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522 Wildwood Drive Murphy, TX 75094

4 Beds 4 Baths 3,483 sqft Built 2009

$469,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $134.65
  • 3 Days on Market
  • MLS # : 14474083
  • Updated Date : 11/28/2020 at 20:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,483 sqft
  • Baths : 4 full
Listing Agent

Hsn Realty Llc

Listing Agent's Description

Fall in Love with this absolutely Stunning Fabulous 4 Bed,4 Bath,2 Living,2 Dining and 1 Study Double story house located at The Maxwell Creek awaits your approval.Each bedroom has own full bath.Upstairs living area can be use as Game Room.The neutral color scheme works beautifully with any décor & the abundance of windows invites the sun to fill each room with natural light.MOVE IN READY.Large welcoming upgraded kitchen and dining area.Big size pantry. Hardwood,Carpet and Ceramic floors and beautiful granite counter tops and island.Large backyard with covered patio.3 car garage. Exemplary schools of Wylie ISD.

SEE MORE

MARKET HIGHLIGHTS

  • 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

Neighborhood: Maxwell Creek North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k458k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Maxwell Creek North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262522

* 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
Tibbals Elementary School Primary Regular 613 37 10
Raymond B. Cooper Junior High School Middle Regular 748 44 10
Raymond B. Cooper Junior High School High Regular 748 44 10

Tibbals Elementary School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 37
10
GreatSchools Rating

Raymond B. Cooper Junior High School

  • Education Level: Middle
  • # of students: 748
  • # of teachers: 44
10
GreatSchools Rating

Raymond B. Cooper Junior High School

  • Education Level: High
  • # of students: 748
  • # of teachers: 44
10
GreatSchools Rating
 

$422,100$515,900$469,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$1,730
Property Tax -$816
Property Insurance -$228
HOA -$44
Property Management Fees -$99
CASH FLOW
-$398

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.

$469,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.5%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,035

INVESTMENT

$130,035

Down Payment
$117,250
Rehab Estimate
$5,750
Closing Costs
$7,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,250
Loan Amount $351,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,915

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,604

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,5203$2,5754$2,6005$2,699
$2,699
RENT COMPS ANALYSIS
  • 522 Wildwood Drive Murphy, TX 2
    • 4 beds 4 baths ∙ 3,483 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,483 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $0.72
    •  
  • 909 Appalachian Drive Wylie, TX 1
    • 4 beds 3 baths ∙ 3,300 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,300 Sqft ∙ Built 2010
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.68
    •  
  • 201 Misty Glen Lane Murphy, TX 3
    • 5 beds 4 baths ∙ 3,447 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,447 Sqft ∙ Built 2001
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $0.75
    •  
  • 434 Teagarden Court Murphy, TX 4
    • 4 beds 4 baths ∙ 3,383 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,383 Sqft ∙ Built 2005
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.77
    •  
  • 122 Carolyn Lane Murphy, TX 5
    • 5 beds 3 baths ∙ 3,399 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,399 Sqft ∙ Built 2000
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,699
    • $0.79
    •  
PROPERTY LISTING DETAILS
Hassan Butt
Hsn Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474083
Last Updated: 11/28/2020
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