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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $143.03
- 2 Days on Market
- MLS # : 14471587
- Updated Date : 11/14/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,887 sqft
- Baths : 2 full
Listing Agent
Keller Williams Central
Listing Agent's Description
Come see this gorgeous updated home with mature trees and an incredible backyard. Features include updated kitchen with granite, backsplash, stainless appliances, and tile floors; hardwoods in main living and dining areas; double pane windows; large closet spaces and designer colors. Walk into the beautiful primary bedroom & through the barn door into the spacious bath area with an updated double sink vanity, renovated shower masterpiece, separate soaking tub, and two walk-in closets. Enjoy the double-sided fireplace in both living areas and views to the backyard with an expansive covered patio & grilling space, charming pool & decking, storage shed, and grass to play in throughout the year. This is a Must See!
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 | $1,690 |
| EXPENSES | Loan Payment | -$996 |
| Property Tax | -$558 | |
| Property Insurance | -$136 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$99
|
||
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.
$269,900
PROJECTED PRICE
$1,690
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
$77,274
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
2.92
YEARS SAVED
$7,542
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,690
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,797
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
502 Quail Creek Boulevard Wylie, TX 3
- 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 1987
![property image]()
- Rent
- Rent Per SQFT
- $1,690
- $0.90
-
501 Dogwood Drive Wylie, TX 1
- 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1971
![property image]()
LEASED 01/24/20- Rent
- Rent Per SQFT
- $1,500
- $0.87
-
306 Briarwood Drive Wylie, TX 2
- 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 1976
![property image]()
LEASED 08/16/20- Rent
- Rent Per SQFT
- $1,670
- $0.98
-
113 Liberty Drive Wylie, TX 4
- 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1986
![property image]()
LEASED 09/30/20- Rent
- Rent Per SQFT
- $1,695
- $0.97
-
1218 Cedar Branch Drive Wylie, TX 5
- 4 beds 2 baths ∙ 1,860 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,860 Sqft ∙ Built 2006
![property image]()
LEASED 10/23/20- Rent
- Rent Per SQFT
- $1,850
- $0.99
PROPERTY LISTING DETAILS
Keller Williams Central
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14471587
Last Updated: 11/14/2020
