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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $148.67
- 2 Days on Market
- MLS # : 14480525
- Updated Date : 12/12/2020 at 14:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,186 sqft
- Baths : 2 full
Listing Agent
Exp Realty
Listing Agent's Description
Don't miss your chance to see this meticulously cared for ONE OWNER home! Beautiful ONE story home located in the sought after neighborhood of Creekside Estates. Fresh paint throughout the entire home making it feel brand new! The UPDATED kitchen is a cook's dream with GRANITE CTOPS, Stainless Steel appliances and lots of cabinet and pantry space. Wood floors throughout the living areas and in all bedrooms. Master is separate from secondary bedrooms allowing for extra privacy. Walk outside to your HUGE COVERED PATIO with fans to relax after a long day at work or to watch the kids play in the backyard. The awesome neighborhood has a community pool, park, playground, walking trails and catch and release pond.
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 | $1,940 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$672 | |
| Property Insurance | -$154 | |
| HOA | -$40 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$224
|
||
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.
$325,000
PROJECTED PRICE
$1,940
PROJECTED RENT
0.60%
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
$91,875
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
1.5
YEARS SAVED
$3,339
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,940
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,973
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
3313 Francis Drive Wylie, TX 4
- 4 beds 2 baths ∙ 2,186 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,186 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,940
- $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
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
LEASED 07/21/20- Rent
- Rent Per SQFT
- $1,900
- $0.91
-
3012 Nathan Drive Wylie, TX 3
- 3 beds 2 baths ∙ 2,036 Sqft ∙ Built 2010 3 beds 2 baths ∙ 2,036 Sqft ∙ Built 2010
LEASED 01/07/20- Rent
- Rent Per SQFT
- $1,925
- $0.95
-
3102 Charles Court Wylie, TX 5
- 3 beds 2 baths ∙ 2,256 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,256 Sqft ∙ Built 2002
LEASED 12/10/20- Rent
- Rent Per SQFT
- $1,950
- $0.86
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14480525
Last Updated: 12/12/2020
