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7625 Cedar Elm Drive Irving, TX 75063

4 Beds 4 Baths 4,116 sqft Built 1990

$555,500

List Price

$3,330

$3.1K - $3.6K

Rent Est.

$152,958

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+3.0%)
1 YR. PROJ. APPRECIATION


Cap Rate	2.5%
Cash Flow	-$5,028
Value Increase	$16,669

10 YEAR

Cash On Cash	-5.8%
Total Return	5.5%

PROPERTY INFO

November 29, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 1990
Price/Sqft : $134.96
1 Days on Market
MLS # : 14478195
Updated Date : 11/28/2020 at 20:00

CONSTRUCTION

Beds : 4
Floor Size : 4,116 sqft
Baths : 3 full , 1 half

Listing Agent

Vm Brokerage, Llc

Listing Agent's Description

Don't miss this beautiful sought after home in the Hackberry Creek neighborhood in Las Colinas. Within a gated and guarded Golf Course Community. Two story floor plan with spacious formal. Tall ceilings and built-ins. Enjoy Hackberry Creek's Amenities. VACANT and ready to show and sell. Motivated Seller! CALL JULIE PATEL (Owner) for Showing Instructions (817) 437-4576

1 of 22 X

MARKET HIGHLIGHTS

Dallas Market Report

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)

Neighborhood: Hackberry Creek Estates

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

Neighborhood: Hackberry Creek Estates

* 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
Las Colinas Elementary School	Primary	Regular	592	32	9
Barbara Bush Middle School	Middle	Regular	672	44	4
Ranchview High School	High	Regular	843	56	5

Las Colinas Elementary School

Education Level: Primary
# of students: 592
# of teachers: 32

GreatSchools Rating

Barbara Bush Middle School

Education Level: Middle
# of students: 672
# of teachers: 44

GreatSchools Rating

Ranchview High School

Education Level: High
# of students: 843
# of teachers: 56

GreatSchools Rating

FINANCIALS

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$499,950$611,05000$555,500

PURCHASE PRICE

$2,997$3,66300$3,330

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$3,330
EXPENSES	Loan Payment	-$2,050
	Property Tax	-$1,228
	Property Insurance	-$265
	HOA	-$108
	Property Management Fees	-$99



CASH FLOW -$419

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.

$555,500

PROJECTED PRICE

$3,330

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.94%
Appreciation Year (1-5)	3.0%
Maintenance Year (1-5)	8.00%
Vacancy	6.93%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$152,958

Down Payment	$138,875
Rehab Estimate	$5,750
Closing Costs	$8,333

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,050

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$138,875
Loan Amount	$416,625

See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,658

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$3,330
LIST RENT
$0.81
LIST RENT PER SQFT

$3,499
COMP ESTIMATED VALUE
$0.85
COMP AVG. RENT PER SQFT

Comps Range

$3,299

1$3,2992$3,3303$3,5004$3,5005$3,600

$3,600

RENT COMPS ANALYSIS

4,116
PROPERTY SQFT
$0.85
AVG RENT PER SQFT
$3,499
ESTIMATED VALUE
$3,330
LIST RENT

7625 Cedar Elm Drive Irving, TX 3

4 beds 4 baths ∙ 4,116 Sqft ∙ Built 1990 4 beds 4 baths ∙ 4,116 Sqft ∙ Built 1990
Price

Price Per SQFT

$555,500

$134.96
2107 Shumard Oak Lane Irving, TX 1

5 beds 4 baths ∙ 4,260 Sqft ∙ Built 1989 5 beds 4 baths ∙ 4,260 Sqft ∙ Built 1989
SOLD 03/23/20
Price

Price Per SQFT

$490,000

$115.02
2105 Texas Ash Drive Irving, TX 2

5 beds 4 baths ∙ 4,213 Sqft ∙ Built 1990 5 beds 4 baths ∙ 4,213 Sqft ∙ Built 1990
SOLD 03/23/20
Price

Price Per SQFT

$532,000

$126.28
2219 Creekside Circle Irving, TX 4

4 beds 4 baths ∙ 3,982 Sqft ∙ Built 1987 4 beds 4 baths ∙ 3,982 Sqft ∙ Built 1987
SOLD 11/17/20
Price

Price Per SQFT

$569,500

$143.02
1920 Shumard Oak Lane Irving, TX 5

4 beds 4 baths ∙ 4,237 Sqft ∙ Built 1996 4 beds 4 baths ∙ 4,237 Sqft ∙ Built 1996
SOLD 11/23/20
Price

Price Per SQFT

$650,000

$153.41

7625 Cedar Elm Drive Irving, TX 2

4 beds 4 baths ∙ 4,116 Sqft ∙ Built 1990 4 beds 4 baths ∙ 4,116 Sqft ∙ Built 1990
Rent

Rent Per SQFT

$3,330

$0.81
8706 Lohr Valley Road Irving, TX 1

4 beds 4 baths ∙ 3,867 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,867 Sqft ∙ Built 2007
LEASED 01/24/20
Rent

Rent Per SQFT

$3,299

$0.85
7601 Primrose Drive Irving, TX 3

4 beds 4 baths ∙ 4,147 Sqft ∙ Built 1992 4 beds 4 baths ∙ 4,147 Sqft ∙ Built 1992
LEASED 03/16/20
Rent

Rent Per SQFT

$3,500

$0.84
7416 Bradford Pear Drive Irving, TX 4

5 beds 4 baths ∙ 4,007 Sqft ∙ Built 1996 5 beds 4 baths ∙ 4,007 Sqft ∙ Built 1996
LEASED 03/15/20
Rent

Rent Per SQFT

$3,500

$0.87
2212 Clearspring Drive Irving, TX 5

4 beds 4 baths ∙ 4,267 Sqft ∙ Built 1998 4 beds 4 baths ∙ 4,267 Sqft ∙ Built 1998
LEASED 10/15/20
Rent

Rent Per SQFT

$3,600

$0.84

PROPERTY LISTING DETAILS

Vishal Makan
Vm Brokerage, Llc

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478195
Last Updated: 11/28/2020

7625 Cedar Elm Drive Irving, TX 75063

$555,500

$3,330

$152,958

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Las Colinas Elementary School

Barbara Bush Middle School

Ranchview High School

FINANCIALS

$499,950$611,05000$555,500

$2,997$3,66300$3,330

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$555,500

$3,330

0.60%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$2,050

1.17

$3,658

$555,500

$134.96

$553,324

$134.43

COMPS RANGE

PRICE COMPS ANALYSIS

$3,330

$0.81

$3,499

$0.85

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS