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5106 Orchard Drive Sachse, TX 75048

4 Beds 2 Baths 1,471 sqft Built 1986

INVESTimate

$252,000

List Price

$1,710

$1,539 - $1,881

Rent Est.

$270,396  ( +7.30%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $171.31
  • 4 Days on Market
  • MLS # : 14419239
  • Updated Date : 08/23/2020 at 03:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,471 sqft
  • Baths : 2 full
Listing Agent

The Vaile Group Real Estate

Listing Agent's Description

Super cute, clean, and Move-in Ready. This 4 bedrooms 2 bath home in the heart of Sachse is perfect for a family. Recently painted, new laminate floors installed, a freshly landscaped front, and a large backyard are waiting for you. Also, the electric panel has been updated and the HVAC has been serviced and the ductwork replaced. Close to Geo.Bush, shopping, restaurants, Firewheel area, and a cool nearby food truck area. Hurry! will not last.

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: Peachtree Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $122k303k

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

Neighborhood: Peachtree Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10711970

* 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
 

$226,800$277,200$252,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$930
Property Tax -$596
Property Insurance -$112
Property Management Fees -$99
CASH FLOW
-$27

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.

$252,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.30%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,530

INVESTMENT

$72,530

Down Payment
$63,000
Rehab Estimate
$5,750
Closing Costs
$3,780

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$930

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,000
Loan Amount $189,000
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$11,217

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $1,570

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,6504$1,7105$1,750
$1,750
RENT COMPS ANALYSIS
  • 5106 Orchard Drive Sachse, TX 4
    • 4 beds 2 baths ∙ 1,471 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,471 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $1.16
    •  
  • 4524 Oakgrove Lane Sachse, TX 1
    • 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 2004
    property image
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.01
    •  
  • 3729 6th Street Sachse, TX 2
    • 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 1984
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.11
    •  
  • 5017 Brookview Drive Sachse, TX 3
    • 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1982
    property image
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 4509 Water Meadow Drive Sachse, TX 5
    • 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 2003
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.12
    •  
PROPERTY LISTING DETAILS
Millie Nguyen
The Vaile Group Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419239
Last Updated: 08/23/2020
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