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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $140.21
- 4 Days on Market
- MLS # : 14513315
- Updated Date : 02/06/2021 at 13:14
CONSTRUCTION
- Beds : 4
- Floor Size : 2,211 sqft
- Baths : 2 full
Listing Agent
Ebby Halliday, Realtors
Listing Agent's Description
Adorable Creekside Estate Home features an inviting, expanded front porch with wrought iron railing. There are 4 bedrooms or 3 bedrooms and a study. Two nice size living areas and two dining areas .The Open kitchen has stainless steel farm sink and granite counter tops with subway backsplash. Windows in Front living area overlook the park and the second living room with fireplace overlooks the large back yard. Roof replaced in 2016. Water Heater replaced in January of 2020. home located on the Cul-de-sac across the street from the treed park that has a playground, ponds, and pool. This Beautiful community offers events to bring neighbors together. There is a fishing tournament in the summer and Holiday events.
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 | $1,960 |
| EXPENSES | Loan Payment | -$1,077 |
| Property Tax | -$641 | |
| Property Insurance | -$155 | |
| HOA | -$40 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$52
|
||
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.
$310,000
PROJECTED PRICE
$1,960
PROJECTED RENT
0.63%
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
$87,900
LOAN DETAILS
$1,077
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
3.5
YEARS SAVED
$9,672
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,960
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,951
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
3110 Hinnant Court Wylie, TX 4
- 4 beds 2 baths ∙ 2,211 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,211 Sqft ∙ Built 2003
![property image]()
- Rent
- Rent Per SQFT
- $1,960
- $0.89
-
3407 Melvin Drive Wylie, TX 1
- 3 beds 2 baths ∙ 2,023 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,023 Sqft ∙ Built 2004
![property image]()
LEASED 03/31/20- Rent
- Rent Per SQFT
- $1,800
- $0.89
-
3110 Reagenea Drive Wylie, TX 2
- 4 beds 2 baths ∙ 2,088 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,088 Sqft ∙ Built 2004
![property image]()
LEASED 07/21/20- Rent
- Rent Per SQFT
- $1,900
- $0.91
-
3102 Charles Court Wylie, TX 3
- 3 beds 2 baths ∙ 2,256 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,256 Sqft ∙ Built 2002
![property image]()
LEASED 12/10/20- Rent
- Rent Per SQFT
- $1,950
- $0.86
-
511 Lone Ridge Way Murphy, TX 5
- 3 beds 2 baths ∙ 2,404 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,404 Sqft ∙ Built 2006
![property image]()
LEASED 01/14/21- Rent
- Rent Per SQFT
- $2,100
- $0.87
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14513315
Last Updated: 02/06/2021
