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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $166.10
- 2 Days on Market
- MLS # : 14513226
- Updated Date : 02/20/2021 at 13:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,041 sqft
- Baths : 2 full
Listing Agent
Compass Re Texas, Llc.
Listing Agent's Description
Pristine home built by Bloomfield Homes on distinguished corner lot in Kreymer Estates community in Wylie. You'll be welcomed in through your glass, wrought iron and wooden front door into an open, flowing floorplan featuring unique architectural details including wood look tile floors, generously-sized master suite & 3 car garage. Kitchen showcases custom-painted cabinetry, granite counters, island, pendant lighting, stainless appliances, gas range & built-in microwave. You'll love relaxing & entertaining in oversized back yard. The community includes a 2-acre park with hiking trail & playground. Located between Lake Ray Hubbard & Lake Lavon for plenty of outdoor activities nearby.
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 | $2,140 |
| EXPENSES | Loan Payment | -$1,177 |
| Property Tax | -$701 | |
| Property Insurance | -$145 | |
| HOA | -$43 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$26
|
||
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.
$339,000
PROJECTED PRICE
$2,140
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
$95,585
LOAN DETAILS
$1,177
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $84,750 |
| Loan Amount | $254,250 |
3.92
YEARS SAVED
$12,691
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,140
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,929
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
414 Tanglewood Drive Wylie, TX 5
- 3 beds 2 baths ∙ 2,041 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,041 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $2,140
- $1.05
-
1103 Destiny Court Wylie, TX 1
- 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 2004
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,725
- $0.90
-
1301 Red River Drive Wylie, TX 2
- 4 beds 2 baths ∙ 1,893 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,893 Sqft ∙ Built 2008
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,795
- $0.95
-
1218 Cedar Branch Drive Wylie, TX 3
- 4 beds 2 baths ∙ 1,860 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,860 Sqft ∙ Built 2006
LEASED 10/23/20- Rent
- Rent Per SQFT
- $1,850
- $0.99
-
1313 Cedar Branch Drive Wylie, TX 4
- 3 beds 3 baths ∙ 2,064 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,064 Sqft ∙ Built 2005
LEASED 11/20/20- Rent
- Rent Per SQFT
- $1,950
- $0.94
PROPERTY LISTING DETAILS
Compass Re Texas, Llc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14513226
Last Updated: 02/20/2021
