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1118 Arthurs Court Wylie, TX 75098

4 Beds 2 Baths 2,065 sqft Built 2008

$287,500

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $139.23
  • 2 Days on Market
  • MLS # : 14447606
  • Updated Date : 11/13/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,065 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

HONEY I'M HOME! Breathe in a country atmosphere within a subdivision. Spacious 4-2-2 with open floor plan and split bedroom arrangement. Arched and open doorways with an abundance of natural lighting. Kitchen has a large copper sink and plenty of cabinets and storage space. Master bedroom makes a great retreat and features dual sinks, garden tub, and separate shower. Enjoy the natural habitat of the birds and small animals from your backyard or breakfast table. Oversized Patio extended out from a 6x16 to an extra 8'x29' Has a great view of a field and trees. Serenity in the City. Can't beat it! Make your appointment today!

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
A.b. Harrison Intermediate School Primary Regular 658 39 8
Grady Burnett Junior High School Middle Regular 725 43 9
Wylie East High School High Regular 1,718 109 8

A.b. Harrison Intermediate School

  • Education Level: Primary
  • # of students: 658
  • # of teachers: 39
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
 

$258,750$316,250$287,500

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,061
Property Tax -$595
Property Insurance -$147
HOA -$20
Property Management Fees -$99
CASH FLOW
-$51

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.

$287,500

PROJECTED PRICE

$1,870

PROJECTED RENT

0.65%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,938

INVESTMENT

$81,938

Down Payment
$71,875
Rehab Estimate
$5,750
Closing Costs
$4,313

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,061

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,875
Loan Amount $215,625
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,571

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,988

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,8703$1,8954$2,0005$2,095
$2,095
RENT COMPS ANALYSIS
  • 1118 Arthurs Court Wylie, TX 2
    • 4 beds 2 baths ∙ 2,065 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,065 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.91
    •  
  • 1103 Destiny Court Wylie, TX 1
    • 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.90
    •  
  • 1306 Canyon Creek Road Wylie, TX 3
    • 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2010
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.99
    •  
  • 1110 Old Knoll Drive Wylie, TX 4
    • 4 beds 2 baths ∙ 2,064 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,064 Sqft ∙ Built 1990
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
  • 1200 Old Knoll Drive Wylie, TX 5
    • 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 1991
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.99
    •  
PROPERTY LISTING DETAILS
Sharilyn Hill Zupan
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14447606
Last Updated: 11/13/2020
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