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4512 Harvest Lane Sachse, TX 75048

4 Beds 3 Baths 2,790 sqft Built 2004

$315,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $112.90
  • 2 Days on Market
  • MLS # : 14492993
  • Updated Date : 01/03/2021 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,790 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp And Associates Southlake

Listing Agent's Description

A beautiful two-story home located just minutes from Sachse schools and parks. The formal dining space is perfect for family dinners. The oversized owner's retreat boasts a high vaulted ceiling and the ensuite features a separate shower, jetted tub, walk-in closet, and dual sinks. The living room has plenty of space to entertain while keeping warm around the wood-burning fireplace. The kitchen has a new stove and new microwave. The large private study is perfect for you to get work done. The second-floor hosts three large bedrooms, a full bath, and a large open area that’s perfect for the second living room and game area. Located in Sachse this home is minutes from Downtown Dallas and shopping areas.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Jackson Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Jackson Meadows

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
Hillside Academy For Excel Primary Magnet 463 29 10
Classical Center At Brandenburg Middle School Middle Magnet 1,158 64 8
Sachse High School High Regular 2,859 159 7

Hillside Academy For Excel

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
GreatSchools Rating

Classical Center At Brandenburg Middle School

  • Education Level: Middle
  • # of students: 1,158
  • # of teachers: 64
8
GreatSchools Rating

Sachse High School

  • Education Level: High
  • # of students: 2,859
  • # of teachers: 159
7
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,162
Property Tax -$745
Property Insurance -$188
HOA -$23
Property Management Fees -$99
CASH FLOW
$93

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.

$315,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.2%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$23,806

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,448

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,2003$2,3104$2,5505$2,595
$2,595
RENT COMPS ANALYSIS
  • 4512 Harvest Lane Sachse, TX 3
    • 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $0.83
    •  
  • 4515 Maple Shade Avenue Sachse, TX 1
    • 3 beds 3 baths ∙ 2,523 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,523 Sqft ∙ Built 2000
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.83
    •  
  • 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
    •  
  • 4401 Lone Elm Street Sachse, TX 4
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2016
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.91
    •  
  • 5105 Rosewood Lane Sachse, TX 5
    • 4 beds 4 baths ∙ 2,725 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,725 Sqft ∙ Built 2016
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.95
    •  
PROPERTY LISTING DETAILS
Edwin Liddie
Jp And Associates Southlake
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492993
Last Updated: 01/03/2021
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