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4126 Caprock Canyon Road Sachse, TX 75048

3 Beds 2 Baths 1,931 sqft Built 2021

$374,084

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $193.73
  • 5 Days on Market
  • MLS # : 14490104
  • Updated Date : 12/23/2020 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,931 sqft
  • Baths : 2 full
Listing Agent

Meritage Homes Realty

Listing Agent's Description

Brand NEW energy-efficient home ready March 2021! The Rio Grande’s sprawling single-story layout features a bright, open concept living area, dining space, and kitchen. The primary suite boasts a sizeable walk-in closet and dual sinks. Jog along the nearby greenbelt or let the kids explore the pond. 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
 

$336,676$411,492$374,084

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,380
Property Tax -$784
Property Insurance -$139
HOA -$35
Property Management Fees -$99
CASH FLOW
-$407

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.

$374,084

PROJECTED PRICE

$2,030

PROJECTED RENT

0.54%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,132

INVESTMENT

$101,132

Down Payment
$93,521
Rehab Estimate
$2,000
Closing Costs
$5,611

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,380

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,521
Loan Amount $280,563
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$584

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,032

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8953$2,0304$2,1505$2,250
$2,250
RENT COMPS ANALYSIS
  • 4126 Caprock Canyon Road Sachse, TX 3
    • 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $1.05
    •  
  • 2825 4th Street Sachse, TX 1
    • 3 beds 3 baths ∙ 1,690 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,690 Sqft ∙ Built 2019
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
  • 6917 Highland Crest Lane Sachse, TX 2
    • 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 2001
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.06
    •  
  • 7216 Pheasant Court Sachse, TX 4
    • 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 2002
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.05
    •  
  • 2309 Quail Hollow Drive Sachse, TX 5
    • 3 beds 2 baths ∙ 2,119 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,119 Sqft ∙ Built 2004
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.06
    •  
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 #: 14490104
Last Updated: 12/23/2020
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