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5019 Highridge Drive Sachse, TX 75048

3 Beds 2 Baths 2,036 sqft Built 1984

$349,900

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $171.86
  • 3 Days on Market
  • MLS # : 14517988
  • Updated Date : 02/12/2021 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,036 sqft
  • Baths : 2 full
Listing Agent

Lone Star Realty Group, Llc

Listing Agent's Description

Fantastic remodeled home in Sachse located on a nicely landscaped oversized corner lot,beautiful kitchen,granite counter tops,under cabinet lighting, back splash,spacious living room,cozy corner fireplace,vaulted ceilings,pretty 16 inch designer tile,recessed lighting, ceiling fans,blinds, granite counter tops, carpet in bedrooms, glass front door, appox. .28 of an acre of land, huge yard with sport patio and outdoor kitchen, very nice carport also rear of property, privacy fence, sprinkler system, great drive up appeal, shows like a new home!!

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: Southridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $111k303k

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

Neighborhood: Southridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10191970

* 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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,215
Property Tax -$827
Property Insurance -$145
Property Management Fees -$99
CASH FLOW
-$476

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$349,900

PROJECTED PRICE

$1,810

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$22

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,914

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,745
1$1,7452$1,8103$1,8504$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 5019 Highridge Drive Sachse, TX 2
    • 3 beds 2 baths ∙ 2,036 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,036 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.89
    •  
  • 3429 Sachse Road Sachse, TX 1
    • 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 1984
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.92
    •  
  • 4716 Lee Hutson Lane Sachse, TX 3
    • 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1999
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
  • 2716 Pennington Drive Sachse, TX 4
    • 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2002
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
  • 4714 Peach Tree Lane Sachse, TX 5
    • 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2003
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
PROPERTY LISTING DETAILS
Leonard Holder
Lone Star Realty Group, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517988
Last Updated: 02/12/2021
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