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510 Candlewood Court 
Wylie, TX
75098
4 Beds 4 Baths 3,161 sqft
Built 1994
INVESTimate
$389,000
List Price
$108,835
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PROPERTY INFO
FACTS
- Built In 1994
- Price/Sqft : $123.06
- 1 Days on Market
- MLS # : 14421060
- Updated Date : 08/26/2020 at 03:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,161 sqft
- Baths : 3 full , 1 half
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
Check out this GORGEOUS, completely updated two story home nestled away on an over-sized lot in Wylie! Features 4 bedrooms, 3.5 baths with an office. Escape to your master retreat with his and her closets, garden tub & large shower. Down stairs features an open concept with formal dining & sitting room. Gourmet kitchen with shaker style cabinets, stainless steel appliances and granite counter tops. Unwind on the weekend in your back yard oasis offering a great amount of patio space & pool wonderful for cooling down on a hot day! Laundry chute making laundry less of a chore! This home won't last long!
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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,240 |
| EXPENSES | Loan Payment | -$1,435 |
| Property Tax | -$805 | |
| Property Insurance | -$210 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$309
|
||
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.
$389,000
PROJECTED PRICE
$2,240
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.85% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$108,835
LOAN DETAILS
$1,435
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $97,250 |
| Loan Amount | $291,750 |
1.25
YEARS SAVED
$2,668
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 -
$0.71
LIST RENT PER SQFT
-
$2,300
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
510 Candlewood Court Wylie, TX 3
- 4 beds 4 baths ∙ 3,161 Sqft ∙ Built 1994 4 beds 4 baths ∙ 3,161 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $2,240
- $0.71
-
1210 Majestic Way Wylie, TX 1
- 4 beds 3 baths ∙ 2,832 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,832 Sqft ∙ Built 2006
LEASED 12/17/19- Rent
- Rent Per SQFT
- $2,100
- $0.74
-
1322 Lake Trail Court Wylie, TX 2
- 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2006
LEASED 06/26/20- Rent
- Rent Per SQFT
- $2,150
- $0.71
-
407 Woodhollow Drive Wylie, TX 4
- 3 beds 3 baths ∙ 3,100 Sqft ∙ Built 1980 3 beds 3 baths ∙ 3,100 Sqft ∙ Built 1980
LEASED 04/24/20- Rent
- Rent Per SQFT
- $2,295
- $0.74
-
1909 Fairlake Drive Wylie, TX 5
- 4 beds 3 baths ∙ 3,177 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,177 Sqft ∙ Built 2008
LEASED 07/13/20- Rent
- Rent Per SQFT
- $2,300
- $0.72
PROPERTY LISTING DETAILS
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14421060
Last Updated: 08/26/2020
