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2610 Idlewood Drive Wylie, TX 75098

4 Beds 3 Baths 2,858 sqft Built 2015

$369,900

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $129.43
  • 4 Days on Market
  • MLS # : 14497350
  • Updated Date : 01/16/2021 at 16:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,858 sqft
  • Baths : 3 full
Listing Agent

Re/max Town & Country

Listing Agent's Description

Great floor plan on a great lot. No neighbors across the street, just TREES! If you are looking for a home that's not very old and therefore very energy efficient, this is it. If you are looking for a home with 2 bedrooms up and 2 down, this is it. If you are looking for a home where all the bedrooms are LARGE, this is it. If you are looking for a home with quality wood flooring in much of the lower level, this it it. If you are looking for a home that feels like home the minute you walk in, this is it. Come see for yourself.

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
Davis Intermediate School Primary Regular 692 42 8
Raymond B. Cooper Junior High School Middle Regular 748 44 10
Raymond B. Cooper Junior High School High Regular 748 44 10

Davis Intermediate School

  • Education Level: Primary
  • # of students: 692
  • # of teachers: 42
8
GreatSchools Rating

Raymond B. Cooper Junior High School

  • Education Level: Middle
  • # of students: 748
  • # of teachers: 44
10
GreatSchools Rating

Raymond B. Cooper Junior High School

  • Education Level: High
  • # of students: 748
  • # of teachers: 44
10
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,285
Property Tax -$765
Property Insurance -$192
HOA -$20
Property Management Fees -$99
CASH FLOW
-$11

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.

$369,900

PROJECTED PRICE

$2,350

PROJECTED RENT

0.64%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$14,903

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,108

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,1003$2,1954$2,1955$2,350
$2,350
RENT COMPS ANALYSIS
  • 2610 Idlewood Drive Wylie, TX 5
    • 4 beds 3 baths ∙ 2,858 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,858 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.82
    •  
  • 2708 Sequoia Lane Wylie, TX 1
    • 4 beds 2 baths ∙ 2,679 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,679 Sqft ∙ Built 2004
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.71
    •  
  • 3110 Springwell Parkway Wylie, TX 2
    • 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2000
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.76
    •  
  • 1009 N Wooded Creek Avenue Wylie, TX 3
    • 4 beds 3 baths ∙ 2,995 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,995 Sqft ∙ Built 2006
    LEASED 01/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.73
    •  
  • 2923 Hunters Way Wylie, TX 4
    • 4 beds 2 baths ∙ 2,929 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,929 Sqft ∙ Built 2009
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.75
    •  
PROPERTY LISTING DETAILS
Tim Weidner
Re/max Town & Country
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497350
Last Updated: 01/16/2021
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