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7423 Vista Ridge Lane Sachse, TX 75048

3 Beds 2 Baths 2,095 sqft Built 1999

$289,900

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $138.38
  • 1 Days on Market
  • MLS # : 14466942
  • Updated Date : 11/08/2020 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,095 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Corner lot home in Woodbridge Subdivision located in Wylie ISD. This awesome single story home offers 3 bedroom 2 bath ample space to enjoy! Open concept kitchen with large breakfast bar and flows into the family room. L shaped backyard that is great for party hosting during anytime of the year. Updates include: Luxury Wood floors, new AC and heating unit, tankless water heater, epoxy garage floors, new garage door openers, new dishwasher, upgraded countertops and backsplash, recessed lighting, new front and rear doors, Solar screens to allow ample light, reduce glare, and allows amazing privacy.

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
 

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

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,070
Property Tax -$607
Property Insurance -$148
HOA -$42
Property Management Fees -$99
CASH FLOW
-$146

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

$1,820

PROJECTED RENT

0.63%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$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 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$5,360

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,959

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8203$1,8504$1,9505$2,300
$2,300
RENT COMPS ANALYSIS
  • 7423 Vista Ridge Lane Sachse, TX 2
    • 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.87
    •  
  • 7029 Hillwood Drive Sachse, TX 1
    • 3 beds 3 baths ∙ 1,963 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,963 Sqft ∙ Built 2000
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.91
    •  
  • 7030 Hillshire Lane Sachse, TX 3
    • 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2001
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.88
    •  
  • 6916 Hillwood Drive Sachse, TX 4
    • 3 beds 2 baths ∙ 2,096 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,096 Sqft ∙ Built 2002
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 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
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.02
    •  
PROPERTY LISTING DETAILS
Antwonette Mayberry
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466942
Last Updated: 11/08/2020
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