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6908 Sable Lane Sachse, TX 75048

4 Beds 2 Baths 2,082 sqft Built 1999

$289,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $139.24
  • 2 Days on Market
  • MLS # : 14513403
  • Updated Date : 02/06/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,082 sqft
  • Baths : 2 full
Listing Agent

Texas Sold Team Realty, Llc

Listing Agent's Description

Beautiful home in highly sought after neighborhood. Large living area open to breakfast nook and kitchen. Lots of natural light, Split bedrooms, Master with dual sinks, separate shower, large walk in closet. Open patio and large back yard are great for entertaining. Very well maintained and ready for new owners.

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: Sable Hills Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Sable Hills Estates

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
Cheri Cox Elementary School Primary Regular 626 40 8
Grady Burnett Junior High School Middle Regular 725 43 9
Wylie East High School High Regular 1,718 109 8

Cheri Cox Elementary School

  • Education Level: Primary
  • # of students: 626
  • # of teachers: 40
8
GreatSchools Rating

Grady Burnett Junior High School

  • Education Level: Middle
  • # of students: 725
  • # of teachers: 43
9
GreatSchools Rating

Wylie East High School

  • Education Level: High
  • # of students: 1,718
  • # of teachers: 109
8
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,007
Property Tax -$607
Property Insurance -$148
Property Management Fees -$99
CASH FLOW
$39

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.

$289,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.3%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$15,464

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,931

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,745
1$1,7452$1,7503$1,9004$1,9005$2,300
$2,300
RENT COMPS ANALYSIS
  • 6908 Sable Lane Sachse, TX 4
    • 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
  • 3429 Sachse Road Sachse, TX 1
    • 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 1984
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.92
    •  
  • 3424 Tina Street Sachse, TX 2
    • 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1986
    property image
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
  • 6504 Parkview Drive Sachse, TX 3
    • 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
    •  
  • 7512 Vista Creek Lane Sachse, TX 5
    • 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 1999
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.02
    •  
PROPERTY LISTING DETAILS
Cynthia Stewart
Texas Sold Team Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14513403
Last Updated: 02/06/2021
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