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1300 Lonesome Dove Trail 
Wylie, TX
75098
3 Beds 2 Baths 1,783 sqft
Built 2001
INVESTimate
$279,900
List Price
$79,924
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PROPERTY INFO
FACTS
- Built In 2001
- Price/Sqft : $156.98
- 2 Days on Market
- MLS # : 14420423
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,783 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
Meticulously maintained one owner home features open kitchen with ample counter and cabinet space that opens to huge living room with corner wood burning fireplace. Split master suite with huge bath and separate tub and shower. Extensive tile throughout and recent carpet in bedrooms. Step into the backyard oasis and enjoy your own stunnng private pool, 28x13 covered patio and 8 ft board on board privacy fence. 16x8 storage building. 2-car garage, plus 2-car carport. This home has it all and is ready for new owners now.
SEE MORE
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75098
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$579 | |
| Property Insurance | -$130 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$31
|
||
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.
$279,900
PROJECTED PRICE
$1,810
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.85% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,924
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,975 |
| Loan Amount | $209,925 |
4.17
YEARS SAVED
$12,955
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,805
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
1300 Lonesome Dove Trail Wylie, TX 5
- 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,810
- $1.02
-
1206 Lonesome Dove Trail Wylie, TX 1
- 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 2001
LEASED 09/27/19- Rent
- Rent Per SQFT
- $1,645
- $1.04
-
1416 Starpoint Lane Wylie, TX 2
- 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1999
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,650
- $1.04
-
1205 Leeward Lane Wylie, TX 3
- 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1999
LEASED 02/05/20- Rent
- Rent Per SQFT
- $1,650
- $0.93
-
1410 Starpoint Lane Wylie, TX 4
- 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1999
LEASED 08/17/20- Rent
- Rent Per SQFT
- $1,695
- $1.04
PROPERTY LISTING DETAILS
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420423
Last Updated: 08/25/2020
