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1612 Roberts Ravine Road Wylie, TX 75098

4 Beds 3 Baths 3,019 sqft Built 2017

$397,500

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $131.67
  • 3 Days on Market
  • MLS # : 14526574
  • Updated Date : 03/13/2021 at 11:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,019 sqft
  • Baths : 3 full
Listing Agent

Compass Re Texas, Llc.

Listing Agent's Description

Better than new! This beautiful home is bright, open with one of the best floor plans in the neighborhood featuring both master BR and guest BR with adjacent bath and study on 1st floor and 2 BRs and gameroom up. Kitchen has granite counters, white cabinets, subway tile backsplash and huge eating area. Family room features vaulted ceilings, FP, open floorplan with wood floors throughout most of first floor. Garage is extra long with epoxy floor. All bedrooms are split and private. Seller had a whole house Westinghouse Water filtration system installed for entire interior, including showers and appliances that conveys with sale of home! (No more bottled water!) Refrig, washer, dryer convey with acceptable offer

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
 

$357,750$437,250$397,500

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,381
Property Tax -$823
Property Insurance -$202
HOA -$42
Property Management Fees -$99
CASH FLOW
-$166

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.

$397,500

PROJECTED PRICE

$2,380

PROJECTED RENT

0.60%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,088

INVESTMENT

$111,088

Down Payment
$99,375
Rehab Estimate
$5,750
Closing Costs
$5,963

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,381

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,375
Loan Amount $298,125
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$6,648

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,385

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1503$2,3504$2,3505$2,380
$2,380
RENT COMPS ANALYSIS
  • 1612 Roberts Ravine Road Wylie, TX 5
    • 4 beds 3 baths ∙ 3,019 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,019 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $0.79
    •  
  • 1210 Majestic Way Wylie, TX 1
    • 4 beds 3 baths ∙ 2,832 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,832 Sqft ∙ Built 2006
    property image
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.74
    •  
  • 1322 Lake Trail Court Wylie, TX 2
    • 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2006
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.71
    •  
  • 1506 Canyon Creek Road Wylie, TX 3
    • 4 beds 2 baths ∙ 2,709 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,709 Sqft ∙ Built 2016
    property image
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.87
    •  
  • 1822 Lone Lynx Way Wylie, TX 4
    • 5 beds 3 baths ∙ 2,801 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,801 Sqft ∙ Built 2019
    property image
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.84
    •  
PROPERTY LISTING DETAILS
Barbara Butler
Compass Re Texas, Llc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14526574
Last Updated: 03/13/2021
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