Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

914 Cedar Creek Drive Wylie, TX 75098

5 Beds 3 Baths 3,007 sqft Built 2005

$340,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $113.07
  • 3 Days on Market
  • MLS # : 14497600
  • Updated Date : 01/16/2021 at 04:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,007 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

Beautiful 2 story 5 BR home with swing entry garage in Wylie ISD and master-planned community. Master down, huge family room and dining room...great for large gatherings! Recently replaced...HVAC 2016, roof 2016, wood fence 2018, wood laminate and carpet flooring. Nicely landscaped, swing entry garage, good schools, and close to shopping, restaurants, and more. Must see!

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
Davis Intermediate School Primary Regular 692 42 8
Frank Mcmillan Junior High School Middle Regular 656 43 10
Wylie East High School High Regular 1,718 109 8

Davis Intermediate School

  • Education Level: Primary
  • # of students: 692
  • # of teachers: 42
8
GreatSchools Rating

Frank Mcmillan Junior High School

  • Education Level: Middle
  • # of students: 656
  • # of teachers: 43
10
GreatSchools Rating

Wylie East High School

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

$306,000$374,000$340,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,181
Property Tax -$704
Property Insurance -$201
HOA -$27
Property Management Fees -$99
CASH FLOW
-$201

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.

$340,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.59%

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

PROJECTED ANNUAL CASH FLOW

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

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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,144

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,135

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,865
1$1,8652$1,8953$2,0104$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 914 Cedar Creek Drive Wylie, TX 3
    • 5 beds 3 baths ∙ 3,007 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,007 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.67
    •  
  • 208 Harvest Bend Drive Wylie, TX 1
    • 4 beds 3 baths ∙ 2,722 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,722 Sqft ∙ Built 2001
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,865
    • $0.69
    •  
  • 930 Cedar Creek Drive Wylie, TX 2
    • 4 beds 3 baths ∙ 2,789 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,789 Sqft ∙ Built 2005
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.68
    •  
  • 1900 Fairway Glen Drive Wylie, TX 4
    • 4 beds 3 baths ∙ 3,084 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,084 Sqft ∙ Built 2010
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.75
    •  
  • 1909 Fairlake Drive Wylie, TX 5
    • 4 beds 3 baths ∙ 3,177 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,177 Sqft ∙ Built 2008
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.72
    •  
PROPERTY LISTING DETAILS
Lori Ward
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497600
Last Updated: 01/16/2021
BESbswy