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2099 Beaver Creek Road Wylie, TX 75098

5 Beds 4 Baths 2,526 sqft Built 1980

$415,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
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

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*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
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

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

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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

-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
$1,750
1$1,7502$1,8403$2,0004$2,0955$2,495
$2,495
RENT COMPS ANALYSIS
  • 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
Shannon Beatty
Southern Hills Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485110
Last Updated: 12/12/2020
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