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6802 Lakehurst Lane Sachse, TX 75048

4 Beds 4 Baths 3,089 sqft Built 2002

$374,999

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $121.40
  • 3 Days on Market
  • MLS # : 14477665
  • Updated Date : 11/27/2020 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,089 sqft
  • Baths : 3 full , 1 half
Listing Agent

Jp And Associates Realtors

Listing Agent's Description

FULLY REMODELED home with Meticulous attention to detail! Don't Miss this Beautiful OPEN floorplan with 4 bedrooms, 3.5 baths ready to welcome you! A DREAM Kitchen that boasts a HUGE island perfect for entertaining with extra seating, granite countertops and Updated fixtures. All of this complimented by the beautiful tile flooring throughout the entire 1st floor & new carpet upstairs! Office space, dining and utility room right off the entry way with the master bedroom and full bath on the 1st floor. Upstairs awaits a LARGE Game room with 3 additional bedrooms and 2 full bathrooms. This home is located in the sought after neighborhood of Woodbridge a golfing community with pools, parks, and walking trails.

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
 

$337,499$412,499$374,999

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,384
Property Tax -$886
Property Insurance -$206
HOA -$40
Property Management Fees -$99
CASH FLOW
-$415

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.

$374,999

PROJECTED PRICE

$2,200

PROJECTED RENT

0.59%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,249
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$378

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,379

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3003$2,3004$2,3505$2,500
$2,500
RENT COMPS ANALYSIS
  • 6802 Lakehurst Lane Sachse, TX 1
    • 4 beds 4 baths ∙ 3,089 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,089 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.71
    •  
  • 2000 Fairway Wind Court Wylie, TX 2
    • 4 beds 3 baths ∙ 2,962 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,962 Sqft ∙ Built 2007
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.78
    •  
  • 1900 Fairway Glen Drive Wylie, TX 3
    • 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
    •  
  • 419 Fairland Drive Wylie, TX 4
    • 4 beds 3 baths ∙ 3,124 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,124 Sqft ∙ Built 2011
    LEASED 01/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.75
    •  
  • 2117 Highland Drive Wylie, TX 5
    • 5 beds 4 baths ∙ 3,138 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,138 Sqft ∙ Built 2005
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.80
    •  
PROPERTY LISTING DETAILS
April Clark
Jp And Associates Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477665
Last Updated: 11/27/2020
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