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7234 Lake Hill Trail Sachse, TX 75048

4 Beds 3 Baths 2,984 sqft Built 2008

$365,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $122.32
  • 6 Days on Market
  • MLS # : 14489683
  • Updated Date : 12/22/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,984 sqft
  • Baths : 3 full
Listing Agent

Citiwide Properties Corp.

Listing Agent's Description

This beautiful spacious 4-bed, 3-bath, and 2- car garage corner lot home with a study, game room, upgrades such as extension on master. The fireplace has stone elevation with double mantles and stone hearth. A cozy place to entertain family and friends.Wood floor thru out the house. Nice landscape.

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
A.b. Harrison Intermediate School Primary Regular 658 39 8
Grady Burnett Junior High School Middle Regular 725 43 9
Wylie East High School High Regular 1,718 109 8

A.b. Harrison Intermediate School

  • Education Level: Primary
  • # of students: 658
  • # of teachers: 39
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
 

$328,500$401,500$365,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,347
Property Tax -$765
Property Insurance -$200
HOA -$75
Property Management Fees -$99
CASH FLOW
-$245

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.

$365,000

PROJECTED PRICE

$2,240

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

PROJECTED ANNUAL CASH FLOW

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

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,597

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,253

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,240
1$2,2402$2,3003$2,3004$2,3505$2,500
$2,500
RENT COMPS ANALYSIS
  • 7234 Lake Hill Trail Sachse, TX 1
    • 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.75
    •  
  • 1900 Fairway Glen Drive Wylie, TX 2
    • 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
    •  
  • 1909 Fairlake Drive Wylie, TX 3
    • 4 beds 3 baths ∙ 3,177 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,177 Sqft ∙ Built 2008
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.72
    •  
  • 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
Hung Dinh
Citiwide Properties Corp.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14489683
Last Updated: 12/22/2020
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