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348 Ash Brook Lane Sunnyvale, TX 75182

4 Beds 4 Baths 2,898 sqft Built 2021

$525,992

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $181.50
  • 4 Days on Market
  • MLS # : 14470193
  • Updated Date : 11/12/2020 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,898 sqft
  • Baths : 2 full , 2 half
Listing Agent

Wendell Miller Realty

Listing Agent's Description

McKinley II NEW VILLAGE BUILDERS. This stunning 1.5 story home includes luxury upgrades including hardwood floors, gourmet kitchen with large island, double ovens, gas cooktop along with abundant counter & cabinet space that opens to a large great room with a gorgeous fireplace. The many windows provide abundant natural lighting as you look out upon the outdoor covered. You will also find a master suite with an oversized walk in closet, his and hers vanities, garden tub and separate shower. This home includes a game room and media room along with a 2 car garage. With this Wifi connected home you will have no dead spots, also offering you the latest in home automation! This home is complete March2021!

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
 

$473,393$578,591$525,992

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$1,941
Property Tax -$1,135
Property Insurance -$195
HOA -$72
Property Management Fees -$99
CASH FLOW
-$981

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.

$525,992

PROJECTED PRICE

$2,460

PROJECTED RENT

0.47%

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-$18k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$141,388

INVESTMENT

$141,388

Down Payment
$131,498
Rehab Estimate
$2,000
Closing Costs
$7,890

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,498
Loan Amount $394,494
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$24

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,460

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,449

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,4603$2,650
$2,650
RENT COMPS ANALYSIS
  • 348 Ash Brook Lane Sunnyvale, TX 2
    • 4 beds 4 baths ∙ 2,898 Sqft ∙ Built 2021 4 beds 4 baths ∙ 2,898 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $0.85
    •  
  • 4500 Blue Mesa Lane Mesquite, TX 1
    • 4 beds 3 baths ∙ 2,591 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,591 Sqft ∙ Built 2003
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.77
    •  
  • 285 Ashwood Lane Sunnyvale, TX 3
    • 4 beds 2 baths ∙ 2,886 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,886 Sqft ∙ Built 2002
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.92
    •  
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 #: 14470193
Last Updated: 11/12/2020
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