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6306 Timbercrest Trail Sachse, TX 75048

4 Beds 3 Baths 2,911 sqft Built 2002

$385,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $132.26
  • 3 Days on Market
  • MLS # : 14540956
  • Updated Date : 03/27/2021 at 19:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,911 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Select Homes

Listing Agent's Description

Beautiful home in Woodbridge on cul-de-sac lot with stone front & open floor plan includes 4 oversized bedrooms, 2.5 bath, Gameroom with French doors includes speakers, surround sound & projector that will stay. Huge kitchen overlooks family room with stone fireplace offers breakfast bar, nook, tons of cabinets, island, gas cooktop, butler’s pantry & separate dining room that fits a 9ft table. The private owners retreat is downstairs with sitting area includes double sinks, separate shower, garden tub & large walk in closet. Awesome backyard has covered patio & extended wood deck, fence 2018, walking distance to splash pad pool. Other updates are AC 5-2019, Fresh Paint 2019, Roof 2016 & floored attic.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

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
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
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,337
Property Tax -$910
Property Insurance -$195
HOA -$40
Property Management Fees -$99
CASH FLOW
-$482

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.

$385,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.55%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$40

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,314

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1503$2,3004$2,3005$2,375
$2,375
RENT COMPS ANALYSIS
  • 6306 Timbercrest Trail Sachse, TX 1
    • 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.72
    •  
  • 1912 Grand Fairway Drive Wylie, TX 2
    • 3 beds 3 baths ∙ 2,562 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,562 Sqft ∙ Built 2009
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.84
    •  
  • 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
    •  
  • 2004 E Fairway Winds Court Wylie, TX 5
    • 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2012
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.82
    •  
PROPERTY LISTING DETAILS
Sheila Joyner
Re/max Select Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14540956
Last Updated: 03/27/2021
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