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345 Ash Brook Lane Sunnyvale, TX 75182

4 Beds 4 Baths 3,593 sqft Built 2021

$551,129

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2021
  • Price/Sqft : $153.39
  • 2 Days on Market
  • MLS # : 14467725
  • Updated Date : 11/07/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,593 sqft
  • Baths : 3 full , 1 half
Listing Agent

Wendell Miller Realty

Listing Agent's Description

Acadia- Two story plan has many architectural details and luxury upgrades. As you enter, you will find a beautiful foyer, open dining room and study. This home features hardwood floors, gourmet kitchen with large island, double ovens, gas cooktop, abundant counter and cabinet space. The Great room boasts many windows to allow for natural light and to look out to the covered patio. The large master suite includes an oversized walk in closet, double vanities, garden tub and separate shower. This home includes a 3-car garage, media and gameroom. This home will be complete MARCH 2021.

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: Sunnyvale

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k474k

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

Neighborhood: Sunnyvale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263194

* 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
Sunnyvale Elementary School Primary Regular 596 34 8
Sunnyvale Middle School Middle Regular 480 28 8
Sunnyvale High School High Regular 442 34 7

Sunnyvale Elementary School

  • Education Level: Primary
  • # of students: 596
  • # of teachers: 34
8
GreatSchools Rating

Sunnyvale Middle School

  • Education Level: Middle
  • # of students: 480
  • # of teachers: 28
8
GreatSchools Rating

Sunnyvale High School

  • Education Level: High
  • # of students: 442
  • # of teachers: 34
7
GreatSchools Rating
 

$496,016$606,242$551,129

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$2,033
Property Tax -$1,189
Property Insurance -$235
HOA -$144
Property Management Fees -$99
CASH FLOW
-$410

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$551,129

PROJECTED PRICE

$3,290

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 3.00%
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-$10k-$5.0k$0.0$5.0k$10k

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$148,049

INVESTMENT

$148,049

Down Payment
$137,782
Rehab Estimate
$2,000
Closing Costs
$8,267

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,782
Loan Amount $413,347
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,895

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,290

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $3,485

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$3,290
1$3,2902$3,500
$3,500
RENT COMPS ANALYSIS
  • 345 Ash Brook Lane Sunnyvale, TX 1
    • 4 beds 4 baths ∙ 3,593 Sqft ∙ Built 2021 4 beds 4 baths ∙ 3,593 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $0.92
    •  
  • 286 Morning Fog Lane Sunnyvale, TX 2
    • 5 beds 5 baths ∙ 3,616 Sqft ∙ Built 2018 5 beds 5 baths ∙ 3,616 Sqft ∙ Built 2018
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.97
    •  
PROPERTY LISTING DETAILS
Wendell Miller
Wendell Miller Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467725
Last Updated: 11/07/2020
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