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

4113 Ranchero Drive Sachse, TX 75048

4 Beds 4 Baths 2,869 sqft Built 2021

$417,894

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $145.66
  • 5 Days on Market
  • MLS # : 14490106
  • Updated Date : 12/23/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,869 sqft
  • Baths : 3 full , 1 half
Listing Agent

Meritage Homes Realty

Listing Agent's Description

Brand NEW energy-efficient home ready March 2021! Grab the popcorn and watch movies in the San Jacinto’s second floor media room or break out darts in the adjacent game room. On the main level, the private primary suite is tucked away from the sprawling great room. 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 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: 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
 

$376,105$459,683$417,894

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$1,542
Property Tax -$876
Property Insurance -$193
HOA -$35
Property Management Fees -$99
CASH FLOW
-$165

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.

$417,894

PROJECTED PRICE

$2,580

PROJECTED RENT

0.62%

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$10k$12k

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$112,742

INVESTMENT

$112,742

Down Payment
$104,474
Rehab Estimate
$2,000
Closing Costs
$6,268

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,542

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,474
Loan Amount $313,421
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$10,246

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,525

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2003$2,3904$2,4005$2,580
$2,580
RENT COMPS ANALYSIS
  • 4113 Ranchero Drive Sachse, TX 5
    • 4 beds 4 baths ∙ 2,869 Sqft ∙ Built 2021 4 beds 4 baths ∙ 2,869 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $0.90
    •  
  • 1912 Grand Fairway Drive Wylie, TX 1
    • 3 beds 3 baths ∙ 2,562 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,562 Sqft ∙ Built 2009
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.84
    •  
  • 3812 Cedar Creek Sachse, TX 2
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2002
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 3615 Meadow Bluff Lane Sachse, TX 3
    • 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 4
    • 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 #: 14490106
Last Updated: 12/23/2020
BESbswy