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6935 Cedar Knoll Drive Dallas, TX 75236

3 Beds 2 Baths 1,713 sqft Built 1987

$245,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $143.02
  • 4 Days on Market
  • MLS # : 14511827
  • Updated Date : 02/06/2021 at 13:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,713 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

MUST SEE beautifully remodeled single-story in terrific South Dallas location with brick elevation and mature trees! Inside you will find 3 bedrooms, 2 full baths, 2 living and 2 dining spaces that make this home perfect for entertaining, and a 2-car front garage! Upgrades and amenities throughout include gorgeous laminate flooring, neutral paint tones, cozy decorative fireplace, an abundance of natural lighting, and MORE! Kitchen boasts granite countertops with ceramic backsplash, sleek white cabinetry, a new vent hood, and an electric range. Private master suite features a newly remodeled bath. Private patio + cute outdoor living den and a huge yard provide optimal space for entertaining! Make it yours now!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Neighborhood: Cedar Ridge North

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Cedar Ridge North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Hyman Elementary School Primary Regular 560 36 4
Byrd Middle School Middle Regular 786 48 5
Duncanville High School High Regular 3,923 238 3

Hyman Elementary School

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 36
4
GreatSchools Rating

Byrd Middle School

  • Education Level: Middle
  • # of students: 786
  • # of teachers: 48
5
GreatSchools Rating

Duncanville High School

  • Education Level: High
  • # of students: 3,923
  • # of teachers: 238
3
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$851
Property Tax -$581
Property Insurance -$126
Property Management Fees -$99
CASH FLOW
-$67

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.

$245,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.6%
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$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$5,442

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,674

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,5903$1,6004$1,6255$1,700
$1,700
RENT COMPS ANALYSIS
  • 6935 Cedar Knoll Drive Dallas, TX 2
    • 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.93
    •  
  • 6912 Cedar Forest Trail Dallas, TX 1
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1987
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.04
    •  
  • 6751 Cedar Forest Trail Dallas, TX 3
    • 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1990
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.93
    •  
  • 6747 Mountain Cedar Lane Dallas, TX 4
    • 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1989
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.95
    •  
  • 6948 Cedar Knoll Drive Dallas, TX 5
    • 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1986
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.99
    •  
PROPERTY LISTING DETAILS
Sandon Smith
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14511827
Last Updated: 02/06/2021
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