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7904 Hill Country Lane Dallas, TX 75249

3 Beds 2 Baths 1,372 sqft Built 1997

$205,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $149.42
  • 4 Days on Market
  • MLS # : 14495243
  • Updated Date : 01/09/2021 at 21:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,372 sqft
  • Baths : 2 full
Listing Agent

Standard Real Estate

Listing Agent's Description

MULTIPLE OFFERS Please submit best offer by Jan.9 at 5pm. This beautiful Mountain Vista home is perfectly situated with views of rolling hills from the backyard! It is just minutes away from the Cedar Ridge Preserve, Cedar Hill shops and restaurants, and has convenient I-20 and HWY 408 access. With 3 bedrooms and 2 bathrooms all boasting abundant natural light, the house lives like a staycation. The open concept living and dining room is great for relaxing alone or entertaining a crowd. Gas fireplace, Hunter programmable sprinkler system, and 2-car attached garage are great additions to this lovely home!

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: Mountain Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Mountain Creek

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
Daniel Intermediate School Middle Regular 658 39 3
Duncanville High School High Regular 3,923 238 3

Hyman Elementary School

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

Daniel Intermediate School

  • Education Level: Middle
  • # of students: 658
  • # of teachers: 39
3
GreatSchools Rating

Duncanville High School

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

$184,500$225,500$205,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$712
Property Tax -$486
Property Insurance -$107
Property Management Fees -$99
CASH FLOW
$86

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.

$205,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.6%
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-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$712

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$14,600

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,293

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,4903$1,4954$1,5505$1,675
$1,675
RENT COMPS ANALYSIS
  • 7904 Hill Country Lane Dallas, TX 2
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $1.09
    •  
  • 7309 Bluestem Road Dallas, TX 1
    • 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1977
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.94
    •  
  • 5908 Firethorn Drive Dallas, TX 3
    • 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1988
    property image
    LEASED 07/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.90
    •  
  • 6815 Rolling Creek Lane Dallas, TX 4
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1988
    property image
    LEASED 08/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 103 S Royal Oak Drive Duncanville, TX 5
    • 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1984
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.99
    •  
PROPERTY LISTING DETAILS
Audrey Lero
Standard Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495243
Last Updated: 01/09/2021
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