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6309 Cedar Sage Trail Flower Mound, TX 76226

4 Beds 3 Baths 2,270 sqft Built 2015

INVESTimate

$447,800

List Price

$2,600

$2,350 - $2,850

Rent Est.

$468,354  ( +4.59%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2015
  • Price/Sqft : $197.27
  • 9 Days on Market
  • MLS # : 14413086
  • Updated Date : 08/19/2020 at 04:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,270 sqft
  • Baths : 3 full
Listing Agent

Austin Cartlidge, Broker

Listing Agent's Description

Beautiful one-story home with an outstanding floor plan located in Canyon Falls and Argyle ISD! With an open-concept layout, this home is perfect for entertaining. The modern kitchen is stunning, with stainless steel appliances, large island, and quartz countertops. The backyard is a private oasis with a large covered patio that overlooks a grand backyard and beautiful rock fence. The HOA maintains the front yard and includes Frontier internet and cable. This is a must see!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Canyon Falls

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k417k

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

Neighborhood: Canyon Falls

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262773

* 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
Argyle Intermediate School Primary Regular 295 17 8
Argyle Intermediate School Middle Regular 295 17 8
Argyle High School High Regular 711 50 8

Argyle Intermediate School

  • Education Level: Primary
  • # of students: 295
  • # of teachers: 17
8
GreatSchools Rating

Argyle Intermediate School

  • Education Level: Middle
  • # of students: 295
  • # of teachers: 17
8
GreatSchools Rating

Argyle High School

  • Education Level: High
  • # of students: 711
  • # of teachers: 50
8
GreatSchools Rating
 

$403,020$492,580$447,800

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$1,652
Property Tax -$773
Property Insurance -$158
HOA -$208
Property Management Fees -$99
CASH FLOW
-$290

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.

$447,800

PROJECTED PRICE

$2,600

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.59%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,417

INVESTMENT

$124,417

Down Payment
$111,950
Rehab Estimate
$5,750
Closing Costs
$6,717

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,652

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $111,950
Loan Amount $335,850
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,213

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,673

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,5004$2,5505$2,600
$2,600
RENT COMPS ANALYSIS
  • 6309 Cedar Sage Trail Flower Mound, TX 5
    • 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.15
    •  
  • 11409 Winecup Road Flower Mound, TX 1
    • 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 2014
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.14
    •  
  • 1122 Berrydale Drive Northlake, TX 2
    • 3 beds 2 baths ∙ 2,081 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,081 Sqft ∙ Built 2016
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.20
    •  
  • 1104 Parkdale Drive Northlake, TX 3
    • 3 beds 2 baths ∙ 2,081 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,081 Sqft ∙ Built 2017
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.20
    •  
  • 6333 Crossvine Trail Flower Mound, TX 4
    • 3 beds 2 baths ∙ 2,181 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,181 Sqft ∙ Built 2016
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.17
    •  
PROPERTY LISTING DETAILS
Austin Cartlidge
Austin Cartlidge, Broker
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14413086
Last Updated: 08/19/2020
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