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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $151.96
- 3 Days on Market
- MLS # : 14473994
- Updated Date : 11/21/2020 at 15:14
CONSTRUCTION
- Beds : 3
- Floor Size : 1,480 sqft
- Baths : 2 full , 1 half
Listing Agent
Fathom Realty Llc
Listing Agent's Description
Beautiful well-maintained, two-story home in highly sought-after Wylie ISD, 3 bedrooms, 2.5 baths, & a two-car garage. This is one of the largest houses in the neighborhood. This home features a spacious eat-in gourmet kitchen with plenty of storage and opens to the dining and living room areas. Relax at the covered porch where you can enjoy your leisure time. The spacious private backyard with a gazebo adds to the ease of entertaining & family time. The garage was previously equipped as a hair salon and could be easily used as a man's cave, gym, etc. Close to trails, skate park, city library, park, recreation center, Collin College Wylie Campus, & a plethora of shops, restaurants, and shopping centers!
SEE MORE
- 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
* 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 | $1,630 |
| EXPENSES | Loan Payment | -$830 |
| Property Tax | -$385 | |
| Property Insurance | -$113 | |
| HOA | -$18 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$186
|
||
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.
$224,900
PROJECTED PRICE
$1,630
PROJECTED RENT
0.72%
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
$65,349
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,225 |
| Loan Amount | $168,675 |
9.08
YEARS SAVED
$32,005
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 -
$1.1
LIST RENT PER SQFT
-
$1,617
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
812 Greene Way Wylie, TX 5
- 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,630
- $1.10
-
826 Greene Way Wylie, TX 1
- 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 2003
LEASED 11/03/20- Rent
- Rent Per SQFT
- $1,550
- $1.07
-
911 Greene Way Wylie, TX 2
- 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 2003
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,595
- $1.10
-
914 Chickesaw Lane Wylie, TX 3
- 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 2003
LEASED 04/06/20- Rent
- Rent Per SQFT
- $1,595
- $1.10
-
915 Carlton Road Wylie, TX 4
- 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 2003
LEASED 05/10/20- Rent
- Rent Per SQFT
- $1,595
- $1.10
PROPERTY LISTING DETAILS
Fathom Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14473994
Last Updated: 11/21/2020
