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420 Kylie Lane Wylie, TX 75098

4 Beds 2 Baths 1,811 sqft Built 1992

$249,900

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $137.99
  • 3 Days on Market
  • MLS # : 14517828
  • Updated Date : 02/12/2021 at 11:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,811 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty

Listing Agent's Description

This beautiful home sits on a quiet neighborhood minutes from Downtown Wylie. As soon as you enter you will see the beautiful high ceilings and wood burning fireplace. This property has fresh interior and exterior paint and new carpet throughout. All the windows allow plenty of natural light in. Enjoy the new stepping stones landscape in the backyard with a brand new cedar fence. Storage shed will remain with the property. This four bedroom two bath home has a great layout. This home has been loved and cared for by the sellers and all you need to do is unpack! Wylie ISD schools.

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
T.f. Birmingham Elementary Primary Regular 547 34 7
Frank Mcmillan Junior High School Middle Regular 656 43 10
Wylie East High School High Regular 1,718 109 8

T.f. Birmingham Elementary

  • Education Level: Primary
  • # of students: 547
  • # of teachers: 34
7
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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$868
Property Tax -$517
Property Insurance -$132
Property Management Fees -$99
CASH FLOW
$114

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.

$249,900

PROJECTED PRICE

$1,730

PROJECTED RENT

0.69%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

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$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$20,255

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,711

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7303$1,7954$1,8005$1,895
$1,895
RENT COMPS ANALYSIS
  • 420 Kylie Lane Wylie, TX 2
    • 4 beds 2 baths ∙ 1,811 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,811 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.96
    •  
  • 401 Vicki Lane Wylie, TX 1
    • 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1987
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
  • 604 Cottondale Lane Wylie, TX 3
    • 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 2005
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.92
    •  
  • 414 Kylie Lane Wylie, TX 4
    • 4 beds 2 baths ∙ 1,927 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,927 Sqft ∙ Built 1991
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.93
    •  
  • 309 Sikorsky Court Wylie, TX 5
    • 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 2012
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.01
    •  
PROPERTY LISTING DETAILS
Ana Maria Beats
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517828
Last Updated: 02/12/2021
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