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1821 Wynne Avenue Prosper, TX 75078

4 Beds 4 Baths 3,740 sqft Built 2020

$730,999

List Price

$3,060

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $195.45
  • 4 Days on Market
  • MLS # : 14497522
  • Updated Date : 01/15/2021 at 11:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,740 sqft
  • Baths : 4 full
Listing Agent

Monument Realty

Listing Agent's Description

NEW 4 bedroom, 4 bath home in upscale Legacy Gardens neighborhood on a large lot in popular Prosper ISD! The Hayden plan is a spacious & open one story featuring wine cellar, large family room with stone fireplace, dining & kitchen. Kitchen features island, double ovens, morning kitchen & walk-in pantry. Master suite has separate vanities, spa like bath & walk in shower with huge closet & access to owner's entry & laundry room. Laundry room has sink, refrigerator space, countertops & cabinets. 3 Additional bedrooms are spacious each with its own bath & large walk-in closets. Enjoy the extended covered patio for outdoor living. 3 car garage. No MUD or PID. Enjoy community pool, pond, trails & playground.

SEE MORE

MARKET HIGHLIGHTS

  • # 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: 75078

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k515k

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

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263004

* 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
Judy Rucker Elementary School Primary Regular 781 47 8
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Judy Rucker Elementary School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 47
8
GreatSchools Rating

Reynolds Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 68
8
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$657,899$804,099$730,999

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,060
EXPENSES Loan Payment -$2,539
Property Tax -$1,399
Property Insurance -$243
HOA -$100
Property Management Fees -$99
CASH FLOW
-$1,320

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.

$730,999

PROJECTED PRICE

$3,060

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$195,715

INVESTMENT

$195,715

Down Payment
$182,750
Rehab Estimate
$2,000
Closing Costs
$10,965

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,539

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $182,750
Loan Amount $548,249
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$39

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,060

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $3,086

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$3,060
1$3,0602$3,1003$3,1504$3,1505$3,195
$3,195
RENT COMPS ANALYSIS
  • 1821 Wynne Avenue Prosper, TX 1
    • 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $0.82
    •  
  • 701 Hampshire Court Prosper, TX 2
    • 5 beds 4 baths ∙ 3,682 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,682 Sqft ∙ Built 2014
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.84
    •  
  • 361 Berkshire Court Prosper, TX 3
    • 4 beds 4 baths ∙ 3,853 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,853 Sqft ∙ Built 2015
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.82
    •  
  • 231 Lake Trail Lane Prosper, TX 4
    • 5 beds 4 baths ∙ 3,928 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,928 Sqft ∙ Built 2017
    property image
    LEASED 11/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.80
    •  
  • 491 Evening Sun Drive Prosper, TX 5
    • 4 beds 5 baths ∙ 3,800 Sqft ∙ Built 2016 4 beds 5 baths ∙ 3,800 Sqft ∙ Built 2016
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $0.84
    •  
PROPERTY LISTING DETAILS
Wayne Bartley
Monument Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497522
Last Updated: 01/15/2021
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