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3008 Claybrook Drive Wylie, TX 75098

4 Beds 2 Baths 2,432 sqft Built 2004

$320,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $131.58
  • 4 Days on Market
  • MLS # : 14505800
  • Updated Date : 02/06/2021 at 11:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,432 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty

Listing Agent's Description

Gorgeous home in a great neighborhood is just the one you’ve been waiting for! This 4 bedroom, 2 bath home features the perfect open floor plan. The stunning kitchen is boasts stainless steel appliances, tons of cabinet space, and breakfast bar which flows seamlessly into the living room! Master suite is equipped with dual sinks, soaking tub, separate shower & walk-in closet. The generous secondaries and fenced backyard complete this spectacular home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

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
R.v.groves Elementary School Primary Regular 632 40 9
Wylie High School High Regular 2,061 127 9

R.v.groves Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 40
9
GreatSchools Rating

Wylie High School

  • Education Level: High
  • # of students: 2,061
  • # of teachers: 127
9
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,111
Property Tax -$662
Property Insurance -$168
HOA -$31
Property Management Fees -$99
CASH FLOW
-$71

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.

$320,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.63%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,869

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,098

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,8953$1,9504$2,0005$2,050
$2,050
RENT COMPS ANALYSIS
  • 3008 Claybrook Drive Wylie, TX 4
    • 4 beds 2 baths ∙ 2,432 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,432 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.82
    •  
  • 3006 Candlebrook Drive Wylie, TX 1
    • 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 2001
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.84
    •  
  • 203 Wooded Creek Avenue Wylie, TX 2
    • 4 beds 2 baths ∙ 2,261 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,261 Sqft ∙ Built 2003
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.84
    •  
  • 3303 Warwick Court Wylie, TX 3
    • 4 beds 2 baths ∙ 2,247 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,247 Sqft ∙ Built 2002
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.87
    •  
  • 3402 Brookside Drive Wylie, TX 5
    • 3 beds 3 baths ∙ 2,272 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,272 Sqft ∙ Built 2000
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.90
    •  
PROPERTY LISTING DETAILS
Felicia Allen Grace
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505800
Last Updated: 02/06/2021
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