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107 Cobblestone Drive Wylie, TX 75098

5 Beds 4 Baths 2,632 sqft Built 2001

$339,900

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $129.14
  • 8 Days on Market
  • MLS # : 14497408
  • Updated Date : 01/11/2021 at 10:29
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,632 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty Tyler

Listing Agent's Description

LOCATION...Pulte home in Lakeside Estates with community pool, park & pond. Wylie Independent School District. Close to everything you can imagine. 5 bedrooms with downstairs master suite and upstairs game room or 2nd liv area. 2 full baths up with split bedroom arrangement. Tons of storage - multiple linen closets plus additional storage under staircase. Living area with wood burning, gas starter fireplace open to kitchen & breakfast area. Formal dining, currently used as an office. Custom Foley salt water heated pool & spa, fenced off plus additional yard & great patio area for cookouts. Exterior updates in 2016: exterior repainted, roof replaced, & both exterior HVAC units replaced.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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
Raymond B. Cooper Junior High School Middle Regular 748 44 10
Raymond B. Cooper Junior High School High Regular 748 44 10

R.v.groves Elementary School

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

$305,910$373,890$339,900

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,181
Property Tax -$703
Property Insurance -$179
HOA -$25
Property Management Fees -$99
CASH FLOW
-$127

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.

$339,900

PROJECTED PRICE

$2,060

PROJECTED RENT

0.61%

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$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$6,488

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,987

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,8953$2,0604$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 107 Cobblestone Drive Wylie, TX 3
    • 5 beds 4 baths ∙ 2,632 Sqft ∙ Built 2001 5 beds 4 baths ∙ 2,632 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.78
    •  
  • 2708 Sequoia Lane Wylie, TX 1
    • 4 beds 2 baths ∙ 2,679 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,679 Sqft ∙ Built 2004
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.71
    •  
  • 3602 Olivia Drive Wylie, TX 2
    • 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2002
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.75
    •  
  • 103 Goldenrain Drive Wylie, TX 4
    • 4 beds 2 baths ∙ 2,630 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,630 Sqft ∙ Built 2004
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.80
    •  
  • 3110 Springwell Parkway Wylie, TX 5
    • 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2000
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.76
    •  
PROPERTY LISTING DETAILS
Jaroslava Knittich
Keller Williams Realty Tyler
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497408
Last Updated: 01/11/2021
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