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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $157.67
- 2 Days on Market
- MLS # : 14527931
- Updated Date : 03/06/2021 at 21:17
CONSTRUCTION
- Beds : 4
- Floor Size : 1,871 sqft
- Baths : 2 full
Listing Agent
Avignon Realty
Listing Agent's Description
MULTIPLE OFFERS! Please submit best and final by Sunday March 7th at 6 pm. Magnificent move-in ready, totally renovated home in the sought after city of Sachse. Gorgeously updated kitchen and island featuring granite counter top, marble back splash and stainless steel appliances. On the cold nights, your family can keep cozy with a brand new, unique electric fire place in the spacious open floor plan living room. The main bedroom features a on suite bathroom with a glamorous huge walk in shower and marble vanity. Entertain all your family and friends in the large back yard with your own pool and jacuzzi. Come check out many other recent improvements that were done on this home.
SEE MORE
- 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: Sachse
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sachse
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$1,025 |
| Property Tax | -$697 | |
| Property Insurance | -$135 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$206
|
||
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.
$295,000
PROJECTED PRICE
$1,750
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$83,925
LOAN DETAILS
$1,025
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
1.25
YEARS SAVED
$1,838
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,787
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
5200 Lee Hutson Lane Sachse, TX 3
- 4 beds 2 baths ∙ 1,871 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,871 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $1,750
- $0.94
-
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
-
3424 Tina Street Sachse, TX 2
- 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1986
LEASED 12/02/20- Rent
- Rent Per SQFT
- $1,750
- $0.93
-
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
Avignon Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14527931
Last Updated: 03/06/2021
