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719 Stoneybrook Drive Wylie, TX 75098

3 Beds 2 Baths 1,575 sqft Built 1986

$250,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $158.73
  • 3 Days on Market
  • MLS # : 14502033
  • Updated Date : 01/22/2021 at 20:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,575 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors Plano

Listing Agent's Description

Charming move-in ready home with lots of updates and upgrades on a large, corner lot. There’s recent carpet in the three bedrooms and wood floors in the living room, kitchen, dining room and laundry room. The kitchen was redone in 2018 with Gorgeous 3 cm granite, glass tile backsplash and stainless double kitchen sink. The bathrooms feature recent granite counters, and newly installed toilets. Some of the other features include skylights, an extra parking pad, spacious utility room, roof and windows replaced in 2016 and so much more.

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

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
R.f. Hartman Elementary School Primary Regular 495 31 9
Grady Burnett Junior High School Middle Regular 725 43 9
Wylie East High School High Regular 1,718 109 8

R.f. Hartman Elementary School

  • Education Level: Primary
  • # of students: 495
  • # of teachers: 31
9
GreatSchools Rating

Grady Burnett Junior High School

  • Education Level: Middle
  • # of students: 725
  • # of teachers: 43
9
GreatSchools Rating

Wylie East High School

  • Education Level: High
  • # of students: 1,718
  • # of teachers: 109
8
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$868
Property Tax -$517
Property Insurance -$118
Property Management Fees -$99
CASH FLOW
$27

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.

$250,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.65%

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

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% 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 $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$13,044

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,646

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5603$1,5954$1,6305$1,750
$1,750
RENT COMPS ANALYSIS
  • 719 Stoneybrook Drive Wylie, TX 4
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $1.03
    •  
  • 619 Willow Way Wylie, TX 1
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1984
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.01
    •  
  • 407 Stoneybrook Drive Wylie, TX 2
    • 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1981
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.04
    •  
  • 603 Stoneybrook Drive Wylie, TX 3
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1981
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.08
    •  
  • 709 Westwind Way Wylie, TX 5
    • 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 1986
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.05
    •  
PROPERTY LISTING DETAILS
Sheri Eddleman
Ebby Halliday, Realtors Plano
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14502033
Last Updated: 01/22/2021
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