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1921 Successful Drive Wylie, TX 75098

4 Beds 3 Baths 2,070 sqft Built 2019

$430,000

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $207.73
  • 3 Days on Market
  • MLS # : 14540197
  • Updated Date : 03/27/2021 at 09:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,070 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Premier

Listing Agent's Description

Custom features galore throughout this gorgeous creek lot single-level Highland Home! Delightful curb appeal with extended front patio, brick landscaping islands, glacier glass front door. Chef-inspired kitchen has curved island with storage, durable silestone quartz countertops, gas cooktop with pot-filler, lateral pan drawers, glass-fronted cabinets, walk-in pantry and is open to living room. Living room has corner gas-log fireplace with beautiful wood mantel. Vaulted-ceiling master BR has sitting area, custom seamless glass shower, custom shelving in walk-in closet including seasonal closet rod. Elegant bay windows in master as well as dining room. Back patio has been extended for outdoor living.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
P.m. Akin Elementary School Primary Regular 517 32 8
Frank Mcmillan Junior High School Middle Regular 656 43 10
Wylie East High School High Regular 1,718 109 8

P.m. Akin Elementary School

  • Education Level: Primary
  • # of students: 517
  • # of teachers: 32
8
GreatSchools Rating

Frank Mcmillan Junior High School

  • Education Level: Middle
  • # of students: 656
  • # of teachers: 43
10
GreatSchools Rating

Wylie East High School

  • Education Level: High
  • # of students: 1,718
  • # of teachers: 109
8
GreatSchools Rating
 

$387,000$473,000$430,000

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,494
Property Tax -$890
Property Insurance -$147
HOA -$200
Property Management Fees -$99
CASH FLOW
-$759

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.

$430,000

PROJECTED PRICE

$2,070

PROJECTED RENT

0.48%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$25

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,018

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7503$2,0704$2,1505$2,300
$2,300
RENT COMPS ANALYSIS
  • 1921 Successful Drive Wylie, TX 3
    • 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $1.00
    •  
  • 1205 Leeward Lane Wylie, TX 1
    • 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1999
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 1902 Eastfork Lane Wylie, TX 2
    • 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 2003
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
  • 1831 Pacific Pearl Lane St. Paul, TX 4
    • 3 beds 2 baths ∙ 2,236 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,236 Sqft ∙ Built 2018
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.96
    •  
  • 1905 Bishop Barrel Lane St. Paul, TX 5
    • 3 beds 3 baths ∙ 2,215 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,215 Sqft ∙ Built 2017
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.04
    •  
PROPERTY LISTING DETAILS
Brenda Perkins
Re/max Premier
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14540197
Last Updated: 03/27/2021
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