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7401 Bronco Bluff Sachse, TX 75048

4 Beds 3 Baths 2,549 sqft Built 2021

$486,249

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $190.76
  • 6 Days on Market
  • MLS # : 14511101
  • Updated Date : 02/05/2021 at 09:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,549 sqft
  • Baths : 2 full , 1 half
Listing Agent

Meritage Homes Realty

Listing Agent's Description

Brand NEW energy-efficient home ready June 2021! The Lavaca’s well-appointed kitchen doubles as seating for informal meals at the breakfast bar. The main level primary suite offers privacy from the second-story bedrooms as well as the shared game and media spaces. Ranch Park Village is located in the sought-after Wylie ISD, the community is just 30-minutes from downtown Dallas. Known for their energy-efficient features, our homes help you live a healthier and quieter lifestyle while saving thousands of dollars on utility bills.

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: Sachse

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Sachse

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262771

* 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
Don Whitt Elementary School Primary Regular 568 36 10
Raymond B. Cooper Junior High School Middle Regular 748 44 10
Raymond B. Cooper Junior High School High Regular 748 44 10

Don Whitt Elementary School

  • Education Level: Primary
  • # of students: 568
  • # of teachers: 36
10
GreatSchools Rating

Raymond B. Cooper Junior High School

  • Education Level: Middle
  • # of students: 748
  • # of teachers: 44
10
GreatSchools Rating

Raymond B. Cooper Junior High School

  • Education Level: High
  • # of students: 748
  • # of teachers: 44
10
GreatSchools Rating
 

$437,624$534,874$486,249

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,689
Property Tax -$933
Property Insurance -$175
HOA -$35
Property Management Fees -$99
CASH FLOW
-$551

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$486,249

PROJECTED PRICE

$2,380

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 3.00%
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$130,856

INVESTMENT

$130,856

Down Payment
$121,562
Rehab Estimate
$2,000
Closing Costs
$7,294

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,689

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,562
Loan Amount $364,687
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$261

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,364

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,3003$2,3804$2,3905$2,400
$2,400
RENT COMPS ANALYSIS
  • 7401 Bronco Bluff Sachse, TX 3
    • 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $0.93
    •  
  • 7311 Hawk Lane Sachse, TX 1
    • 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 2004
    property image
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
  • 7208 Crane Drive Sachse, TX 2
    • 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 2004
    property image
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.96
    •  
  • 3615 Meadow Bluff Lane Sachse, TX 4
    • 3 beds 2 baths ∙ 2,523 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,523 Sqft ∙ Built 2008
    property image
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.95
    •  
  • 6912 Shady View Court Sachse, TX 5
    • 4 beds 2 baths ∙ 2,630 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,630 Sqft ∙ Built 2010
    property image
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.91
    •  
PROPERTY LISTING DETAILS
Patrick Mcgrath
Meritage Homes Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14511101
Last Updated: 02/05/2021
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