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4121 Bullwhip Creek Lane Sachse, TX 75048

3 Beds 3 Baths 2,237 sqft Built 2021

$349,097

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $156.06
  • 6 Days on Market
  • MLS # : 14510865
  • Updated Date : 02/01/2021 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,237 sqft
  • Baths : 2 full , 1 half
Listing Agent

Meritage Homes Realty

Listing Agent's Description

Brand NEW energy-efficient home ready July 2021! The Dorset has a thoughtfully designed main level brings everyone together with an effortless open concept and useful features. Dusk cabinets with white-toned quartz countertops, beige tone EVP flooring with dark gray tweed carpet in our Balanced 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
 

$314,187$384,007$349,097

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,213
Property Tax -$732
Property Insurance -$156
HOA -$35
Property Management Fees -$99
CASH FLOW
-$65

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.

$349,097

PROJECTED PRICE

$2,170

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

PROJECTED ANNUAL CASH FLOW

11530-$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$94,511

INVESTMENT

$94,511

Down Payment
$87,274
Rehab Estimate
$2,000
Closing Costs
$5,236

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,213

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,274
Loan Amount $261,823
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$10,569

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,175

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1503$2,1704$2,3005$2,390
$2,390
RENT COMPS ANALYSIS
  • 4121 Bullwhip Creek Lane Sachse, TX 3
    • 3 beds 3 baths ∙ 2,237 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,237 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.97
    •  
  • 6916 Hillwood Drive Sachse, TX 1
    • 3 beds 2 baths ∙ 2,096 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,096 Sqft ∙ Built 2002
    property image
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 7216 Pheasant Court Sachse, TX 2
    • 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 2002
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.05
    •  
  • 7208 Crane Drive Sachse, TX 4
    • 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 2004
    property image
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.96
    •  
  • 3615 Meadow Bluff Lane Sachse, TX 5
    • 3 beds 2 baths ∙ 2,523 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,523 Sqft ∙ Built 2008
    property image
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.95
    •  
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 #: 14510865
Last Updated: 02/01/2021
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