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PROPERTY INFO
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
- . 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
* 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 | $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
| 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
$86,575
LOAN DETAILS
$1,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,250 |
| Loan Amount | $228,750 |
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
-
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
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14504965
Last Updated: 01/30/2021
