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1508 Noble Angel Way Wylie, TX 75098

4 Beds 3 Baths 2,468 sqft Built 2020

$454,450

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $184.14
  • 6 Days on Market
  • MLS # : 14468784
  • Updated Date : 11/10/2020 at 09:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,468 sqft
  • Baths : 3 full
Listing Agent

Hunter Dehn Realty

Listing Agent's Description

This home lives large with spacious rooms and extra garage space. A total of 4 bedrooms, study, 3 baths and two dining areas will give you plenty of room to relax in style. Why climb stairs when everything is convenient on one floor! Covered patio is perfect for outdoor cocktails or dining al fresco. Use the bonus half car garage space for your bikes, a golf cart, motorcycle or jet ski. Neither your first home nor downsizing have to be a compromise!

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
Frank Mcmillan Junior High School Middle Regular 656 43 10
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

Frank Mcmillan Junior High School

  • Education Level: Middle
  • # of students: 656
  • # of teachers: 43
10
GreatSchools Rating

Wylie East High School

  • Education Level: High
  • # of students: 1,718
  • # of teachers: 109
8
GreatSchools Rating
 

$409,005$499,895$454,450

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,677
Property Tax -$379
Property Insurance -$170
HOA -$83
Property Management Fees -$99
CASH FLOW
-$187

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.

$454,450

PROJECTED PRICE

$2,220

PROJECTED RENT

0.49%

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,429

INVESTMENT

$122,429

Down Payment
$113,613
Rehab Estimate
$2,000
Closing Costs
$6,817

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,677

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $113,613
Loan Amount $340,838
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$15,715

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,197

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$2,1503$2,2004$2,2205$2,650
$2,650
RENT COMPS ANALYSIS
  • 1508 Noble Angel Way Wylie, TX 4
    • 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.90
    •  
  • 1910 Water Fall Way Wylie, TX 1
    • 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 2002
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.80
    •  
  • 1831 Pacific Pearl Lane St. Paul, TX 2
    • 3 beds 2 baths ∙ 2,236 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,236 Sqft ∙ Built 2018
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.96
    •  
  • 1823 Pacific Pearl Lane Wylie, TX 3
    • 3 beds 3 baths ∙ 2,651 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,651 Sqft ∙ Built 2017
    LEASED 07/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
  • 2008 Prestige Cove Court St. Paul, TX 5
    • 5 beds 3 baths ∙ 2,744 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,744 Sqft ∙ Built 2017
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.97
    •  
PROPERTY LISTING DETAILS
Peter Shaddock
Hunter Dehn Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14468784
Last Updated: 11/10/2020
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