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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $165.56
- 3 Days on Market
- MLS # : 14492667
- Updated Date : 01/02/2021 at 22:39
CONSTRUCTION
- Beds : 4
- Floor Size : 2,114 sqft
- Baths : 3 full
Listing Agent
Keller Williams Central
Listing Agent's Description
Open House Jan 3! Beautiful Highland Home with 4 spacious bedrooms and 3 FULL baths. Open concept kitchen with large center granite topped island, gas range, stainless steel appliances. Open central living room with gas log focal point fireplace. Owners suite with dual sinks, soaking tub and separate shower. Plenty of storage, closet and cabinet space throughout the home! Energy efficient home with tankless water heater, rad. barrier. LOW UTILITIES. Ample back yard with plenty of room for pets, pool, playsets, extended patio! A RATED Wylie Schools! Bozman Farms is a great place to call home with creek side parks, pools, lake and fishing pier.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Zip Code: 75098
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75098
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,960 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$724 | |
| Property Insurance | -$149 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$346
|
||
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.
$350,000
PROJECTED PRICE
$1,960
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,500
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
0.58
YEARS SAVED
$994
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,960
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,924
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
1708 Long Meadow Road Wylie, TX 4
- 4 beds 3 baths ∙ 2,114 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,114 Sqft ∙ Built 2017
![property image]()
- Rent
- Rent Per SQFT
- $1,960
- $0.93
-
1619 Roberts Ravine Road Wylie, TX 1
- 4 beds 2 baths ∙ 2,226 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,226 Sqft ∙ Built 2015
![property image]()
LEASED 06/23/20- Rent
- Rent Per SQFT
- $1,900
- $0.85
-
1315 Hill View Trail Wylie, TX 2
- 4 beds 2 baths ∙ 2,149 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,149 Sqft ∙ Built 2012
![property image]()
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,950
- $0.91
-
1313 Cedar Branch Drive Wylie, TX 3
- 3 beds 3 baths ∙ 2,064 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,064 Sqft ∙ Built 2005
![property image]()
LEASED 11/20/20- Rent
- Rent Per SQFT
- $1,950
- $0.94
-
1708 Meadowleaf Lane Wylie, TX 5
- 4 beds 2 baths ∙ 2,296 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,296 Sqft ∙ Built 2017
![property image]()
LEASED 03/13/20- Rent
- Rent Per SQFT
- $2,150
- $0.94
PROPERTY LISTING DETAILS
Keller Williams Central
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14492667
Last Updated: 01/02/2021
