Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6814 Falcon Crest Lane Sachse, TX 75048

4 Beds 2 Baths 2,351 sqft Built 2003

$349,500

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $148.66
  • 2 Days on Market
  • MLS # : 14481700
  • Updated Date : 12/12/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,351 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors Plano

Listing Agent's Description

Beautifully updated spacious Four Bedroom 1-Story Home w-Sparkling Pool & Spa in Woodbridge! Kitchen updates include gorgeous natural quartzite countertops, glass & marble backsplash, SS appliances, designer LED light fixtures above island & nook, Halo LED lighting on recessed lighting in Kitchen & Living Rm. Butler pantry leading into Formal Dining Rm. Large Open Floorplan features Split Bedrooms, Kitchen opens to Living Rm,Brick Fireplace, Tranquil Views of Pool from Breakfast Nook, Living Rm, Master Suite. Enjoy pool & outdoor living year round in the Pool & Spa w option to heat!Updates: LED color changing Pool light & Spa light in 2019.Hardsurface flooring throughout home, no carpet.Enjoy golf,pool,parks!

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
 

$314,550$384,450$349,500

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,290
Property Tax -$826
Property Insurance -$163
HOA -$40
Property Management Fees -$99
CASH FLOW
-$428

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.

$349,500

PROJECTED PRICE

$1,990

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,368

INVESTMENT

$98,368

Down Payment
$87,375
Rehab Estimate
$5,750
Closing Costs
$5,243

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,290

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,375
Loan Amount $262,125
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$153

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,975

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$1,9254$1,9505$1,990
$1,990
RENT COMPS ANALYSIS
  • 6814 Falcon Crest Lane Sachse, TX 5
    • 4 beds 2 baths ∙ 2,351 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,351 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.85
    •  
  • 324 Highland Creek Drive Wylie, TX 1
    • 3 beds 2 baths ∙ 2,242 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,242 Sqft ∙ Built 2006
    property image
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
  • 6504 Parkview Drive Sachse, TX 2
    • 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 1985
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.84
    •  
  • 1907 Fair Parke Lane Wylie, TX 3
    • 4 beds 2 baths ∙ 2,298 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,298 Sqft ∙ Built 2009
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.84
    •  
  • 1903 Fairway Glen Drive Wylie, TX 4
    • 3 beds 2 baths ∙ 2,298 Sqft ∙ Built 2009 3 beds 2 baths ∙ 2,298 Sqft ∙ Built 2009
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
PROPERTY LISTING DETAILS
Robin Cappelli
Ebby Halliday, Realtors Plano
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481700
Last Updated: 12/12/2020
BESbswy