Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1517 Wesley Street Greenville, TX 75401

3 Beds 2 Baths 1,415 sqft Built 2020

$179,900

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $127.14
  • 3 Days on Market
  • MLS # : 14504948
  • Updated Date : 01/22/2021 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,415 sqft
  • Baths : 2 full
Listing Agent

Ultima Real Estate

Listing Agent's Description

Your New Dream Home awaits! 3 bed 2 bath 1 story home, country meets modern elegance, this amazing home comes with many upgrades which include an open floor plan, a gorgeous kitchen with large island, granite countertops, beautiful electric fireplace, decorative lighting, ceramic tile throughout (except in bedrooms), double sink, unique shower, and shower tub combo in the master bath, walk-in closets, good size bedrooms, overall lots of upgrades.

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: 75401

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $67k243k

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

Zip Code: 75401

ZipNIR Market*Market2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Crockett Elementary School Primary Regular 378 28 4
Greenville Middle School Middle Regular 687 46 5
Greenville High School High Regular 1,077 89 5

Crockett Elementary School

  • Education Level: Primary
  • # of students: 378
  • # of teachers: 28
4
GreatSchools Rating

Greenville Middle School

  • Education Level: Middle
  • # of students: 687
  • # of teachers: 46
5
GreatSchools Rating

Greenville High School

  • Education Level: High
  • # of students: 1,077
  • # of teachers: 89
5
GreatSchools Rating
 

$161,910$197,890$179,900

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$625
Property Tax -$404
Property Insurance -$109
Property Management Fees -$99
CASH FLOW
$23

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.

$179,900

PROJECTED PRICE

$1,260

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$1.0k$0.0$1.0k$2.0k$3.0k$4.0k$5.0k$6.0k$7.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,674

INVESTMENT

$49,674

Down Payment
$44,975
Rehab Estimate
$2,000
Closing Costs
$2,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $44,975
Loan Amount $134,925
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$8,741

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,334

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,260
1$1,2602$1,3753$1,3754$1,3755$1,395
$1,395
RENT COMPS ANALYSIS
  • 1517 Wesley Street Greenville, TX 1
    • 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.89
    •  
  • 2812 Bourland Street Greenville, TX 2
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 2020
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.94
    •  
  • 1905 King Street Greenville, TX 3
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 2020
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.94
    •  
  • 2602 Church Street Greenville, TX 4
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 2019
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.94
    •  
  • 1910 Wesley Street Greenville, TX 5
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 2020
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.95
    •  
PROPERTY LISTING DETAILS
Yuri Barrera
Ultima Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14504948
Last Updated: 01/22/2021
BESbswy