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909 Fountain Drive Wylie, TX 75098

5 Beds 4 Baths 2,693 sqft Built 2002

$350,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $129.97
  • 2 Days on Market
  • MLS # : 14504317
  • Updated Date : 02/13/2021 at 16:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,693 sqft
  • Baths : 3 full , 1 half
Listing Agent

Acquisto Real Estate

Listing Agent's Description

East facing gorgeous home in popular Sage Creek w hard to find 5 Bedrooms! Grand entry welcomes you w soaring ceilings, hickory hardwood floors and light & bright floor plan. Chef's kitchen features granite, tile backsplash, ss appliances & breakfast bar which opens to cozy Family Room w fireplace to gather around. Private Master is complete w updated bathroom including frameless glass shower & garden tub. Four spacious Bedrooms w ample closet space and HUGE Game Room upstairs! Step outside to oversized cedar covered patio complete w stamped concrete & mounted TV. Backyard is perfect for BBQ's, watching the game or running around in yard w new wood fence. Walking distance to pool, sports courts & elem school.

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

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.v.groves Elementary School Primary Regular 632 40 9
Wylie High School High Regular 2,061 127 9

R.v.groves Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 40
9
GreatSchools Rating

Wylie High School

  • Education Level: High
  • # of students: 2,061
  • # of teachers: 127
9
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,216
Property Tax -$724
Property Insurance -$183
HOA -$31
Property Management Fees -$99
CASH FLOW
-$103

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.

$350,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.61%

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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$8,260

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,168

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,1003$2,1004$2,1505$2,300
$2,300
RENT COMPS ANALYSIS
  • 909 Fountain Drive Wylie, TX 4
    • 5 beds 4 baths ∙ 2,693 Sqft ∙ Built 2002 5 beds 4 baths ∙ 2,693 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.80
    •  
  • 3602 Olivia Drive Wylie, TX 1
    • 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2002
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.75
    •  
  • 103 Goldenrain Drive Wylie, TX 2
    • 4 beds 2 baths ∙ 2,630 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,630 Sqft ∙ Built 2004
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.80
    •  
  • 3110 Springwell Parkway Wylie, TX 3
    • 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2000
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.76
    •  
  • 704 Sugar Valley Murphy, TX 5
    • 4 beds 2 baths ∙ 2,541 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,541 Sqft ∙ Built 2005
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.91
    •  
PROPERTY LISTING DETAILS
Shana Acquisto
Acquisto Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14504317
Last Updated: 02/13/2021
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