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5412 Summit Knoll Trail Sachse, TX 75048

4 Beds 3 Baths 2,836 sqft Built 1999

$320,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $112.83
  • 3 Days on Market
  • MLS # : 14522829
  • Updated Date : 02/26/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,836 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Virtual Tour Available. This one owner home has been very well maintained and is a time capsule of the late 90s. You will find that this home has much to offer and all on a single floor. Formal living room would be a great work from home space if a second living room is not needed. 2 bedrooms and nearly 2 bathrooms at the front of the house and a 4th bedroom off of the Master Suite hallway make it a great baby room, craft room, or office. And the living room is absolutely massive and will allow you to plenty of room to gather with friends and family. Kitchen is open to the living room with a bar and breakfast area. Be sure to checkout the butler's pantry, oversized laundry room and oversized garage.

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: Woodbridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k344k

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

Neighborhood: Woodbridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Cheri Cox Elementary School Primary Regular 626 40 8
Grady Burnett Junior High School Middle Regular 725 43 9
Wylie East High School High Regular 1,718 109 8

Cheri Cox Elementary School

  • Education Level: Primary
  • # of students: 626
  • # of teachers: 40
8
GreatSchools Rating

Grady Burnett Junior High School

  • Education Level: Middle
  • # of students: 725
  • # of teachers: 43
9
GreatSchools Rating

Wylie East High School

  • Education Level: High
  • # of students: 1,718
  • # of teachers: 109
8
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,111
Property Tax -$683
Property Insurance -$191
HOA -$40
Property Management Fees -$99
CASH FLOW
$226

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.

$320,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$32,221

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,184

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9953$2,3004$2,3005$2,350
$2,350
RENT COMPS ANALYSIS
  • 5412 Summit Knoll Trail Sachse, TX 5
    • 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.83
    •  
  • 5923 Crestberry Lane Sachse, TX 1
    • 3 beds 3 baths ∙ 2,495 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,495 Sqft ∙ Built 2002
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.76
    •  
  • 7320 Summit View Lane Sachse, TX 2
    • 3 beds 3 baths ∙ 2,509 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,509 Sqft ∙ Built 1998
    LEASED 02/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.80
    •  
  • 7234 Lake Hill Trail Sachse, TX 3
    • 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 2008
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.77
    •  
  • 1900 Fairway Glen Drive Wylie, TX 4
    • 4 beds 3 baths ∙ 3,084 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,084 Sqft ∙ Built 2010
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.75
    •  
PROPERTY LISTING DETAILS
Jordan Bellinger
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 #: 14522829
Last Updated: 02/26/2021
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