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6512 Crestmoor Lane Sachse, TX 75048

5 Beds 4 Baths 3,578 sqft Built 2012

$418,110

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $116.86
  • 3 Days on Market
  • MLS # : 14470460
  • Updated Date : 11/13/2020 at 00:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,578 sqft
  • Baths : 3 full , 1 half
Listing Agent

Jeanie Marten Real Estate, Llc

Listing Agent's Description

Stone+brick, trees frame walkway up to an Iron+wood door & covered porch. High ceilings throughout. To the left are the formal living & dining. Across a private French door office. Pass the sweeping staircase into a grand living room with stone floor-to-ceiling fireplace. Kitchen equipped with gas cooktop, stacked microwave & oven, coffee bar, WIP, granite counters, island + dark wood cabinetry. Tucked off living is the master oasis for privacy + half bath, utility room & garage entry. Master suite ft., double sink vanities, jetted garden tub & step-in shower. Upstairs the 2nd living has 2 pairs of rooms on either side one with a Jack&Jill + a 2nd guest bath. Backyard with covered patio & large grassy yard.

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
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
 

$376,299$459,921$418,110

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,543
Property Tax -$988
Property Insurance -$234
HOA -$39
Property Management Fees -$99
CASH FLOW
-$363

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.

$418,110

PROJECTED PRICE

$2,540

PROJECTED RENT

0.61%

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$1.2M

PROJECTED ANNUAL CASH FLOW

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

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$116,549

INVESTMENT

$116,549

Down Payment
$104,528
Rehab Estimate
$5,750
Closing Costs
$6,272

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,543

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,528
Loan Amount $313,583
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,603

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,809

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,540
1$2,5402$2,6003$2,8004$2,9005$3,045
$3,045
RENT COMPS ANALYSIS
  • 6512 Crestmoor Lane Sachse, TX 1
    • 5 beds 4 baths ∙ 3,578 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,578 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $0.71
    •  
  • 6212 Meadowcrest Lane Sachse, TX 2
    • 5 beds 4 baths ∙ 3,237 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,237 Sqft ∙ Built 2003
    LEASED 05/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.80
    •  
  • 7729 Glencrest Drive Sachse, TX 3
    • 5 beds 4 baths ∙ 3,597 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,597 Sqft ∙ Built 2007
    LEASED 08/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.78
    •  
  • 135 Turks Cap Trail Wylie, TX 4
    • 5 beds 5 baths ∙ 3,725 Sqft ∙ Built 2018 5 beds 5 baths ∙ 3,725 Sqft ∙ Built 2018
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.78
    •  
  • 6312 Lakecrest Drive Sachse, TX 5
    • 5 beds 4 baths ∙ 3,894 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,894 Sqft ∙ Built 2013
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,045
    • $0.78
    •  
PROPERTY LISTING DETAILS
Jeanie Marten
Jeanie Marten Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470460
Last Updated: 11/13/2020
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