Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3402 Thunder Drive Sachse, TX 75048

4 Beds 3 Baths 2,249 sqft Built 2016

$389,999

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $173.41
  • 2 Days on Market
  • MLS # : 14497122
  • Updated Date : 01/09/2021 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,249 sqft
  • Baths : 3 full
Listing Agent

Avignon Realty

Listing Agent's Description

Beautiful 1 story corner lot home. Marbles Floor Throughout. All Bathrooms feature traditional Marble Walk-In Design & bathtubs. Modern Kitchen with open concept to spacious Family Room. Lots of Cabinet Spaces including Double Pantries in the kitchen area. Huge Backyard, Covered Patio, Outdoor Kitchen. Lots of parking spaces. Near and easy to access PGB Turnpike, HW75 & 635. Walking distance to Elementary ,Middle & High School. Current tenant lease agreement will end in May,2021.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Jackson Hill

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k348k

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

Neighborhood: Jackson Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000Rent in $11262068

* 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
 

$350,999$428,999$389,999

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,355
Property Tax -$922
Property Insurance -$157
HOA -$42
Property Management Fees -$99
CASH FLOW
-$564

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.

$389,999

PROJECTED PRICE

$2,010

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.1%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,500
Loan Amount $292,499
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$5

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,979

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8953$1,9504$2,0005$2,010
$2,010
RENT COMPS ANALYSIS
  • 3402 Thunder Drive Sachse, TX 5
    • 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.89
    •  
  • 4716 Lee Hutson Lane Sachse, TX 1
    • 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1999
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
  • 4512 Sunmeadow Lane Sachse, TX 2
    • 3 beds 2 baths ∙ 2,195 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,195 Sqft ∙ Built 2004
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.86
    •  
  • 4714 Peach Tree Lane Sachse, TX 3
    • 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2003
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
  • 3704 Arbordale Lane Sachse, TX 4
    • 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 2001
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.84
    •  
PROPERTY LISTING DETAILS
Minh Hoang
Avignon Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497122
Last Updated: 01/09/2021
BESbswy