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3719 Meadow Wood Court Sachse, TX 75048

4 Beds 3 Baths 2,574 sqft Built 2009

$389,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 2009
  • Price/Sqft : $151.13
  • 7 Days on Market
  • MLS # : 14461452
  • Updated Date : 11/02/2020 at 16:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,574 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Rockwall

Listing Agent's Description

Beautiful home in Wylie ISD walking distance from Elementary school directly across the street! This home has large kitchen, gas stove, island, SS and black appliances, lots of storage and refrigerator stays! The family room has a wood burning stone fireplace with views of the pool and back patio. All hard surface tile and wood tile throughout the home, crown molding, art niches, and much more. You will enjoy the large covered patio, heated pool and hot tub. The garage is every man's dream with workbench, counter top work space, shelves, cabinetry, fans, AC ductless mini split and so much storage! Come and see!

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: Woodbridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k344k

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

Neighborhood: Woodbridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Don Whitt Elementary School Primary Regular 568 36 10
Raymond B. Cooper Junior High School Middle Regular 748 44 10
Raymond B. Cooper Junior High School High Regular 748 44 10

Don Whitt Elementary School

  • Education Level: Primary
  • # of students: 568
  • # of teachers: 36
10
GreatSchools Rating

Raymond B. Cooper Junior High School

  • Education Level: Middle
  • # of students: 748
  • # of teachers: 44
10
GreatSchools Rating

Raymond B. Cooper Junior High School

  • Education Level: High
  • # of students: 748
  • # of teachers: 44
10
GreatSchools Rating
 

$350,100$427,900$389,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,435
Property Tax -$815
Property Insurance -$176
HOA -$38
Property Management Fees -$99
CASH FLOW
-$303

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$389,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
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

PROJECTED ANNUAL CASH FLOW

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

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$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,804

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,239

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,2604$2,3455$2,400
$2,400
RENT COMPS ANALYSIS
  • 3719 Meadow Wood Court Sachse, TX 3
    • 4 beds 3 baths ∙ 2,574 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,574 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.88
    •  
  • 7015 Foxglove Trail Sachse, TX 1
    • 3 beds 3 baths ∙ 2,570 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,570 Sqft ∙ Built 1995
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.78
    •  
  • 7311 Hawk Lane Sachse, TX 2
    • 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 2004
    property image
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
  • 6805 Longmeadow Drive Sachse, TX 4
    • 4 beds 3 baths ∙ 2,601 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,601 Sqft ∙ Built 1995
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $0.90
    •  
  • 6912 Shady View Court Sachse, TX 5
    • 4 beds 2 baths ∙ 2,630 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,630 Sqft ∙ Built 2010
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.91
    •  
PROPERTY LISTING DETAILS
Patty Turner
Keller Williams Rockwall
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461452
Last Updated: 11/02/2020
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