1. < Legendary Reef Way

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This page contains information about each property aggregated from public data sources, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more.

1822 Legendary Reef Way Wylie, TX 75098

4 Beds 3 Baths 2,613 sqft Built 2016
Last updated:  Nov 28, 2019

INVESTimate

$397,167

$368K - $427K

Price Est.

$2,675

$2.5K - $2.8K

Rent Est.

$107,749

Investment Est.

$432,316  ( +8.85%)   1 YR EST. FORECAST

1822 Legendary Reef Way PROPERTY INFO

FACTS
  • Built In 2016
  • Price/Sqft : $152.00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,613 sqft
  • Baths : 3 Full
PROPERTY DESCRIPTION
1822 Legendary Reef Way, Wylie, TX 75098 is a single family home of 2,613 sqft. HomeUnion estimate for 1822 Legendary Reef Way includes a Price Estimate of $397,167 and a Rent Estimate of $2,675. This single family home has 4 bedrooms, 3 bathrooms, and was built in 2016. This property has an estimated 15 year annualized Yield of 8.08% and Total Return of 28.70%. The estimated 1 year forecast in home value for 1822 Legendary Reef Way is 8.85%.

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1822 Legendary Reef Way SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
P.M. AKIN ELEMENTARY SCHOOL Primary Regular 518 35 9
FRANK MCMILLAN JUNIOR HIGH SCHOOL Middle Regular 633 37 8
WYLIE HIGH SCHOOL High Regular 1,738 115 8

P.M. AKIN ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 518
  • # of teachers: 35
9
GreatSchools Rating

FRANK MCMILLAN JUNIOR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 633
  • # of teachers: 37
8
GreatSchools Rating

WYLIE HIGH SCHOOL

  • Education Level: High
  • # of students: 1,738
  • # of teachers: 115
8
GreatSchools Rating
 

Financial Details

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Neighborhood

WYLIE

  • 52,768

    POPULATION

  • 16,612

    HOUSEHOLDS

  • 73.2%

    WHITE COLLAR

Neighborhood : WYLIE

HOUSEHOLDS
16,612
POPULATION

52,768

19.2%Renters
80.8%Home Owners
LABOR FORCE

 

73.2%White Collar
26.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 85% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,675 per month.

MY RENT : $2,675 MEDIAN RENT : $1,820

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.4%
$1,000-1,499 14.2%
>=$1,500 85.4%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $2,675 would therefore be considered affordable for annual household incomes greater than $107,000 (12 months x 3.333 x $2,675).

Rent % Affordability
Above $500 93.1%
Above $700 89.2%
Above $1,100 79.0%
Above $1,500 66.3%
Above $1,900 54.9%
HOUSEHOLD INCOME RANGE

Approximately 3,827 of households in this neighborhood have a total annual income of $107,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,675 per month.

MINIMUM INCOME RANGE : $107,000

Income % Distribution
<$20K 6.9%
$20K-$35K 7.4%
$35K-$60K 19.4%
$60K-$100K 26.0%
>=$100K 40.3%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 7.2%
10-14 mins 5.9%
15-19 mins 8.8%
20-29 mins 17.1%
30-44 mins 30.4%
45-59 mins 16.0%
>60 mins 13.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 85% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,675 per month.

MY RENT : $2,675 MEDIAN RENT : $1,820

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.4%
$1,000-1,499 14.2%
>=$1,500 85.4%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $2,675 would therefore be considered affordable for annual household incomes greater than $107,000 (12 months x 3.333 x $2,675).

Rent % Affordability
Above $500 93.1%
Above $700 89.2%
Above $1,100 79.0%
Above $1,500 66.3%
Above $1,900 54.9%
HOUSEHOLD INCOME RANGE

Approximately 3,827 of households in this neighborhood have a total annual income of $107,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,675 per month.

MINIMUM INCOME RANGE : $107,000

Income % Distribution
<$20K 6.9%
$20K-$35K 7.4%
$35K-$60K 19.4%
$60K-$100K 26.0%
>=$100K 40.3%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 7.2%
10-14 mins 5.9%
15-19 mins 8.8%
20-29 mins 17.1%
30-44 mins 30.4%
45-59 mins 16.0%
>60 mins 13.0%
WYLIE Demographics
INDUSTRY

           

Industry % Distribution
Educational Services 11.3%
Financial Industries 6.8%
Health Care & Social Assistance 10.5%
Manufacturing 11.7%
Professional & Scientific Tech Services 9.3%
Retail & Wholesale Trader 14.6%
Other 35.8%
OCCUPATION

           

Occupation % Distribution
Computer Engineering 11.0%
Construction 8.6%
Management, Business, & Financial 21.0%
Natural Resources Maintenance 8.4%
Production & Transportation 7.8%
Sales & Office 26.6%
Other 16.5%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 25.6%
15-19 7.8%
20-24 5.3%
25-44 30.4%
45-65 22.8%
66+ 8.1%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorâ??s degree or higher.

Education Level % Distribution
Associates Degree 9.0%
High School 25.2%
Masters Degree 7.8%
Some College 23.2%
Some High School 7.6%
Other 27.2%

WYLIE Demographics

INDUSTRY

Industry % Distribution
Educational Services 11.3%
Financial Industries 6.8%
Health Care & Social Assistance 10.5%
Manufacturing 11.7%
Professional & Scientific Tech Services 9.3%
Retail & Wholesale Trader 14.6%
Other 35.8%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 39% is 24 or younger and 8% is 65 or older.

Age % Distribution
<15 25.6%
15-19 7.8%
20-24 5.3%
25-44 30.4%
45-65 22.8%
66+ 8.1%
OCCUPATION

Occupation % Distribution
Computer Engineering 11.0%
Construction 8.6%
Management, Business, & Financial 21.0%
Natural Resources Maintenance 8.4%
Production & Transportation 7.8%
Sales & Office 26.6%
Other 16.5%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.0%
High School 25.2%
Masters Degree 7.8%
Some College 23.2%
Some High School 7.6%
Other 27.2%

1822 Legendary Reef Way Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , COLLIN County , or the 75098 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

  1. 75002
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