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643 Wyndham Circle Keller, TX 76248

4 Beds 3 Baths 2,317 sqft Built 2002

$358,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $154.51
  • 8 Days on Market
  • MLS # : 14475697
  • Updated Date : 11/22/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,317 sqft
  • Baths : 2 full , 1 half
Listing Agent

Brent King Group

Listing Agent's Description

This two-story home has been completely updated. There are 4 bedrooms, 2.5 baths with hardwood floors throughout. Wonderful open floor plan, that creates great space for entertaining. Kitchen includes SS appliances, granite counter tops, island, breakfast bar and formal dining room. Nice size laundry with room for a fridge. The master bedroom is located on the first level. Master bath features dual sinks, walk in closet, separate shower and tub. There are additional 3 bedrooms upstairs with hardwood floors and one full bath. Great size backyard with covered patio. Home is walking distance to community pool and pavilion.

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

Neighborhood: Wyndham Village

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Neighborhood: Wyndham Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262706

* 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
Willis Lane Elementary School Primary Regular 486 33 10
Indian Springs Middle School Middle Regular 869 53 8
Keller High School High Regular 2,645 145 10

Willis Lane Elementary School

  • Education Level: Primary
  • # of students: 486
  • # of teachers: 33
10
GreatSchools Rating

Indian Springs Middle School

  • Education Level: Middle
  • # of students: 869
  • # of teachers: 53
8
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students: 2,645
  • # of teachers: 145
10
GreatSchools Rating
 

$322,200$393,800$358,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,321
Property Tax -$751
Property Insurance -$161
HOA -$92
Property Management Fees -$99
CASH FLOW
-$174

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.

$358,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.63%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,620

INVESTMENT

$100,620

Down Payment
$89,500
Rehab Estimate
$5,750
Closing Costs
$5,370

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,321

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,500
Loan Amount $268,500
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$6,648

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,247

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,2453$2,2504$2,2505$2,250
$2,250
RENT COMPS ANALYSIS
  • 643 Wyndham Circle Keller, TX 5
    • 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.97
    •  
  • 621 Willowwood Trail Keller, TX 1
    • 4 beds 2 baths ∙ 2,178 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,178 Sqft ∙ Built 1996
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.87
    •  
  • 1520 Sweetgum Circle Keller, TX 2
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1991
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.98
    •  
  • 639 Wyndham Circle Keller, TX 3
    • 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2002
    property image
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.02
    •  
  • 745 Saint Andrews Lane Keller, TX 4
    • 4 beds 2 baths ∙ 2,222 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,222 Sqft ∙ Built 1998
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.01
    •  
PROPERTY LISTING DETAILS
Brent King
Brent King Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475697
Last Updated: 11/22/2020
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