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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $218.67
- 3 Days on Market
- MLS # : 14488219
- Updated Date : 12/18/2020 at 13:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,099 sqft
- Baths : 2 full
Listing Agent
Royal Realty, Inc.
Listing Agent's Description
New Grand Home with neighborhood Pool, playground, pond & trails. 1 story home backs to trail system to park & pool! Open East facing home with family room and formal living, den or home office. Features include luxury vinyl wood floors, Fireplace, CAT 5, 8 ft interior doors & rocker switches. Open kitchen ready to entertain w Omegastone slab tops, white Shaker cabinets, 5 burner gas cooktop, stainless steel built in appliances, stainless vent hood, herringbone tile backsplash & island. Vaulted Owners Suite with jetted tub. Spacious backyard. Security system with camera wiring & sprinkler system. Energy Star certified w R38, 16SEER & radiant barrier roof.
SEE MORE
- # 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
* 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 | $1,950 |
| EXPENSES | Loan Payment | -$1,693 |
| Property Tax | -$950 | |
| Property Insurance | -$149 | |
| HOA | -$79 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,020
|
||
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.
$458,980
PROJECTED PRICE
$1,950
PROJECTED RENT
0.42%
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) | 3.00% |
| 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
$123,630
LOAN DETAILS
$1,693
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $114,745 |
| Loan Amount | $344,235 |
-0.25
YEARS SAVED
-$67
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,905
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
216 Daylily Wylie, TX 2
- 4 beds 2 baths ∙ 2,099 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,099 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,950
- $0.93
-
2111 Highland Drive Wylie, TX 1
- 3 beds 2 baths ∙ 2,098 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,098 Sqft ∙ Built 2005
LEASED 08/11/20- Rent
- Rent Per SQFT
- $1,845
- $0.88
-
309 Highland Creek Drive Wylie, TX 3
- 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 2005
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,995
- $0.91
-
2135 Highland Drive Wylie, TX 4
- 3 beds 2 baths ∙ 2,249 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,249 Sqft ∙ Built 2005
LEASED 06/29/20- Rent
- Rent Per SQFT
- $1,995
- $0.89
-
320 Highland Glen Drive Wylie, TX 5
- 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 2006
LEASED 11/10/20- Rent
- Rent Per SQFT
- $1,995
- $0.95
PROPERTY LISTING DETAILS
Royal Realty, Inc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488219
Last Updated: 12/18/2020
