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104 N Rolling Meadows Drive Wylie, TX 75098

4 Beds 3 Baths 2,676 sqft Built 2001

$330,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $123.32
  • 4 Days on Market
  • MLS # : 14505518
  • Updated Date : 02/27/2021 at 14:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,676 sqft
  • Baths : 3 full
Listing Agent

Dhs Realty

Listing Agent's Description

Come check out this gem sitting in the heart of the vey sought after Wylie ISD. This home features 4 bedrooms, 3 full bathrooms, 2 living spaces, and a separate dinning room all spread out in 2,678 sqft. With plenty of space in the backyard for children, pets, and outdoor fun for adults. This home has a patio area big enough for outdoor lounging and a jungle gym for young ones to play on. This 2 story home has a great open floorplan from the kitchen to the breakfast nook and first floor living space. Sellers have replaced the following: Hail grade roof - 2016 Hot water Heater - 2019 2 AC Units - 2017 All carpet replaced - 2017 Microwave and Oven- 2020 Interior paint - 2020 Come take a look!

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

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
P.m. Akin Elementary School Primary Regular 517 32 8
Grady Burnett Junior High School Middle Regular 725 43 9
Wylie East High School High Regular 1,718 109 8

P.m. Akin Elementary School

  • Education Level: Primary
  • # of students: 517
  • # of teachers: 32
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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,146
Property Tax -$683
Property Insurance -$182
Property Management Fees -$99
CASH FLOW
-$70

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.

$330,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.62%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$9,545

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,141

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,0403$2,0954$2,1505$2,315
$2,315
RENT COMPS ANALYSIS
  • 104 N Rolling Meadows Drive Wylie, TX 2
    • 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.76
    •  
  • 1100 Arthurs Court Wylie, TX 1
    • 4 beds 3 baths ∙ 2,578 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,578 Sqft ∙ Built 2008
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.74
    •  
  • 706 Ireland Way Wylie, TX 3
    • 4 beds 2 baths ∙ 2,649 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,649 Sqft ∙ Built 2009
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.79
    •  
  • 1103 Arthurs Court Wylie, TX 4
    • 4 beds 2 baths ∙ 2,726 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,726 Sqft ∙ Built 2006
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.79
    •  
  • 1307 Hidden Valley Drive Wylie, TX 5
    • 3 beds 3 baths ∙ 2,622 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,622 Sqft ∙ Built 2013
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,315
    • $0.88
    •  
PROPERTY LISTING DETAILS
Jasmine Hunter
Dhs Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505518
Last Updated: 02/27/2021
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