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305 Autumn Breeze Drive Wylie, TX 75098

3 Beds 3 Baths 2,526 sqft Built 2000

$305,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $120.74
  • 4 Days on Market
  • MLS # : 14504965
  • Updated Date : 01/30/2021 at 10:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,526 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

So many updates in this Beautiful Wylie Home.No HOA!Floorplan made for Entertaining,Cooks Kitchen w-Granite,Cabinets Galore,Custom Island w-additional sitting area and storage.,SS Appliances all Open to Living and just a step away from your 30x10 Cedar Covered Porch.Master Suite fit for a King w-private office area.Master Bath completely updated 2019 features oversized shower,separate tub,WIC.Roof,HVAC Windows,Flooring,Interior Exterior Paint all in 2016,Stone Fireplace 2017,Rod Iron Staircase 2020,No Popcorn Ceiling!Cedar Board on Board Fence 2016 with Double Gate in the back.Huge Backyard w-Storage Building that has Concrete Flooring and Radiant Barrier.No neighbors behind you

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
T.f. Birmingham Elementary Primary Regular 547 34 7
Frank Mcmillan Junior High School Middle Regular 656 43 10
Wylie East High School High Regular 1,718 109 8

T.f. Birmingham Elementary

  • Education Level: Primary
  • # of students: 547
  • # of teachers: 34
7
GreatSchools Rating

Frank Mcmillan Junior High School

  • Education Level: Middle
  • # of students: 656
  • # of teachers: 43
10
GreatSchools Rating

Wylie East High School

  • Education Level: High
  • # of students: 1,718
  • # of teachers: 109
8
GreatSchools Rating
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,059
Property Tax -$631
Property Insurance -$173
Property Management Fees -$99
CASH FLOW
-$13

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.

$305,000

PROJECTED PRICE

$1,950

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

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$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$12,154

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
  • $0.77

    LIST RENT PER SQFT
  • $2,002

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9503$1,9754$1,9955$2,050
$2,050
RENT COMPS ANALYSIS
  • 305 Autumn Breeze Drive Wylie, TX 2
    • 3 beds 3 baths ∙ 2,526 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,526 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 400 Carver Drive Wylie, TX 1
    • 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 2007
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.80
    •  
  • 703 Chelsea Drive Wylie, TX 3
    • 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2004
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.76
    •  
  • 209 Arborview Drive Wylie, TX 4
    • 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 1999
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.83
    •  
  • 406 Ashland Drive Wylie, TX 5
    • 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2003
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.78
    •  
PROPERTY LISTING DETAILS
Beckye Evans
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14504965
Last Updated: 01/30/2021
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