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

3621 Hudson Drive Sachse, TX 75048

5 Beds 4 Baths 3,191 sqft Built 2016

INVESTimate

$429,900

List Price

$2,450

$2,205 - $2,695

Rent Est.

$464,722  ( +8.10%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $134.72
  • 5 Days on Market
  • MLS # : 14417338
  • Updated Date : 08/22/2020 at 15:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,191 sqft
  • Baths : 4 full
Listing Agent

Paragon Realtors

Listing Agent's Description

Beautiful curb appeal is only the beginning of your experience when you visit this lovely home. Completed in 2017 by DR Horton, this stunning 2 story home features dramatic ceiling height in the large living area. If you like to cook, you will fall in love with this kitchen that overlooks the living area. 2 dining areas and a breakfast bar provide plenty of entertaining options. The owners suite and 1 additional bedroom are downstairs with 3 additional bedrooms and a large game room upstairs. The game room could be a 6th bedroom, or a media room, or a large home office. For outdoor entertaining, there is a covered patio area overlooking a lovely backyard, which could accommodate a pool. THIS ONE IS A WINNER!

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
 

$386,910$472,890$429,900

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

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-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,586
Property Tax -$1,016
Property Insurance -$212
HOA -$37
Property Management Fees -$99
CASH FLOW
-$500

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.

$429,900

PROJECTED PRICE

$2,450

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.10%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$268

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,425

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3953$2,4504$2,600
$2,600
RENT COMPS ANALYSIS
  • 3621 Hudson Drive Sachse, TX 3
    • 5 beds 4 baths ∙ 3,191 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,191 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.77
    •  
  • 3612 Valley Sachse, TX 1
    • 5 beds 4 baths ∙ 3,033 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,033 Sqft ∙ Built 2001
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.73
    •  
  • 4213 Lee Hutson Drive Sachse, TX 2
    • 4 beds 4 baths ∙ 3,124 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,124 Sqft ∙ Built 2011
    property image
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.77
    •  
  • 6917 Shady View Court Sachse, TX 4
    • 4 beds 4 baths ∙ 3,349 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,349 Sqft ∙ Built 2007
    property image
    LEASED 06/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.78
    •  
PROPERTY LISTING DETAILS
Tony Nuncio
Paragon Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417338
Last Updated: 08/22/2020
BESbswy