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311 Foxwood Lane Wylie, TX 75098

4 Beds 3 Baths 2,485 sqft Built 1998

$295,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $118.71
  • 7 Days on Market
  • MLS # : 14501998
  • Updated Date : 01/18/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,485 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Frisco Stars

Listing Agent's Description

Nestled on a quarter acre lot and backs up to creek and pasture for ultimate privacy! Light, bright and open with high ceilings, and tons of windows for ample natural light. Two living spaces offers opportunity to create a perfect work from home space! Large open kitchen with island, walk in pantry and great storage space. Breakfast nook provides a great view into the huge backyard. Spacious owner suite with huge en-suite featuring dual sinks, separate shower and walk in closet. Large wood deck leads you to the great backyard, perfect for a pool, garden and to let the kids and pets run and play! Amazing location right in between Lake Lavon and Lake Ray Hubbard, providing great family entertainment!

SEE MORE

MARKET HIGHLIGHTS

  • 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

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
A.b. Harrison Intermediate School Primary Regular 658 39 8
Grady Burnett Junior High School Middle Regular 725 43 9
Wylie East High School High Regular 1,718 109 8

A.b. Harrison Intermediate School

  • Education Level: Primary
  • # of students: 658
  • # of teachers: 39
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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,025
Property Tax -$610
Property Insurance -$171
Property Management Fees -$99
CASH FLOW
$105

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.

$295,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.68%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$21,139

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,199

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0103$2,2004$2,3155$2,350
$2,350
RENT COMPS ANALYSIS
  • 311 Foxwood Lane Wylie, TX 2
    • 4 beds 3 baths ∙ 2,485 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,485 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.81
    •  
  • 1315 Hill View Trail Wylie, TX 1
    • 4 beds 2 baths ∙ 2,149 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,149 Sqft ∙ Built 2012
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
  • 1709 Oak Glen Drive Wylie, TX 3
    • 3 beds 3 baths ∙ 2,568 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,568 Sqft ∙ Built 2013
    property image
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.86
    •  
  • 1307 Hidden Valley Drive Wylie, TX 4
    • 3 beds 3 baths ∙ 2,622 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,622 Sqft ∙ Built 2013
    property image
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,315
    • $0.88
    •  
  • 100 Rushcreek Drive Wylie, TX 5
    • 5 beds 4 baths ∙ 2,643 Sqft ∙ Built 1982 5 beds 4 baths ∙ 2,643 Sqft ∙ Built 1982
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.89
    •  
PROPERTY LISTING DETAILS
Christie Cannon
Keller Williams Frisco Stars
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14501998
Last Updated: 01/18/2021
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