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1700 Oak Glen Drive Wylie, TX 75098

3 Beds 2 Baths 1,872 sqft Built 2012

$289,500

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $154.65
  • 5 Days on Market
  • MLS # : 14462915
  • Updated Date : 11/01/2020 at 10:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,872 sqft
  • Baths : 2 full
Listing Agent

Century 21 Judge Fite Co.

Listing Agent's Description

IMMACULATE home in Bozman Farms! This home is BETTER than new-featuring an OVER-SIZED LOT, NEWER ROOF, OPEN-CONCEPT floor plan, GORGEOUS flooring, 3 bedrooms (PLUS extra room that could be an office, 2nd living or 4th bedroom), STAINLESS appliances, remote ceiling fans, FOUNDATION IRRIGATION SYSTEM, TONS of STORAGE inside (also boasts a LG STORAGE SHED outside with ADDITIONAL STORAGE) & MORE! You'll also enjoy the benefits of a SOLAR panel system (that new buyer will OWN) that could make your electricity bill so low you will hardly notice you have one! All this PLUS the MANY Bozman Farms amenities-including a pool, trails, catch & release pond, playground AND within minutes of the LAKE! Check this one out TODAY

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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
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
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
 

$260,550$318,450$289,500

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,068
Property Tax -$599
Property Insurance -$135
HOA -$42
Property Management Fees -$99
CASH FLOW
-$113

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.

$289,500

PROJECTED PRICE

$1,830

PROJECTED RENT

0.63%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,468

INVESTMENT

$82,468

Down Payment
$72,375
Rehab Estimate
$5,750
Closing Costs
$4,343

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,068

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,375
Loan Amount $217,125
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$7,304

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,844

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,8004$1,8305$1,895
$1,895
RENT COMPS ANALYSIS
  • 1700 Oak Glen Drive Wylie, TX 4
    • 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.98
    •  
  • 1308 Canyon Creek Road Wylie, TX 1
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2010
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.99
    •  
  • 1314 Iron Horse Street Wylie, TX 2
    • 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 2005
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.99
    •  
  • 1706 Oak Glen Drive Wylie, TX 3
    • 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2013
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
  • 1306 Canyon Creek Road Wylie, TX 5
    • 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2010
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.99
    •  
PROPERTY LISTING DETAILS
Kim Podsednik
Century 21 Judge Fite Co.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462915
Last Updated: 11/01/2020
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