 144
6
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$972
Property Tax -$664
Property Insurance -$118
HOA -$155
Property Management Fees -$99
CASH FLOW
-$78

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.

$279,900

PROJECTED PRICE

$1,930

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$972

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,098

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $1,743

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,930
1$1,9302$1,9503$1,9504$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 6462 Cedar Hollow Drive Dallas, TX 1
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.23
    •  
  • 6007 Laurel Oaks Drive Dallas, TX 2
    • 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1977
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.05
    •  
  • 5951 Glen Heather Drive Dallas, TX 3
    • 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 1983
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.13
    •  
  • 6610 Shell Flower Lane Dallas, TX 4
    • 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1978
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.10
    •  
  • 7411 La Bolsa Drive Dallas, TX 5
    • 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 1970 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 1970
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.15
    •  
PROPERTY LISTING DETAILS
Katherine Hubbard
Dfw 1% Listings
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14494453
Last Updated: 01/05/2021
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