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102 Hunters Glen Drive Wylie, TX 75098

3 Beds 2 Baths 1,550 sqft Built 1985

$275,123

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $177.50
  • 4 Days on Market
  • MLS # : 14510682
  • Updated Date : 02/06/2021 at 16:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,550 sqft
  • Baths : 2 full
Listing Agent

Jeanie Marten Real Estate, Llc

Listing Agent's Description

MULTIPLE OFFERS RECEIVED. HIGHEST & BEST BY 4PM SUNDAY FEB 7th. THANK YOU. Located on a large lot in a quiet cul-de-sac, this home features shade trees, sunny patio, pergola & huge barn! The light & bright family room is centered round a see-through, gas log fireplace. The kitchen & dining enjoy a truly warm ambiance that the fireplace & sunny view brings to this space. The island has storage & seating space for family gatherings. Master suite features walk in closet & private bath. The utility room features lots of pantry storage & sink. The garage has 2 parking spaces (3rd bay converted to office-storage). The large patio features a pergola & water feature.

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: Hunters Glen

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $122k338k

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

Neighborhood: Hunters Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800Rent in $11261898

* 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
Hillside Academy For Excel Primary Magnet 463 29 10
Classical Center At Brandenburg Middle School Middle Magnet 1,158 64 8
Sachse High School High Regular 2,859 159 7

Hillside Academy For Excel

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
GreatSchools Rating

Classical Center At Brandenburg Middle School

  • Education Level: Middle
  • # of students: 1,158
  • # of teachers: 64
8
GreatSchools Rating

Sachse High School

  • Education Level: High
  • # of students: 2,859
  • # of teachers: 159
7
GreatSchools Rating
 

$247,611$302,635$275,123

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$956
Property Tax -$485
Property Insurance -$117
Property Management Fees -$99
CASH FLOW
-$157

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$275,123

PROJECTED PRICE

$1,500

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,658

INVESTMENT

$78,658

Down Payment
$68,781
Rehab Estimate
$5,750
Closing Costs
$4,127

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$956

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,781
Loan Amount $206,342
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$3,712

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,635

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6503$1,8504$1,8955$1,900
$1,900
RENT COMPS ANALYSIS
  • 102 Hunters Glen Drive Wylie, TX 1
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.97
    •  
  • 10618 Augusta Lane Rowlett, TX 2
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 2000
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.07
    •  
  • 110 Cliffbrook Drive Wylie, TX 3
    • 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.07
    •  
  • 10617 Wolfcreek Lane Rowlett, TX 4
    • 3 beds 2 baths ∙ 1,807 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,807 Sqft ∙ Built 2001
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.05
    •  
  • 10510 Augusta Lane Rowlett, TX 5
    • 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 2000
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.03
    •  
PROPERTY LISTING DETAILS
Brenda Byboth
Jeanie Marten Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14510682
Last Updated: 02/06/2021
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