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5008 Sage Hill Drive Carrollton, TX 75010

4 Beds 4 Baths 3,604 sqft Built 2008

$700,000

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $194.23
  • 6 Days on Market
  • MLS # : 14520817
  • Updated Date : 02/25/2021 at 13:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,604 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Stunning, Spanish-style home in fabulous subdivision of Austin Waters! Exquisite attention to detail in all architectural finishes to include extensive covered porch, decorative iron accents and arched wood entry door. Solid oak staircase, 18x18 tile, neutral grey paint and elegant trim work welcome you into the home. The study with French doors and it's own private patio are adjacent to the entry. Floorplan is perfect for entertaining with a gorgeous dining area just off the kitchen which overlooks the spacious LA, cast stone FP and views of the private bckyrd. Updated light and fan fixtures throughout. Large mstr bdrm with sitting area. Cvrd patio with built-in grill. HOA pool, park, walking paths and more!!!

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: Austin Ranch

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k355k

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

Neighborhood: Austin Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263108

* 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
Hicks Elementary School Primary Regular 615 43 9
Arbor Creek Middle School Middle Regular 894 59 8
Hebron High School High Regular 2,458 138 7

Hicks Elementary School

  • Education Level: Primary
  • # of students: 615
  • # of teachers: 43
9
GreatSchools Rating

Arbor Creek Middle School

  • Education Level: Middle
  • # of students: 894
  • # of teachers: 59
8
GreatSchools Rating

Hebron High School

  • Education Level: High
  • # of students: 2,458
  • # of teachers: 138
7
GreatSchools Rating
 

$630,000$770,000$700,000

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$2,431
Property Tax -$1,278
Property Insurance -$235
HOA -$83
Property Management Fees -$99
CASH FLOW
-$927

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.

$700,000

PROJECTED PRICE

$3,200

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 1.7%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$47

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,200

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $3,217

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,0003$3,2004$3,3005$3,300
$3,300
RENT COMPS ANALYSIS
  • 5008 Sage Hill Drive Carrollton, TX 3
    • 4 beds 4 baths ∙ 3,604 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,604 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.89
    •  
  • 6908 Eagle Vail Drive Plano, TX 1
    • 4 beds 3 baths ∙ 3,359 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,359 Sqft ∙ Built 2000
    property image
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.85
    •  
  • 2525 Sandy Creek Lane The Colony, TX 2
    • 5 beds 4 baths ∙ 3,421 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,421 Sqft ∙ Built 2016
    property image
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.88
    •  
  • 3200 Prestonwood Drive Plano, TX 4
    • 4 beds 3 baths ∙ 3,655 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,655 Sqft ∙ Built 1999
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.90
    •  
  • 2660 Barton Creek Boulevard The Colony, TX 5
    • 4 beds 4 baths ∙ 3,505 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,505 Sqft ∙ Built 2016
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.94
    •  
PROPERTY LISTING DETAILS
Kim Davis
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14520817
Last Updated: 02/25/2021
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