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3607 Thunder Drive Sachse, TX 75048

4 Beds 4 Baths 2,716 sqft Built 2016

$354,900

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $130.67
  • 6 Days on Market
  • MLS # : 14482246
  • Updated Date : 12/25/2020 at 22:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,716 sqft
  • Baths : 3 full , 1 half
Listing Agent

Avignon Realty

Listing Agent's Description

4 bedroom 3.5 bath 2 car garage home in Sachse,Texas. Good layout with master bedroom downstairs. Open floor plan with granite counter top in kitchen and ss appliances. Carpet in upstairs bedrooms and living room... nice fence and decent size backyard.

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: 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
 

$319,410$390,390$354,900

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,309
Property Tax -$839
Property Insurance -$184
HOA -$37
Property Management Fees -$99
CASH FLOW
-$148

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.

$354,900

PROJECTED PRICE

$2,320

PROJECTED RENT

0.65%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,799

INVESTMENT

$99,799

Down Payment
$88,725
Rehab Estimate
$5,750
Closing Costs
$5,324

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,309

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,725
Loan Amount $266,175
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$7,447

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,281

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,075
1$2,0752$2,0953$2,2004$2,3205$2,550
$2,550
RENT COMPS ANALYSIS
  • 3607 Thunder Drive Sachse, TX 4
    • 4 beds 4 baths ∙ 2,716 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,716 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.85
    •  
  • 3801 Remington Court Sachse, TX 1
    • 5 beds 3 baths ∙ 2,579 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,579 Sqft ∙ Built 2000
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.80
    •  
  • 4515 Maple Shade Avenue Sachse, TX 2
    • 3 beds 3 baths ∙ 2,523 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,523 Sqft ∙ Built 2000
    property image
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.83
    •  
  • 3812 Cedar Creek Sachse, TX 3
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2002
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 4401 Lone Elm Street Sachse, TX 5
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2016
    property image
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.91
    •  
PROPERTY LISTING DETAILS
Jimmy Lee
Avignon Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14482246
Last Updated: 12/25/2020
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