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810 Clover Hill Lane Cedar Hill, TX 75104

3 Beds 2 Baths 1,800 sqft Built 1987

$249,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $138.83
  • 2 Days on Market
  • MLS # : 14481931
  • Updated Date : 12/05/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,800 sqft
  • Baths : 2 full
Listing Agent

Huggins Realty

Listing Agent's Description

Recently renovated open floor plan with large airy open living spaces with lots light. Tons of upgrades including, but not limited to: granite countertops, HVAC installed Oct 20', stonework at fireplaces, replaced all switches & outlets, baseboards (see attached upgrade doc for complete list). Easy to clean tile floors throughout, fresh paint, updated designer lighting & ceiling fans. Kitchen updated with new shaker doors, stainless bar hardware, custom island with stone finish, subway tile backsplash and just installed appliances. Master suite features floor to ceiling windows, see-thru fireplace to updated ensuite bath with walk-in closet. Enjoy the patio off back living area & mature trees in back yard.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: Shadybrook

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Shadybrook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9021740

* 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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$922
Property Tax -$568
Property Insurance -$131
Property Management Fees -$99
CASH FLOW
-$161

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.

$249,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.1%
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-$6.0k-$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$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,702

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
  • $1,562

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5603$1,5954$1,6995$1,795
$1,795
RENT COMPS ANALYSIS
  • 810 Clover Hill Lane Cedar Hill, TX 2
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.87
    •  
  • 843 Twilight Drive Cedar Hill, TX 1
    • 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1976
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.87
    •  
  • 1507 Baker Drive Cedar Hill, TX 3
    • 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 2003
    property image
    LEASED 06/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.86
    •  
  • 1402 Baker Drive Cedar Hill, TX 4
    • 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 1987
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.90
    •  
  • 1423 Holveck Drive Cedar Hill, TX 5
    • 3 beds 3 baths ∙ 2,142 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,142 Sqft ∙ Built 1988
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
PROPERTY LISTING DETAILS
Kenneth Huggins
Huggins Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481931
Last Updated: 12/05/2020
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