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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $122.21
- 3 Days on Market
- MLS # : 14471889
- Updated Date : 11/21/2020 at 14:04
CONSTRUCTION
- Beds : 3
- Floor Size : 1,783 sqft
- Baths : 2 full
Listing Agent
Citiwide Properties Corp.
Listing Agent's Description
****Multiple Offers Received - Best and Final Due by 11.22.20 by 7pm**** well kept starter home perfect for a family or someone looking to downsize but maintain a home with character and room for growth. Home offers a media room that can also be used as a study. Split bedroom concept with open floor plan. Covered patio allows for the perfect backyard oasis. NO SHOWINGS BEFORE 11-21 Seller does not have a survey OPEN HOUSE SAT NOVEMBER 21 1P-4P BRING YOUR BUYERS
SEE MORE
- 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 Trail Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cedar Trail Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$804 |
| Property Tax | -$496 | |
| Property Insurance | -$130 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$31
|
||
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.
$217,900
PROJECTED PRICE
$1,560
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 10.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$63,494
LOAN DETAILS
$804
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $54,475 |
| Loan Amount | $163,425 |
5.08
YEARS SAVED
$13,323
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,680
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
713 Tranquility Lane Cedar Hill, TX 1
- 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,560
- $0.87
-
803 Parkside Drive Cedar Hill, TX 2
- 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 2001
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,595
- $0.90
-
917 Red Oak Trail Cedar Hill, TX 3
- 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 2003
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,599
- $0.92
-
425 Leisure Drive Cedar Hill, TX 4
- 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2001
LEASED 04/27/20- Rent
- Rent Per SQFT
- $1,600
- $0.97
-
827 Ash Lane Cedar Hill, TX 5
- 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2003
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,750
- $0.98
PROPERTY LISTING DETAILS
Citiwide Properties Corp.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14471889
Last Updated: 11/21/2020
