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1301 Cedar Branch Drive Wylie, TX 75098

4 Beds 3 Baths 2,547 sqft Built 2006

$305,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $119.75
  • 4 Days on Market
  • MLS # : 14535567
  • Updated Date : 03/19/2021 at 15:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,547 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bishop Country Realty

Listing Agent's Description

This home is the one you've been looking for! Lots of updates including solar screens, new HVAC, kitchen appliances and more. Spectacular floorplan features lots of room with large kitchen open to living, study and master suite downstairs. Three additional bedrooms and large gameroom located up. The large backyard is perfect for cookouts or just enjoying the weather. Excellent Wylie ISD school district! This community features lots of amenities for you to enjoy from a neighborhood pool, to private fishing lake, trails and playspace.

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
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,059
Property Tax -$631
Property Insurance -$174
HOA -$42
Property Management Fees -$99
CASH FLOW
$14

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.

$305,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.66%

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$13,713

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,101

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9953$2,0204$2,2005$2,315
$2,315
RENT COMPS ANALYSIS
  • 1301 Cedar Branch Drive Wylie, TX 3
    • 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.79
    •  
  • 1208 Chestnut Hill Drive Wylie, TX 1
    • 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2005
    property image
    LEASED 10/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.78
    •  
  • 1222 Iron Horse Street Wylie, TX 2
    • 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2006
    property image
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.78
    •  
  • 1709 Oak Glen Drive Wylie, TX 4
    • 3 beds 3 baths ∙ 2,568 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,568 Sqft ∙ Built 2013
    property image
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.86
    •  
  • 1307 Hidden Valley Drive Wylie, TX 5
    • 3 beds 3 baths ∙ 2,622 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,622 Sqft ∙ Built 2013
    property image
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,315
    • $0.88
    •  
PROPERTY LISTING DETAILS
Marissa Bishop
Bishop Country Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14535567
Last Updated: 03/19/2021
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