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409 Oxford Drive Wylie, TX 75098

3 Beds 2 Baths 1,595 sqft Built 2004

$244,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $152.98
  • 4 Days on Market
  • MLS # : 14462230
  • Updated Date : 11/07/2020 at 19:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,595 sqft
  • Baths : 2 full
Listing Agent

Re/max Premier

Listing Agent's Description

OPEN HOUSE SUNDAY, NOVEMBER 8TH FROM 2:00 - 4:00 PM. Very open one story in great neighborhood with fabulous schools. Large bedrooms with ample closet space. Back yard backs up to park with shed, new covered patio, and hot tub. Great for entertaining! Nice sized open kitchen with stainless steel appliances, huge walk-in pantry, laundry area, and portable island. Walking distance to elementary school. Garage door is smart home accessible. Could this be your next home? Don't miss it!!

SEE MORE

MARKET HIGHLIGHTS

  • . 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

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
Davis Intermediate School Primary Regular 692 42 8
Frank Mcmillan Junior High School Middle Regular 656 43 10
Wylie East High School High Regular 1,718 109 8

Davis Intermediate School

  • Education Level: Primary
  • # of students: 692
  • # of teachers: 42
8
GreatSchools Rating

Frank Mcmillan Junior High School

  • Education Level: Middle
  • # of students: 656
  • # of teachers: 43
10
GreatSchools Rating

Wylie East High School

  • Education Level: High
  • # of students: 1,718
  • # of teachers: 109
8
GreatSchools Rating
 

$219,600$268,400$244,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$900
Property Tax -$505
Property Insurance -$119
HOA -$22
Property Management Fees -$99
CASH FLOW
-$25

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.

$244,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.66%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,410

INVESTMENT

$70,410

Down Payment
$61,000
Rehab Estimate
$5,750
Closing Costs
$3,660

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,000
Loan Amount $183,000
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$11,249

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,615

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,6204$1,6495$1,650
$1,650
RENT COMPS ANALYSIS
  • 409 Oxford Drive Wylie, TX 3
    • 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.02
    •  
  • 602 Linden Avenue Wylie, TX 1
    • 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 2004
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.00
    •  
  • 407 Ashland Drive Wylie, TX 2
    • 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 2003
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.00
    •  
  • 411 Ashland Drive Wylie, TX 4
    • 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 2003
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $1.03
    •  
  • 428 Ashland Drive Wylie, TX 5
    • 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 2003
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
PROPERTY LISTING DETAILS
Bridget Todd
Re/max Premier
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462230
Last Updated: 11/07/2020
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