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813 Clement Drive Cedar Hill, TX 75104

3 Beds 2 Baths 1,902 sqft Built 1987

$260,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $136.70
  • 3 Days on Market
  • MLS # : 14499085
  • Updated Date : 01/16/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,902 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Fully updated and ready to move in 3 bd 2 bath single story home in the heart of cedar hill. Upgraded features include new carpet, new laminate, new HVAC, new water heater, updated foundation and fresh coat of paint. Large accessory unit 15x15 with electric in the back perfect for storage or additional living space. The back yard gazebo and concreted pad will allow the family to get together in the private fenced area. See 3D tour.

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: Stonewood Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Stonewood Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9391740

* 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
Plummer Elementary School Primary Regular 521 28 5
Permenter Middle School Middle Regular 632 39 4
Permenter Middle School High Regular 632 39 4

Plummer Elementary School

  • Education Level: Primary
  • # of students: 521
  • # of teachers: 28
5
GreatSchools Rating

Permenter Middle School

  • Education Level: Middle
  • # of students: 632
  • # of teachers: 39
4
GreatSchools Rating

Permenter Middle School

  • Education Level: High
  • # of students: 632
  • # of teachers: 39
4
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$903
Property Tax -$591
Property Insurance -$137
Property Management Fees -$99
CASH FLOW
$39

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.

$260,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$13,063

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,788

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,7704$1,7755$1,795
$1,795
RENT COMPS ANALYSIS
  • 813 Clement Drive Cedar Hill, TX 3
    • 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.93
    •  
  • 702 Nelson Drive Cedar Hill, TX 1
    • 4 beds 3 baths ∙ 1,761 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,761 Sqft ∙ Built 2002
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
  • 811 Miles Lane Cedar Hill, TX 2
    • 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1991
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
  • 907 Ponds Court Cedar Hill, TX 4
    • 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 1990
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.89
    •  
  • 923 Blewitt Drive Cedar Hill, TX 5
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1987
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.97
    •  
PROPERTY LISTING DETAILS
John Mathew
Exp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14499085
Last Updated: 01/16/2021
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