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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $160.71
- 2 Days on Market
- MLS # : 14486601
- Updated Date : 12/18/2020 at 22:17
CONSTRUCTION
- Beds : 4
- Floor Size : 2,800 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty Dpr
Listing Agent's Description
This home sits on a .25 acre lot and has an open floor plan for entertaining and a backyard oasis!. There’s an office space with French doors right when you walk in. You’ll enjoy having a large island kitchen with granite counter tops, stainless steel appliances, gas cooktop and a walk-in pantry. Master is downstairs with a garden tub, standup shower and walk-in closet. The master closet has direct access to laundry room, mud room and oversized 2.5 car garage. The game room is upstairs with three large bedrooms. The house is also foam insulated and very energy efficient. It’s also just minutes away from the new mixed use development “ The Station” so you’ll have plenty of access to shopping and entertainment.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
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 | $2,310 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$1,064 | |
| Property Insurance | -$189 | |
| HOA | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$764
|
||
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.
$450,000
PROJECTED PRICE
$2,310
PROJECTED RENT
0.51%
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
$125,000
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
-0.08
YEARS SAVED
-$10
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,310
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,457
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
5203 Herford Drive Sachse, TX 3
- 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $2,310
- $0.83
-
4515 Maple Shade Avenue Sachse, TX 1
- 3 beds 3 baths ∙ 2,523 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,523 Sqft ∙ Built 2000
LEASED 11/04/20- Rent
- Rent Per SQFT
- $2,095
- $0.83
-
3812 Cedar Creek Sachse, TX 2
- 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2002
LEASED 09/16/20- Rent
- Rent Per SQFT
- $2,200
- $0.82
-
4401 Lone Elm Street Sachse, TX 4
- 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2016
LEASED 11/05/20- Rent
- Rent Per SQFT
- $2,550
- $0.91
-
5105 Rosewood Lane Sachse, TX 5
- 4 beds 4 baths ∙ 2,725 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,725 Sqft ∙ Built 2016
LEASED 07/08/19- Rent
- Rent Per SQFT
- $2,595
- $0.95
PROPERTY LISTING DETAILS
Keller Williams Realty Dpr
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14486601
Last Updated: 12/18/2020
