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6321 Saddlebrook Way Irving, TX 75039

4 Beds 3 Baths 2,396 sqft Built 2018

$500,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $208.68
  • 2 Days on Market
  • MLS # : 14491905
  • Updated Date : 01/09/2021 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,396 sqft
  • Baths : 3 full
Listing Agent

D&b Brokerage Services Llc

Listing Agent's Description

2018 DAVID WEEKEY offers beautiful open floor plan with high ceilings and lots of natural light, all on corner lot. Master and guest suites on 1st floor. Guest bath features walk in shower. Kitchen with huge island open to dining and family rooms. Stainless steel appliances, quartz countertops, decorative lighting, wood flooring, iron balusters, and more! Upstairs game room opens to below. Low maintenance yard with small patio. Direct access to Campion Trail for 27 miles of walking, running and biking trails.

SEE MORE

MARKET HIGHLIGHTS

  • # 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: Las Colinas

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $107k482k

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

Neighborhood: Las Colinas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10433419

* 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
La Villita Elementary School Primary Regular 584 34 7
Barbara Bush Middle School Middle Regular 672 44 4
Ranchview High School High Regular 843 56 5

La Villita Elementary School

  • Education Level: Primary
  • # of students: 584
  • # of teachers: 34
7
GreatSchools Rating

Barbara Bush Middle School

  • Education Level: Middle
  • # of students: 672
  • # of teachers: 44
4
GreatSchools Rating

Ranchview High School

  • Education Level: High
  • # of students: 843
  • # of teachers: 56
5
GreatSchools Rating
 

$450,000$550,000$500,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$1,737
Property Tax -$1,300
Property Insurance -$166
HOA -$78
Property Management Fees -$99
CASH FLOW
-$559

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.

$500,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$149

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $2,761

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,7503$2,8204$2,9005$2,950
$2,950
RENT COMPS ANALYSIS
  • 6321 Saddlebrook Way Irving, TX 3
    • 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $1.18
    •  
  • 804 Camilla Irving, TX 1
    • 3 beds 2 baths ∙ 2,219 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,219 Sqft ∙ Built 2006
    property image
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.10
    •  
  • 722 San Benito Irving, TX 2
    • 3 beds 2 baths ∙ 2,349 Sqft ∙ Built 2009 3 beds 2 baths ∙ 2,349 Sqft ∙ Built 2009
    property image
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.17
    •  
  • 6720 Castillo Street Irving, TX 4
    • 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 2013
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.15
    •  
  • 572 Courtyard Lane Irving, TX 5
    • 3 beds 3 baths ∙ 2,482 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,482 Sqft ∙ Built 2019
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.19
    •  
PROPERTY LISTING DETAILS
Mani Raveendran
D&b Brokerage Services Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14491905
Last Updated: 01/09/2021
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