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338 Rosemary Wylie, TX 75098

4 Beds 3 Baths 2,638 sqft Built 2020

$524,580

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
February 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $198.86
  • 6 Days on Market
  • MLS # : 14519041
  • Updated Date : 02/17/2021 at 11:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,638 sqft
  • Baths : 3 full
Listing Agent

Royal Realty, Inc.

Listing Agent's Description

New Grand Home with neighborhood Pool, park & trails. 3 car garage! Spacious East facing home with upstairs gameroom & downstairs guest suite & study with Shaker trim. Features include cast stone Fireplace, CAT 5, full oak staircase, wrought iron stairs, 8 ft interior doors w lever hardware. Open kitchen ready to entertain w granite slab tops, white cabinets with glass fronts, gas cooktop, stainless steel built in appliances & island. Master Bath has granite slab vanities. Security system with camera wiring & sprinkler system. Back patio has gas line for BBQ. Garland ISD with choice of schools. Energy Star certified w R38, 16SEER & radiant barrier roof.

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
Hillside Academy For Excel Primary Magnet 463 29 10
Classical Center At Brandenburg Middle School Middle Magnet 1,158 64 8
Sachse High School High Regular 2,859 159 7

Hillside Academy For Excel

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
GreatSchools Rating

Classical Center At Brandenburg Middle School

  • Education Level: Middle
  • # of students: 1,158
  • # of teachers: 64
8
GreatSchools Rating

Sachse High School

  • Education Level: High
  • # of students: 2,859
  • # of teachers: 159
7
GreatSchools Rating
 

$472,122$577,038$524,580

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,822
Property Tax -$872
Property Insurance -$180
HOA -$79
Property Management Fees -$99
CASH FLOW
-$812

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$524,580

PROJECTED PRICE

$2,240

PROJECTED RENT

0.43%

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) 3.00%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$141,014

INVESTMENT

$141,014

Down Payment
$131,145
Rehab Estimate
$2,000
Closing Costs
$7,869

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,822

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,145
Loan Amount $393,435
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$10

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,223

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1503$2,1504$2,2405$2,375
$2,375
RENT COMPS ANALYSIS
  • 338 Rosemary Wylie, TX 4
    • 4 beds 3 baths ∙ 2,638 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,638 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.85
    •  
  • 300 Highland Valley Court Wylie, TX 1
    • 4 beds 3 baths ∙ 2,355 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,355 Sqft ∙ Built 2005
    property image
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
  • 1912 Grand Fairway Drive Wylie, TX 2
    • 3 beds 3 baths ∙ 2,562 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,562 Sqft ∙ Built 2009
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.84
    •  
  • 313 Highland Fairway Lane Wylie, TX 3
    • 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 2009
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.86
    •  
  • 2004 E Fairway Winds Court Wylie, TX 5
    • 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2012
    property image
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.82
    •  
PROPERTY LISTING DETAILS
Stephen Brooks
Royal Realty, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14519041
Last Updated: 02/17/2021
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