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733 Walnut Ridge Court Cedar Hill, TX 75104

3 Beds 3 Baths 2,300 sqft Built 1999

INVESTimate

$333,000

List Price

$2,100

$1,890 - $2,310

Rent Est.

$367,765  ( +10.44%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $144.78
  • 5 Days on Market
  • MLS # : 14417945
  • Updated Date : 08/25/2020 at 13:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,300 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fathom Realty

Listing Agent's Description

Check out this three bedroom two and a half bath home nestled among the trees in a quiet, tucked away community of Cedar Hill. It’s like being at a mountain retreat with nearby city amenities at hand. This GEM of a home has been well maintained! It offers a great layout with an eat-in kitchen that features granite countertops, SS appliances, and tile backsplash. Live worry free with the newer roof, electrical and plumbing.The HVAC was also replaced in 2020. Enjoy spectacular views of Joe Pool Lake as you relax on your patio off the living space or the upstairs bedroom balcony. Come take a look and fall in love with the location and scenery. Oh and did I mention...There’s no Mandatory HOA!

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: Wood Ridge Country Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $122k303k

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

Neighborhood: Wood Ridge Country Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10122257

* 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
Bray Elementary School Primary Regular 301 20 4
Bessie Coleman Middle School Middle Regular 588 35 4
Cedar Hill High School High Regular 1,731 105 2

Bray Elementary School

  • Education Level: Primary
  • # of students: 301
  • # of teachers: 20
4
GreatSchools Rating

Bessie Coleman Middle School

  • Education Level: Middle
  • # of students: 588
  • # of teachers: 35
4
GreatSchools Rating

Cedar Hill High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 105
2
GreatSchools Rating
 

$299,700$366,300$333,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,229
Property Tax -$757
Property Insurance -$160
Property Management Fees -$99
CASH FLOW
-$145

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$333,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.44%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,995

INVESTMENT

$93,995

Down Payment
$83,250
Rehab Estimate
$5,750
Closing Costs
$4,995

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,229

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,250
Loan Amount $249,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,232

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,886

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9003$1,9954$2,1005$2,350
$2,350
RENT COMPS ANALYSIS
  • 733 Walnut Ridge Court Cedar Hill, TX 4
    • 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.91
    •  
  • 932 Sleepy Hollow Drive Cedar Hill, TX 1
    • 3 beds 3 baths ∙ 2,324 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,324 Sqft ∙ Built 1981
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.77
    •  
  • 721 Wood Ridge Drive Cedar Hill, TX 2
    • 3 beds 2 baths ∙ 2,325 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,325 Sqft ∙ Built 1979
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.82
    •  
  • 1322 Boyd Street Cedar Hill, TX 3
    • 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 1990
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.80
    •  
  • 517 Copeland Drive Cedar Hill, TX 5
    • 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 1993
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.89
    •  
PROPERTY LISTING DETAILS
Kristen Jackson
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417945
Last Updated: 08/25/2020
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