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1711 Indigo Creek Lane Wylie, TX 75098

4 Beds 3 Baths 3,334 sqft Built 2019

$424,900

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $127.44
  • 3 Days on Market
  • MLS # : 14452636
  • Updated Date : 11/01/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,334 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Better than new, barely lived in Popular Pulte Lexington floorplan that features an OVERSIZED 2.5 garage, Study with french doors, large game room and 4 generous sized bedrooms. The finish out is impeccable with wood flooring, Quartz Countertops, modern whites & gray color scheme. A large kitchen with center island open to the family room & dining room is the focal point to the home! For those needing extra work or homework space a unique desk area is also located off the kitchen. The master bedroom is located down in the rear of the home for privacy. Upstairs you'll find a large game room w game table that stays w acceptable offer, 3 large bedrooms & full bath. Relax in the Pool sized yard w covered patio.

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: 75098

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k399k

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

Zip Code: 75098

ZipNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262302

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$382,410$467,390$424,900

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,568
Property Tax -$354
Property Insurance -$220
HOA -$90
Property Management Fees -$99
CASH FLOW
-$370

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.

$424,900

PROJECTED PRICE

$1,960

PROJECTED RENT

0.46%

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) 3.00%
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

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,599

INVESTMENT

$114,599

Down Payment
$106,225
Rehab Estimate
$2,000
Closing Costs
$6,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,225
Loan Amount $318,675
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,620

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
  • $0.59

    LIST RENT PER SQFT
  • $2,776

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,960
1$1,9602$2,6003$2,6004$2,6005$2,800
$2,800
RENT COMPS ANALYSIS
  • 1711 Indigo Creek Lane St. Paul, TX 1
    • 4 beds 3 baths ∙ 3,334 Sqft ∙ Built 2019 4 beds 3 baths ∙ 3,334 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.59
    •  
  • 2019 Silent Shore Street Wylie, TX 2
    • 4 beds 3 baths ∙ 3,013 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,013 Sqft ∙ Built 2016
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.86
    •  
  • 2120 Harmony Pier Lane Wylie, TX 3
    • 4 beds 3 baths ∙ 3,169 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,169 Sqft ∙ Built 2016
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.82
    •  
  • 1719 Indigo Creek Lane Wylie, TX 4
    • 4 beds 4 baths ∙ 3,072 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,072 Sqft ∙ Built 2018
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.85
    •  
  • 1815 Legendary Reef Way St. Paul, TX 5
    • 4 beds 4 baths ∙ 3,482 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,482 Sqft ∙ Built 2016
    LEASED 06/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.80
    •  
PROPERTY LISTING DETAILS
Jalyn York
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14452636
Last Updated: 11/01/2020
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