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1004 Rockton Drive Wylie, TX 75098

4 Beds 2 Baths 2,092 sqft Built 2003

$319,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $152.49
  • 3 Days on Market
  • MLS # : 14524686
  • Updated Date : 03/06/2021 at 12:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,092 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Prosper Celina

Listing Agent's Description

MUST SEE! Amazing one story home waiting to welcome you! Layout is a great use of space: door opens to a freshly painted formal dining living combo. Directly across the hall is an office with French doors which can be converted to a fourth bedroom. The oversized owners bedroom has walk-in closet, incredible ensuite shower and tub. The split secondary bedrooms are strategically located for added privacy. The pool sized back yard has a pizza brick oven, a sprinkler system and a natural irrigation solution. The house comes with a fridge, washer, dryer and plenty of flower beds. Location is everything, an amazing neighborhood for shopping, dining and entertainment. This just might be the perfect home for you!

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

Zip Code: 75098

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 75098

ZipNIR 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
R.v.groves Elementary School Primary Regular 632 40 9
Wylie High School High Regular 2,061 127 9

R.v.groves Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 40
9
GreatSchools Rating

Wylie High School

  • Education Level: High
  • # of students: 2,061
  • # of teachers: 127
9
GreatSchools Rating
 

$287,100$350,900$319,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,108
Property Tax -$660
Property Insurance -$148
HOA -$30
Property Management Fees -$99
CASH FLOW
-$165

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.

$319,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.9%
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-$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$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,108

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$4,077

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,867

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8753$1,8804$1,8955$1,950
$1,950
RENT COMPS ANALYSIS
  • 1004 Rockton Drive Wylie, TX 3
    • 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.90
    •  
  • 3012 Connor Lane Wylie, TX 1
    • 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 2004
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.89
    •  
  • 2907 Ryan Lane Wylie, TX 2
    • 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 2006
    property image
    LEASED 03/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.94
    •  
  • 2914 Abby Lane Wylie, TX 4
    • 4 beds 2 baths ∙ 2,178 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,178 Sqft ∙ Built 2005
    property image
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.87
    •  
  • 3303 Warwick Court Wylie, TX 5
    • 4 beds 2 baths ∙ 2,247 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,247 Sqft ∙ Built 2002
    property image
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.87
    •  
PROPERTY LISTING DETAILS
Yasmine Doufikar
Keller Williams Prosper Celina
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14524686
Last Updated: 03/06/2021
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