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209 Piccadilly Circle Wylie, TX 75098

3 Beds 2 Baths 1,288 sqft Built 1987

$230,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $178.57
  • 2 Days on Market
  • MLS # : 14487537
  • Updated Date : 12/19/2020 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,288 sqft
  • Baths : 2 full
Listing Agent

Diversified Realty Consultants

Listing Agent's Description

Incredible 3 bedroom, 2 bath in sought-after Wylie ISD. This home is bursting with attractive, neutral finish out and is ready for the perfect buyer! The open concept kitchen flows elegantly into the dining area and cozy living room. Master bedrooms is drenched in natural light and boast a sizeable ensuite. Split bedroom arrangement. Atrium offers great flex space. Enjoy relaxing by the fireplace this winter or catch a breath of fresh air on the back patio overlooking the picture perfect yard. Upgraded windows, security system, and exterior lighting. Furnishings may be available for purchase. Get a look at this one before it's gone!

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: 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
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$849
Property Tax -$476
Property Insurance -$102
Property Management Fees -$99
CASH FLOW
-$115

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.

$230,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.61%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$4,836

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,404

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,410
1$1,4102$1,4503$1,4504$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 209 Piccadilly Circle Wylie, TX 1
    • 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $1.09
    •  
  • 501 N Kreymer Lane Wylie, TX 2
    • 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1996
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.11
    •  
  • 1305 E Brown Street Wylie, TX 3
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1998
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.07
    •  
  • 1305 Wyndham Drive Wylie, TX 4
    • 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1985
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.10
    •  
  • 1203 Sheppard Lane Wylie, TX 5
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1986
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.08
    •  
PROPERTY LISTING DETAILS
Leanna Moss
Diversified Realty Consultants
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14487537
Last Updated: 12/19/2020
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