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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $153.44
- 3 Days on Market
- MLS # : 14476697
- Updated Date : 11/28/2020 at 15:26
CONSTRUCTION
- Beds : 4
- Floor Size : 2,672 sqft
- Baths : 2 full , 1 half
Listing Agent
Century 21 Judge Fite Co.
Listing Agent's Description
Ryland Homes had easy living in mind when they designed this well-appointed Creekside Estate home. Situated on an oversized corner lot in this highly sought-after community, this home has an open floorplan which lends itself to gatherings of all sizes. Spacious enough to relax after the most trying of days, it is intimate enough to spend quality time with those closest to you. The bedrooms are generously sized with ample natural light and a Master Suite which is separate and feels more like a private sanctuary. Although, all of this is merely an appetizer to the oasis of a backyard where the huge covered patio with a circulation fan, lush landscaping, pool with grotto, workshop, and 8' board on board fence.
SEE MORE
- 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
* 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 | $2,250 |
| EXPENSES | Loan Payment | -$1,513 |
| Property Tax | -$848 | |
| Property Insurance | -$182 | |
| HOA | -$40 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$432
|
||
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.
$410,000
PROJECTED PRICE
$2,250
PROJECTED RENT
0.55%
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) | 8.00% |
| 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
$114,400
LOAN DETAILS
$1,513
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $102,500 |
| Loan Amount | $307,500 |
0.42
YEARS SAVED
$740
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,250
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,271
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
3037 Ruby Drive Wylie, TX 3
- 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 2009
![property image]()
- Rent
- Rent Per SQFT
- $2,250
- $0.84
-
3308 Glenwood Drive Wylie, TX 1
- 4 beds 2 baths ∙ 2,412 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,412 Sqft ∙ Built 2004
![property image]()
LEASED 12/31/19- Rent
- Rent Per SQFT
- $1,950
- $0.81
-
1503 Lynn Drive Wylie, TX 2
- 4 beds 3 baths ∙ 2,644 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,644 Sqft ∙ Built 2003
![property image]()
LEASED 06/10/19- Rent
- Rent Per SQFT
- $2,150
- $0.81
-
3024 Hinnant Drive Wylie, TX 4
- 5 beds 4 baths ∙ 2,997 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,997 Sqft ∙ Built 2006
![property image]()
LEASED 06/16/20- Rent
- Rent Per SQFT
- $2,500
- $0.83
-
3023 Leesa Drive Wylie, TX 5
- 4 beds 4 baths ∙ 2,630 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,630 Sqft ∙ Built 2016
![property image]()
LEASED 08/27/20- Rent
- Rent Per SQFT
- $2,500
- $0.95
PROPERTY LISTING DETAILS
Century 21 Judge Fite Co.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14476697
Last Updated: 11/28/2020
