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4106 Stockyard Station Lane Sachse, TX 75048

3 Beds 3 Baths 2,321 sqft Built 2021

$399,849

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $172.27
  • 7 Days on Market
  • MLS # : 14510814
  • Updated Date : 02/05/2021 at 09:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,321 sqft
  • Baths : 2 full , 1 half
Listing Agent

Meritage Homes Realty

Listing Agent's Description

Brand NEW energy-efficient home ready July 2021! At the top of the Camden's stairs, the game room is all about play. The primary suite boasts a master bath retreat. White cabinets with pearl silver granite countertops, cool grey EVP flooring and multi-tone tweed carpet in our Sleek package. Ranch Park Village is located in the sought-after Wylie ISD, the community is just 30-minutes from downtown Dallas. Known for their energy-efficient features, our homes help you live a healthier and quieter lifestyle while saving thousands of dollars on utility bills.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Sachse

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Sachse

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262771

* 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
 

$359,864$439,834$399,849

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,389
Property Tax -$785
Property Insurance -$161
HOA -$35
Property Management Fees -$99
CASH FLOW
-$230

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.

$399,849

PROJECTED PRICE

$2,240

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,960

INVESTMENT

$107,960

Down Payment
$99,962
Rehab Estimate
$2,000
Closing Costs
$5,998

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,962
Loan Amount $299,887
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,319

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,257

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,240
1$2,2402$2,3003$2,3004$2,3905$2,400
$2,400
RENT COMPS ANALYSIS
  • 4106 Stockyard Station Lane Sachse, TX 1
    • 3 beds 3 baths ∙ 2,321 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,321 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.97
    •  
  • 4304 Meadowview Lane Sachse, TX 2
    • 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 2006
    LEASED 09/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.07
    •  
  • 7208 Crane Drive Sachse, TX 3
    • 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 2004
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.96
    •  
  • 3615 Meadow Bluff Lane Sachse, TX 4
    • 3 beds 2 baths ∙ 2,523 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,523 Sqft ∙ Built 2008
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.95
    •  
  • 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
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.91
    •  
PROPERTY LISTING DETAILS
Patrick Mcgrath
Meritage Homes Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14510814
Last Updated: 02/05/2021
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