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302 Capps Drive Wylie, TX 75098

3 Beds 2 Baths 1,780 sqft Built 2003

$259,900

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $146.01
  • 4 Days on Market
  • MLS # : 14508114
  • Updated Date : 01/28/2021 at 14:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,780 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors-frisco

Listing Agent's Description

This amazing 3 Bed 2 Bath home is precious!! Great School district. This beautiful home has been maintained perfectly and has a covered patio that is a backyard oasis with a cedar 8ft board on board fence with a gate from the backyard to walk to Wylie East HS school which is directly located behind the property. Recently upgraded kitchen with Stainless Steel appliances with Granite countertops and wood flooring throughout the main area. Other great features include a new HVAC unit inside and out, a brand new water heater, solar screens, and a Nest thermostat. It won't last!!

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
P.m. Akin Elementary School Primary Regular 517 32 8
Grady Burnett Junior High School Middle Regular 725 43 9
Wylie East High School High Regular 1,718 109 8

P.m. Akin Elementary School

  • Education Level: Primary
  • # of students: 517
  • # of teachers: 32
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
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$903
Property Tax -$538
Property Insurance -$130
Property Management Fees -$99
CASH FLOW
-$40

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.

$259,900

PROJECTED PRICE

$1,630

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$8,756

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,651

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6303$1,6954$1,7255$1,750
$1,750
RENT COMPS ANALYSIS
  • 302 Capps Drive Wylie, TX 2
    • 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.92
    •  
  • 215 Piccadilly Circle Wylie, TX 1
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1999
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.96
    •  
  • 1407 Old Knoll Drive Wylie, TX 3
    • 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1993
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.97
    •  
  • 210 Palmdale Drive Wylie, TX 4
    • 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 2003
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.88
    •  
  • 2910 Reata Drive Wylie, TX 5
    • 4 beds 2 baths ∙ 1,954 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,954 Sqft ∙ Built 2004
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
PROPERTY LISTING DETAILS
Nikki Butcher
Ebby Halliday, Realtors-frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508114
Last Updated: 01/28/2021
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