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820 Shadyridge Drive Cedar Hill, TX 75104

3 Beds 3 Baths 2,458 sqft Built 1998

$369,500

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $150.33
  • 5 Days on Market
  • MLS # : 14511964
  • Updated Date : 02/06/2021 at 09:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,458 sqft
  • Baths : 2 full , 1 half
Listing Agent

All City Real Estate, Ltd Co

Listing Agent's Description

**HIGHEST AND BEST BY 5 PM today, February 6** NO MORE SHOWINGS. Pandemic? No worries at this gorgeous Mediterranean Oasis with amazing & breathtaking lake views of Joe Pool Lake. Open concept that connects the kitchen & living room with high ceilings & ceiling to floor wall of windows that offers amazing views and natural sunlight. Beautiful gourmet kitchen with stainless steel appliances, abundant custom cabinetry and cozy dining area; perfect for entertaining or a fun family night at home. If outdoor living is your thing, then this is your dream home! Day or night, whether you are on the veranda, wrap around covered patio or master bedroom balcony, you can relax and enjoy beautiful lake views.

SEE MORE

MARKET HIGHLIGHTS

  • 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)

PRICE & RENT TRENDS

Neighborhood: Wood Ridge West

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Wood Ridge West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10122199

* 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
 

$332,550$406,450$369,500

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,283
Property Tax -$840
Property Insurance -$169
Property Management Fees -$99
CASH FLOW
-$272

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.

$369,500

PROJECTED PRICE

$2,120

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 10.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

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-$8.0k-$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,668

INVESTMENT

$103,668

Down Payment
$92,375
Rehab Estimate
$5,750
Closing Costs
$5,543

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,283

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,375
Loan Amount $277,125
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,952

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,958

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9003$1,9954$2,120
$2,120
RENT COMPS ANALYSIS
  • 820 Shadyridge Drive Cedar Hill, TX 4
    • 3 beds 3 baths ∙ 2,458 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,458 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.86
    •  
  • 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
    •  
PROPERTY LISTING DETAILS
Jennifer Kell
All City Real Estate, Ltd Co
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14511964
Last Updated: 02/06/2021
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