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6710 Lake Meadow Lane Sachse, TX 75048

4 Beds 4 Baths 3,644 sqft Built 2008

$462,500

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $126.92
  • 4 Days on Market
  • MLS # : 14503723
  • Updated Date : 01/23/2021 at 18:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,644 sqft
  • Baths : 4 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Exquisite home overlooking a beautiful pond & Golf Course. This beautiful home features a large living room with a gas fireplace. Formal dining is designed for family meals and celebrations. The kitchen features an island, Butlers Pantry, slate flooring, granite and gas cooking. The first floor master is spacious with a master bath that has double sinks, separate shower and tub. All bedrooms have private access to bathrooms. A beautiful double entry staircase leads to a large gameroom that is open to 2 large bedrooms each with ensuite bathrooms, study and Media room. Check out the Texas attic, great storage. Relax on the covered back patio and enjoy the view.

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: 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
 

$416,250$508,750$462,500

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$1,606
Property Tax -$1,093
Property Insurance -$238
HOA -$40
Property Management Fees -$99
CASH FLOW
-$446

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.

$462,500

PROJECTED PRICE

$2,630

PROJECTED RENT

0.57%

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$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,313

INVESTMENT

$128,313

Down Payment
$115,625
Rehab Estimate
$5,750
Closing Costs
$6,938

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,606

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,625
Loan Amount $346,875
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$560

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,842

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,630
1$2,6302$2,7003$2,9004$2,9005$3,045
$3,045
RENT COMPS ANALYSIS
  • 6710 Lake Meadow Lane Sachse, TX 1
    • 4 beds 4 baths ∙ 3,644 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,644 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $0.72
    •  
  • 4328 Oak Bluff Lane Sachse, TX 2
    • 5 beds 4 baths ∙ 3,586 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,586 Sqft ∙ Built 2006
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.75
    •  
  • 7823 Meadow Glen Drive Sachse, TX 3
    • 5 beds 4 baths ∙ 3,575 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,575 Sqft ∙ Built 2006
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.81
    •  
  • 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
Teresa Mapes
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14503723
Last Updated: 01/23/2021
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