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924 Trailwood Court Cedar Hill, TX 75104

3 Beds 3 Baths 2,469 sqft Built 1996

$449,900

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $182.22
  • 3 Days on Market
  • MLS # : 14480156
  • Updated Date : 12/05/2020 at 14:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,469 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass Re Texas, Llc.

Listing Agent's Description

Stunning Modern Contemporary with Southwestern vibe! This gorgeous and unique home stuns as you enter into the great room with vaulted ceilings and a wall of windows that showcase the incredible views of nature and creek lot. The open floor plan and windows throughout the home create a forest-like setting that has no shortage of natural light, including the serene views from the master suite on the main floor. The kitchen includes a breakfast bar and dining area, which leads to a flex space perfect for an office, formal dining or second living area. The backyard oasis is truly spectacular for outdoor living, including a spacious deck area that leads to a pool with spa and fabulous greenbelt views!

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: Wildwood at Lake Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k367k

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

Neighborhood: Wildwood at Lake Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10123086

* 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
Lake Ridge Elementary School Primary Regular 397 23 5
Permenter Middle School Middle Regular 632 39 4
Permenter Middle School High Regular 632 39 4

Lake Ridge Elementary School

  • Education Level: Primary
  • # of students: 397
  • # of teachers: 23
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
 

$404,910$494,890$449,900

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,660
Property Tax -$1,023
Property Insurance -$170
HOA -$23
Property Management Fees -$99
CASH FLOW
-$635

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.

$449,900

PROJECTED PRICE

$2,340

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.3%
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$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

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 $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$31

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,115

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9003$2,3404$2,495
$2,495
RENT COMPS ANALYSIS
  • 924 Trailwood Court Cedar Hill, TX 3
    • 3 beds 3 baths ∙ 2,469 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,469 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.95
    •  
  • 1217 Cathey Street Cedar Hill, TX 1
    • 3 beds 3 baths ∙ 2,370 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,370 Sqft ∙ Built 2000
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.76
    •  
  • 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
    •  
  • 811 Laurel Hills Court Cedar Hill, TX 4
    • 3 beds 3 baths ∙ 2,525 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,525 Sqft ∙ Built 1996
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.99
    •  
PROPERTY LISTING DETAILS
Kasey Coats
Compass Re Texas, Llc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14480156
Last Updated: 12/05/2020
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