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837 Cedar Hill Avenue Dallas, TX 75208

3 Beds 3 Baths 1,709 sqft Built 2016

INVESTimate

$450,000

List Price

$2,380

$2,142 - $2,618

Rent Est.

$500,670  ( +11.26%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $263.31
  • 2 Days on Market
  • MLS # : 14419875
  • Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,709 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Prosper Celina

Listing Agent's Description

A charming craftsman architectural style home combining open living spaces with traditional front porches - a perfect place to enjoy the historic surroundings in the heart of North Oak Cliff with walk-ability to Bishop Arts! This home has a wonderful drive-up exterior with countless energy efficient features including solar panels. You do not want to miss the backyard featuring a heated pool with hydrotherapy jets. Don’t delay missing out on this exceptional home in one of Dallas’ most desirable neighborhoods!

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: Kidd Springs

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $88k423k

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

Neighborhood: Kidd Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9452064

* 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
Rosemont Elementary And International Language Preparatory Middle School Primary Regular 475 29 6
W.e. Greiner Exploratory Arts Academy Middle Magnet 1,542 98 8
Sunset High School High Regular 2,078 123 4

Rosemont Elementary And International Language Preparatory Middle School

  • Education Level: Primary
  • # of students: 475
  • # of teachers: 29
6
GreatSchools Rating

W.e. Greiner Exploratory Arts Academy

  • Education Level: Middle
  • # of students: 1,542
  • # of teachers: 98
8
GreatSchools Rating

Sunset High School

  • Education Level: High
  • # of students: 2,078
  • # of teachers: 123
4
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,660
Property Tax -$1,067
Property Insurance -$126
HOA -$125
Property Management Fees -$99
CASH FLOW
-$697

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.

$450,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.26%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

$2

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $2,559

    COMP ESTIMATED VALUE
  • $1.5

    COMP AVG. RENT PER SQFT
Comps Range
$2,380
1$2,3802$2,5503$2,7004$2,7505$3,200
$3,200
RENT COMPS ANALYSIS
  • 837 Cedar Hill Avenue Dallas, TX 1
    • 3 beds 3 baths ∙ 1,709 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,709 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.39
    •  
  • 619 Buckalew Street Dallas, TX 2
    • 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2017
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.36
    •  
  • 971 Bassett Place Dallas, TX 3
    • 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2015
    property image
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.50
    •  
  • 669 Culpepper Place Dallas, TX 4
    • 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2015
    property image
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.53
    •  
  • 1621 Kyle Avenue Dallas, TX 5
    • 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 2017
    property image
    LEASED 05/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.60
    •  
PROPERTY LISTING DETAILS
Claire Hanks
Keller Williams Prosper Celina
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419875
Last Updated: 08/25/2020
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