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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $164.29
- 2 Days on Market
- MLS # : 14485110
- Updated Date : 12/12/2020 at 13:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,526 sqft
- Baths : 3 full , 1 half
Listing Agent
Southern Hills Realty
Listing Agent's Description
Beautifully renovated and spacious ranch style home. The main home features 4 bedrooms 2.5 bathrooms with a large living area, two dining areas, large mud room, and a master suite with two closets. Updates include a new roof, gutters, luxury vinyl plank floors, quartz counter tops, stainless steel appliances, farmhouse sink, fresh paint and carpet, new tile in bathrooms, commodes, lighting, shiplap, board and batten, foundation work with transferable warranty and designer touches throughout. This house is located on an oversized lot full of beautiful trees. There is also a large workshop that has a mother in law quarters attached! Don't miss this one of a kind beauty!
SEE MORE
- . 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
* 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 | $1,840 |
| EXPENSES | Loan Payment | -$1,531 |
| Property Tax | -$859 | |
| Property Insurance | -$156 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$805
|
||
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.
$415,000
PROJECTED PRICE
$1,840
PROJECTED RENT
0.44%
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
$115,725
LOAN DETAILS
$1,531
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
-0.17
YEARS SAVED
-$19
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,840
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,120
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
2099 Beaver Creek Road Wylie, TX 2
- 5 beds 4 baths ∙ 2,226 Sqft ∙ Built 1980 5 beds 4 baths ∙ 2,226 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $1,840
- $0.83
-
502 Stonehedge Drive Wylie, TX 1
- 4 beds 3 baths ∙ 2,036 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,036 Sqft ∙ Built 1998
LEASED 09/19/19- Rent
- Rent Per SQFT
- $1,750
- $0.86
-
1110 Old Knoll Drive Wylie, TX 3
- 4 beds 2 baths ∙ 2,064 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,064 Sqft ∙ Built 1990
LEASED 03/16/20- Rent
- Rent Per SQFT
- $2,000
- $0.97
-
1200 Old Knoll Drive Wylie, TX 4
- 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 1991
LEASED 07/28/20- Rent
- Rent Per SQFT
- $2,095
- $0.99
-
2035 Beaver Creek Road Wylie, TX 5
- 4 beds 2 baths ∙ 2,523 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,523 Sqft ∙ Built 1980
LEASED 06/09/20- Rent
- Rent Per SQFT
- $2,495
- $0.99
PROPERTY LISTING DETAILS
Southern Hills Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14485110
Last Updated: 12/12/2020
