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5113 Brookview Drive Sachse, TX 75048

3 Beds 2 Baths 1,220 sqft Built 1982

$140,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $114.75
  • 2 Days on Market
  • MLS # : 14500690
  • Updated Date : 01/16/2021 at 18:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,220 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Investor Special! 3 bedroom and 2 bath home that has a great layout in Sachse. This property has great potential with new windows and screens replaced in 2018. Great location near Firewheel Mall and easy access to George Bush. Bring your buyers, this one will go fast!

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: Brookview Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $87k303k

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

Neighborhood: Brookview Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8601970

* 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
 

$126,000$154,000$140,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$486
Property Tax -$363
Property Insurance -$98
Property Management Fees -$99
CASH FLOW
$324

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.

$140,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.98%

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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k$450k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$42,850

INVESTMENT

$42,850

Down Payment
$35,000
Rehab Estimate
$5,750
Closing Costs
$2,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$486

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $35,000
Loan Amount $105,000
See What Happens When You Reinvest Cash Flow

14.33

YEARS SAVED

$32,443

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,366

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3703$1,5504$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 5113 Brookview Drive Sachse, TX 2
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $1.12
    •  
  • 4021 7th Street Sachse, TX 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1983
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.08
    •  
  • 2517 Mcdearmon Street Sachse, TX 3
    • 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1985
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.17
    •  
  • 3136 Tina Street Sachse, TX 4
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1984
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.12
    •  
  • 3729 6th Street Sachse, TX 5
    • 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 1984
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.11
    •  
PROPERTY LISTING DETAILS
Noelle Malone
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500690
Last Updated: 01/16/2021
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