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4318 Oak Bluff Lane Sachse, TX 75048

3 Beds 2 Baths 2,523 sqft Built 2006

$365,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $144.67
  • 5 Days on Market
  • MLS # : 14471939
  • Updated Date : 11/18/2020 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,523 sqft
  • Baths : 2 full
Listing Agent

Monument Realty

Listing Agent's Description

This well-maintained, single owner Highland home is waiting for you! Located in the amenity-rich Woodbridge community & prestigious Wylie ISD, this 1 story home has it all! The open floor plan is perfect for entertaining while the covered patio, pergola & spacious backyard provide plenty of room for outdoor fun for the entire family. The oversized office makes it easy to work from home & the secondary bedrooms are completely separate from the large primary bedroom, which comes complete with a sitting area. Recent updates include roof, water heater & garage doors in 2016 & HVAC in July 2020. Pride in ownership is exhibited throughout! This beautiful home is ready for new owners - just in time for the holidays!

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: 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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,347
Property Tax -$765
Property Insurance -$173
HOA -$40
Property Management Fees -$99
CASH FLOW
-$204

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.

$365,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.61%

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$5,637

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,315

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2203$2,3904$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 4318 Oak Bluff Lane Sachse, TX 2
    • 3 beds 2 baths ∙ 2,523 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,523 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.88
    •  
  • 7311 Hawk Lane Sachse, TX 1
    • 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 2004
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
  • 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
    •  
  • 3620 Harlan Drive Sachse, TX 5
    • 4 beds 4 baths ∙ 2,706 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,706 Sqft ∙ Built 2015
    LEASED 05/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.92
    •  
PROPERTY LISTING DETAILS
Amanda Simcoe
Monument Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471939
Last Updated: 11/18/2020
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