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3125 Tina Street Sachse, TX 75048

3 Beds 2 Baths 1,318 sqft Built 1984

$235,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $178.30
  • 6 Days on Market
  • MLS # : 14506650
  • Updated Date : 01/29/2021 at 23:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,318 sqft
  • Baths : 2 full
Listing Agent

Rogers Healy And Associates

Listing Agent's Description

Nice three bedroom, two bath single-story property for sale in the quiet North Hills Estates neighborhood of Sachse, TX! BRAND NEW ROOF + all NEW CARPET in bedrooms. This cozy home provides just the right space. Granite countertops in kitchen, hardwood flooring in living area with fireplace. Spacious primary bedroom with ensuite bath featuring dual sinks, abundance of counter space and vanity area, tub and separate shower. Nice size secondary bedrooms and a large backyard with plenty of room for outdoor activities or just plain relaxing. Covered patio perfect for a grill or lounge chairs. Come see this one! **MULTIPLE OFFERS RECEIVED, HIGHEST AND BEST DEADLINE FRIDAY, JAN 29TH BY 9PM**

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: North Hills Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $98k303k

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

Neighborhood: North Hills Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10151970

* 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
Hillside Academy For Excel Primary Magnet 463 29 10
Classical Center At Brandenburg Middle School Middle Magnet 1,158 64 8
Sachse High School High Regular 2,859 159 7

Hillside Academy For Excel

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
GreatSchools Rating

Classical Center At Brandenburg Middle School

  • Education Level: Middle
  • # of students: 1,158
  • # of teachers: 64
8
GreatSchools Rating

Sachse High School

  • Education Level: High
  • # of students: 2,859
  • # of teachers: 159
7
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$816
Property Tax -$555
Property Insurance -$103
Property Management Fees -$99
CASH FLOW
-$94

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$235,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$4,237

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,479

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,5503$1,5504$1,5955$1,600
$1,600
RENT COMPS ANALYSIS
  • 3125 Tina Street Sachse, TX 1
    • 3 beds 2 baths ∙ 1,318 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,318 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.12
    •  
  • 2517 Mcdearmon Street Sachse, TX 2
    • 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1985
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.17
    •  
  • 3136 Tina Street Sachse, TX 3
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1984
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.12
    •  
  • 6908 Todd Lane Sachse, TX 4
    • 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 1997
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.09
    •  
  • 3729 6th Street Sachse, TX 5
    • 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 1984
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.11
    •  
PROPERTY LISTING DETAILS
Kelsey Faires
Rogers Healy And Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14506650
Last Updated: 01/29/2021
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