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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $150.75
- 2 Days on Market
- MLS # : 14516675
- Updated Date : 02/13/2021 at 11:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,990 sqft
- Baths : 2 full
Listing Agent
Century 21 Judge Fite Company
Listing Agent's Description
Delightful, Spacious & WELL MAINTAINED home 4-2-2 in the heart of Wylie! Clean and neat place to call home, many rooms have fresh paint & new fixtures, and all doors have oil rubbed bronze door handles. Spacious bedrooms, open kitchen, & lovely floor plan. Primary suite has tray ceilings & large bathroom with double sinks & walk-in closet. 4th bedroom was used as study but has full closet. Home has Radiant Barrier and a huge backyard with a covered patio and a storage shed. This one is a must see!
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 | $1,850 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$549 | |
| Property Insurance | -$142 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$18
|
||
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.
$300,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.62%
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
$85,250
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
4.92
YEARS SAVED
$15,198
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,816
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
311 Orchard Trail Wylie, TX 5
- 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,850
- $0.93
-
401 Vicki Lane Wylie, TX 1
- 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1987
LEASED 04/22/20- Rent
- Rent Per SQFT
- $1,700
- $0.92
-
311 Terrace Drive Wylie, TX 2
- 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 2002
LEASED 04/14/20- Rent
- Rent Per SQFT
- $1,750
- $0.88
-
604 Cottondale Lane Wylie, TX 3
- 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 2005
LEASED 04/02/20- Rent
- Rent Per SQFT
- $1,795
- $0.92
-
414 Kylie Lane Wylie, TX 4
- 4 beds 2 baths ∙ 1,927 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,927 Sqft ∙ Built 1991
LEASED 03/10/20- Rent
- Rent Per SQFT
- $1,800
- $0.93
PROPERTY LISTING DETAILS
Century 21 Judge Fite Company
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14516675
Last Updated: 02/13/2021
