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1517 Wagonwheel Trail Keller, TX 76248

4 Beds 3 Baths 3,621 sqft Built 2012

$549,900

List Price

$3,330

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $151.86
  • 2 Days on Market
  • MLS # : 14508394
  • Updated Date : 01/30/2021 at 18:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,621 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

OPEN HOUSE SUNDAY FROM 2-4PM! The gorgeous 2-story one-owner home is move-in ready. The home boasts an open floorpan with floor to ceiling windows in the Living Room, as well as a 2-story stone fireplace. The first level features a dedicated Office, Dining Room, Master Suite and an additional bedroom and full bath. Second story features huge game room and two oversized bedrooms with Jack and Jill Bath. Outdoor living space features a 2-story covered patio and large grass yard with full sprinklers. All information is deemed reliable, but should be confirmed by buyer and buyer's agent.

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: 76248

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 76248

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262728

* 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
Keller-harvel Elementary School Primary Regular 447 32 7
Keller High School High Regular 2,645 145 10
Keller High School High Unknown NA

Keller-harvel Elementary School

  • Education Level: Primary
  • # of students: 447
  • # of teachers: 32
7
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students: 2,645
  • # of teachers: 145
10
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$494,910$604,890$549,900

PURCHASE PRICE

$2,997$3,663$3,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,330
EXPENSES Loan Payment -$1,910
Property Tax -$1,154
Property Insurance -$236
HOA -$54
Property Management Fees -$99
CASH FLOW
-$123

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.

$549,900

PROJECTED PRICE

$3,330

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.5%
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$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$14,957

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,330

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $3,331

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$2,9953$3,3304$3,4005$3,600
$3,600
RENT COMPS ANALYSIS
  • 1517 Wagonwheel Trail Keller, TX 3
    • 4 beds 3 baths ∙ 3,621 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,621 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $3,330
    • $0.92
    •  
  • 1505 Sagebrush Trail Keller, TX 1
    • 4 beds 4 baths ∙ 3,591 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,591 Sqft ∙ Built 2011
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.83
    •  
  • 309 Huffman Bluff Keller, TX 2
    • 4 beds 4 baths ∙ 3,435 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,435 Sqft ∙ Built 2005
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.87
    •  
  • 2207 Bayou Court Keller, TX 4
    • 4 beds 4 baths ∙ 3,538 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,538 Sqft ∙ Built 2000
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.96
    •  
  • 220 Huffman Bluff Keller, TX 5
    • 4 beds 3 baths ∙ 3,529 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,529 Sqft ∙ Built 2005
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.02
    •  
PROPERTY LISTING DETAILS
Sherri Neal
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508394
Last Updated: 01/30/2021
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