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1121 Eagle Lake Court Wylie, TX 75098

4 Beds 2 Baths 1,690 sqft Built 2002

$262,976

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $155.61
  • 2 Days on Market
  • MLS # : 14510890
  • Updated Date : 02/06/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,690 sqft
  • Baths : 2 full
Listing Agent

Custom Real Estate Company

Listing Agent's Description

Come home to this delightful, well maintained, 4 bedroom, 2 baths home, on a corner lot, in the sought-after city of Wylie. The ample yard with privacy fence and the sizable, covered patio, are perfect extended areas to entertain friends and family. Bring up a few chairs and sit around the fire in the space made ready for you, or just relax in the delightful, 2 year old hot tub! The inside boasts custom finishes throughout, including marble countertops in the kitchen, granite in bathrooms, custom masonry work, double vanities, oversized Master shower, and so much more!

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
 

$236,678$289,274$262,976

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$913
Property Tax -$544
Property Insurance -$125
Property Management Fees -$99
CASH FLOW
$9

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.

$262,976

PROJECTED PRICE

$1,690

PROJECTED RENT

0.64%

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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,439

INVESTMENT

$75,439

Down Payment
$65,744
Rehab Estimate
$5,750
Closing Costs
$3,945

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$913

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,744
Loan Amount $197,232
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$12,233

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,732

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,690
1$1,6902$1,7503$1,7754$1,7955$1,850
$1,850
RENT COMPS ANALYSIS
  • 1121 Eagle Lake Court Wylie, TX 1
    • 4 beds 2 baths ∙ 1,690 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,690 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.00
    •  
  • 213 Lake Travis Drive Wylie, TX 2
    • 4 beds 2 baths ∙ 1,688 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,688 Sqft ∙ Built 2001
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
  • 325 Lake Wichita Drive Wylie, TX 3
    • 4 beds 2 baths ∙ 1,784 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,784 Sqft ∙ Built 2001
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.99
    •  
  • 1105 Deer Lake Court Wylie, TX 4
    • 4 beds 2 baths ∙ 1,691 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,691 Sqft ∙ Built 2002
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.06
    •  
  • 111 Shadybrook Drive Wylie, TX 5
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2005
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.01
    •  
PROPERTY LISTING DETAILS
Natalia Bennett
Custom Real Estate Company
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14510890
Last Updated: 02/06/2021
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