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104 Turks Cap Trail Wylie, TX 75098

3 Beds 2 Baths 1,891 sqft Built 2018

$399,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $211.48
  • 2 Days on Market
  • MLS # : 14529138
  • Updated Date : 03/20/2021 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,891 sqft
  • Baths : 2 full
Listing Agent

Griffith Group, Realtors

Listing Agent's Description

Gorgeous 1 story home located in Dominion of Wylie boasts an amazing pool oasis and outdoor living area with fireplace. Just minutes from 190 George Bush Turnpike, Firewheel Mall and next door to Woodbridge in Sachse, this rare find epitomizes sophistication and charm with upgrades and energy efficiencies. The home features an upgraded vent hood, over-sized kitchen island, stone and cedar fireplace, stainless double oven, gourmet gas cooktop, numerous niches, mud room, separate master, extensive landscaping and premium sized backyard. The meticulous care make this home special and absolutely move-in ready, with no detail ignored. A 3D virtual tour is available to experience this home online.

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
Watkins Elementary School Primary Regular 609 40 8
Grady Burnett Junior High School Middle Regular 725 43 9
Wylie East High School High Regular 1,718 109 8

Watkins Elementary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 40
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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,389
Property Tax -$827
Property Insurance -$136
HOA -$83
Property Management Fees -$99
CASH FLOW
-$595

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.

$399,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.49%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$6

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,844

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8003$1,8954$1,9405$2,000
$2,000
RENT COMPS ANALYSIS
  • 104 Turks Cap Trail Wylie, TX 4
    • 3 beds 2 baths ∙ 1,891 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,891 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $1.03
    •  
  • 318 Highland Fairway Lane Wylie, TX 1
    • 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 2007
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.00
    •  
  • 1923 Highland Haven Lane Wylie, TX 2
    • 3 beds 2 baths ∙ 1,965 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,965 Sqft ∙ Built 2007
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 333 Highland Glen Drive Wylie, TX 3
    • 3 beds 2 baths ∙ 1,965 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,965 Sqft ∙ Built 2005
    property image
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.96
    •  
  • 308 Highland Park Lane Wylie, TX 5
    • 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2007
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
PROPERTY LISTING DETAILS
Craig Griffith
Griffith Group, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14529138
Last Updated: 03/20/2021
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