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46 N Highland Drive Sanger, TX 76266

3 Beds 2 Baths 2,214 sqft Built 2007

$310,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $140.02
  • 8 Days on Market
  • MLS # : 14509975
  • Updated Date : 02/05/2021 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,214 sqft
  • Baths : 2 full
Listing Agent

Daphne Real Estate Llc

Listing Agent's Description

Large single story home near walking path directly to the schools. You'll be amazed with the upgrades that were made to this open floor plan. Welcome home to a custom front door & enjoy two large living areas, wood floors, roomy kitchen with built in desk & wine cabinet, granite countertops, stainless steel appliances, & 5 burner gas stove. The Master Bedroom was enlarged to provide room for a sitting area & large furniture. Master Bathroom has oversized shower, garden tub, & large walk-in closet. Enjoy the soothing rock waterfall from the large covered patio. Immaculate yard, landscaped with sprinkler system. Energy efficient with gas heat and AC, double pane windows, ceiling fans, and turbines.

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: Sable Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $94k336k

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

Neighborhood: Sable Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800190020002100Rent in $7772171

* 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
Butterfield Elementary School Primary Regular 501 32 7
Sanger Middle School Middle Regular 415 28 6
Sanger High School High Regular 796 52 5

Butterfield Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 32
7
GreatSchools Rating

Sanger Middle School

  • Education Level: Middle
  • # of students: 415
  • # of teachers: 28
6
GreatSchools Rating

Sanger High School

  • Education Level: High
  • # of students: 796
  • # of teachers: 52
5
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,077
Property Tax -$588
Property Insurance -$155
HOA -$15
Property Management Fees -$99
CASH FLOW
-$84

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.

$310,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.3%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,390

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,893

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$1,8504$1,8505$1,950
$1,950
RENT COMPS ANALYSIS
  • 46 N Highland Drive Sanger, TX 4
    • 3 beds 2 baths ∙ 2,214 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,214 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.84
    •  
  • 41 Kramer Lane Sanger, TX 1
    • 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 2016
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
  • 4711 Joshua Street Sanger, TX 2
    • 4 beds 2 baths ∙ 2,103 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,103 Sqft ∙ Built 2018
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.83
    •  
  • 28 Heron Drive Sanger, TX 3
    • 4 beds 3 baths ∙ 2,189 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,189 Sqft ∙ Built 2015
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
  • 4013 Park Lane Sanger, TX 5
    • 3 beds 3 baths ∙ 2,215 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,215 Sqft ∙ Built 2019
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.88
    •  
PROPERTY LISTING DETAILS
Daphne Zollinger
Daphne Real Estate Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509975
Last Updated: 02/05/2021
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