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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $112.87
- 3 Days on Market
- MLS # : 14510535
- Updated Date : 02/05/2021 at 14:01
CONSTRUCTION
- Beds : 4
- Floor Size : 3,101 sqft
- Baths : 2 full , 1 half
Listing Agent
Bishop Country Realty
Listing Agent's Description
Your new home awaits in this beautiful 2 story home featuring 4 bedrooms and 2 and a half baths. Inviting covered front porch welcomes you to wood floors, roomy front formals, spacious central living area and large kitchen and breakfast area overlooking the big back yard. Master suite has a large walk-in closet right and light and bright bath. Three additional bedrooms and a bath can be found upstairs in addition to a nicely oversized game room that is large enough to accommodate media space, game area, work space and more - the possibilities are endless. This corner lot location provides an oversized back yard area that is open for play, pets and cookouts. Community amenities too including pool and parks!
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 | $2,260 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$724 | |
| Property Insurance | -$206 | |
| HOA | -$40 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$25
|
||
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.
$350,000
PROJECTED PRICE
$2,260
PROJECTED RENT
0.65%
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
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
3.75
YEARS SAVED
$12,749
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,260
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$2,427
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
3100 Charles Court Wylie, TX 3
- 4 beds 3 baths ∙ 3,101 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,101 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $2,260
- $0.73
-
1009 N Wooded Creek Avenue Wylie, TX 1
- 4 beds 3 baths ∙ 2,995 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,995 Sqft ∙ Built 2006
LEASED 01/26/20- Rent
- Rent Per SQFT
- $2,195
- $0.73
-
2923 Hunters Way Wylie, TX 2
- 4 beds 2 baths ∙ 2,929 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,929 Sqft ∙ Built 2009
LEASED 07/16/20- Rent
- Rent Per SQFT
- $2,195
- $0.75
-
2905 Midstream Drive Wylie, TX 4
- 4 beds 3 baths ∙ 2,996 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,996 Sqft ∙ Built 2006
LEASED 05/26/20- Rent
- Rent Per SQFT
- $2,450
- $0.82
-
3024 Hinnant Drive Wylie, TX 5
- 5 beds 4 baths ∙ 2,997 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,997 Sqft ∙ Built 2006
LEASED 06/16/20- Rent
- Rent Per SQFT
- $2,500
- $0.83
PROPERTY LISTING DETAILS
Bishop Country Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14510535
Last Updated: 02/05/2021
