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1301 Hickory Woods Wylie, TX 75098

5 Beds 4 Baths 3,331 sqft Built 2020

$463,175

List Price

$2,460

$2.2K - $2.7K

Rent Est.

$124,741

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+8.8%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.9%
Cash Flow	$132
Value Increase	$41,168

10 YEAR

Cash On Cash	-0.9%
Total Return	14.1%

PROPERTY INFO

Built 2020 NEW CONSTRUCTION

November 24, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 2020
Price/Sqft : $139.05
6 Days on Market
MLS # : 14477042
Updated Date : 11/25/2020 at 09:51

CONSTRUCTION

Beds : 5
Floor Size : 3,331 sqft
Baths : 4 full

Listing Agent

Highland Homes Realty

Listing Agent's Description

MLS# 14477042 - Built by Highland Homes - March completion! ~ 2 Story, 5 bedroom, 4 bath, family room, game room, play room, study, formal dining, extended covered patio, master bay window extension, 3 car tandem garage Corner lot! This open concept home includes soaring vaulted ceilings, white cabinets, Level 3 quartz countertops, large island with sink, walk-in pantry, gas cooktop & built in oven & Microwave, GE appliances, wood flooring, carpet & pad upgrade in bedrooms, iron railing, mahogany entry door and stone fireplace

1 of 32 X

MARKET HIGHLIGHTS

Dallas Market Report

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)

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

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

GreatSchools Rating

Grady Burnett Junior High School

Education Level: Middle
# of students: 725
# of teachers: 43

GreatSchools Rating

Wylie East High School

Education Level: High
# of students: 1,718
# of teachers: 109

GreatSchools Rating

FINANCIALS

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$416,858$509,49300$463,175

PURCHASE PRICE

$2,214$2,70600$2,460

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$2,460
EXPENSES	Loan Payment	-$1,709
	Property Tax	-$380
	Property Insurance	-$220
	HOA	-$42
	Property Management Fees	-$99



CASH FLOW $11

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$463,175

PROJECTED PRICE

$2,460

PROJECTED RENT

0.53%

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)	3.00%
Vacancy	6.93%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$124,741

Down Payment	$115,794
Rehab Estimate	$2,000
Closing Costs	$6,948

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,709

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$115,794
Loan Amount	$347,381

See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$32,972

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$2,460
LIST RENT
$0.74
LIST RENT PER SQFT

$2,398
COMP ESTIMATED VALUE
$0.72
COMP AVG. RENT PER SQFT

Comps Range

$2,195

1$2,1952$2,2953$2,4504$2,4605$2,550

$2,550

RENT COMPS ANALYSIS

3,331
PROPERTY SQFT
$0.72
AVG RENT PER SQFT
$2,398
ESTIMATED VALUE
$2,460
LIST RENT

1301 Hickory Woods Wylie, TX 5

5 beds 4 baths ∙ 3,331 Sqft ∙ Built 2020 5 beds 4 baths ∙ 3,331 Sqft ∙ Built 2020
Price

Price Per SQFT

$463,175

$139.05
1609 Cherry Blossom Court Wylie, TX 1

5 beds 4 baths ∙ 3,212 Sqft ∙ Built 2019 5 beds 4 baths ∙ 3,212 Sqft ∙ Built 2019
SOLD 07/27/20
Price

Price Per SQFT

$400,000

$124.53
1315 Spotted Owl Avenue Wylie, TX 2

5 beds 4 baths ∙ 3,311 Sqft ∙ Built 2020 5 beds 4 baths ∙ 3,311 Sqft ∙ Built 2020
SOLD 08/25/20
Price

Price Per SQFT

$426,664

$128.86
1313 Hickory Woods Way Wylie, TX 3

5 beds 4 baths ∙ 3,310 Sqft ∙ Built 2020 5 beds 4 baths ∙ 3,310 Sqft ∙ Built 2020
SOLD 06/28/20
Price

Price Per SQFT

$430,592

$130.09
1409 Hickory Woods Way Wylie, TX 4

5 beds 4 baths ∙ 3,186 Sqft ∙ Built 2020 5 beds 4 baths ∙ 3,186 Sqft ∙ Built 2020
SOLD 11/21/20
Price

Price Per SQFT

$444,189

$139.42

1301 Hickory Woods Wylie, TX 4

5 beds 4 baths ∙ 3,331 Sqft ∙ Built 2020 5 beds 4 baths ∙ 3,331 Sqft ∙ Built 2020
Rent

Rent Per SQFT

$2,460

$0.74
2901 Montague Trail Wylie, TX 1

4 beds 3 baths ∙ 3,374 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,374 Sqft ∙ Built 2003
LEASED 03/30/20
Rent

Rent Per SQFT

$2,195

$0.65
2917 Jamestown Drive Wylie, TX 2

4 beds 3 baths ∙ 3,375 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,375 Sqft ∙ Built 2003
LEASED 09/11/20
Rent

Rent Per SQFT

$2,295

$0.68
1607 Saddle Ridge Drive Wylie, TX 3

5 beds 3 baths ∙ 3,049 Sqft ∙ Built 2015 5 beds 3 baths ∙ 3,049 Sqft ∙ Built 2015
LEASED 07/01/19
Rent

Rent Per SQFT

$2,450

$0.80
1608 Saddle Ridge Road Wylie, TX 5

4 beds 4 baths ∙ 3,399 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,399 Sqft ∙ Built 2016
LEASED 02/20/20
Rent

Rent Per SQFT

$2,550

$0.75

PROPERTY LISTING DETAILS

Ben Caballero
Highland Homes Realty

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477042
Last Updated: 11/25/2020

1301 Hickory Woods Wylie, TX 75098

$463,175

$2,460

$124,741

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

A.b. Harrison Intermediate School

Grady Burnett Junior High School

Wylie East High School

FINANCIALS

$416,858$509,49300$463,175

$2,214$2,70600$2,460

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$463,175

$2,460

0.53%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,709

5.5

$32,972

$463,175

$139.05

$435,445

$130.73

COMPS RANGE

PRICE COMPS ANALYSIS

$2,460

$0.74

$2,398

$0.72

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS