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8106 Graystone Drive Sachse, TX 75048

5 Beds 4 Baths 4,515 sqft Built 2017

INVESTimate

$525,000

List Price

$2,610

$2,360 - $2,860

Rent Est.

$558,600  ( +6.40%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $116.28
  • 7 Days on Market
  • MLS # : 14417391
  • Updated Date : 08/25/2020 at 17:50
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,515 sqft
  • Baths : 4 full
Listing Agent

Fathom Realty

Listing Agent's Description

Gorgeous barely lived in Gallery Custom Homes- located on an over-sized cul-de-sac lot, perfect for entertaining family and friends. Open floor plan featuring Chef Kitchen- large island, granite counter tops, 42 in custom cabinets, double ovens and a 36 in gas cook top! Media room set up with Epson projector. screen and surround sound. Owners retreat & large office on the 1st floor. Huge covered patio with gas stub, looks out to the Texas sized backyard! Enjoy Woodbridge amenities featuring a club house, community pool, golf, greenbelt, jogging path-bike path, park, playground, private lake-pond.

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
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
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$18k-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$1,937
Property Tax -$1,100
Property Insurance -$288
HOA -$40
Property Management Fees -$99
CASH FLOW
-$854

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.

$525,000

PROJECTED PRICE

$2,610

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.40%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

$2

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $0.58

    LIST RENT PER SQFT
  • $2,844

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$2,610
1$2,6102$2,800
$2,800
RENT COMPS ANALYSIS
  • 8106 Graystone Drive Sachse, TX 1
    • 5 beds 4 baths ∙ 4,515 Sqft ∙ Built 2017 5 beds 4 baths ∙ 4,515 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $0.58
    •  
  • 8205 Fallbrook Sachse, TX 2
    • 5 beds 4 baths ∙ 4,426 Sqft ∙ Built 2016 5 beds 4 baths ∙ 4,426 Sqft ∙ Built 2016
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.63
    •  
PROPERTY LISTING DETAILS
Ashley Honargohar
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417391
Last Updated: 08/25/2020
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