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320 Highland Glen Drive 
Wylie, TX
75098
3 Beds 2 Baths 2,110 sqft
Built 2006
INVESTimate
$285,000
List Price
$81,275
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PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $135.07
- 2 Days on Market
- MLS # : 14402748
- Updated Date : 08/25/2020 at 19:29
CONSTRUCTION
- Beds : 3
- Floor Size : 2,110 sqft
- Baths : 2 full
Listing Agent
Pinnacle Realty Advisors
Listing Agent's Description
Beautiful ONE story home with closed in SUNROOM. Wood floors throughout except wet areas and office space upfront. Open kitchen that offers an island with GRANITE + NEW SS Appliances. Great space for entertaining. Large master suite that offers GARDEN TUB + SEPARATE SHOWER and DUAL SINKS. CUSTOM SHELVING in master closet and one secondary bedroom. FRESH paint throughout the home and exterior of the home. FRENCH DRAINS out back along with area to build a great fire pit. AWARD-WINNING WYLIE ISD.
SEE MORE
- . 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
Neighborhood: Woodbridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Woodbridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,840 |
| EXPENSES | Loan Payment | -$1,052 |
| Property Tax | -$618 | |
| Property Insurance | -$149 | |
| HOA | -$40 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$118
|
||
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.
$285,000
PROJECTED PRICE
$1,840
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.40% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$81,275
LOAN DETAILS
$1,052
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
2.5
YEARS SAVED
$6,495
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,840
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,841
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
320 Highland Glen Drive Wylie, TX 2
- 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $1,840
- $0.87
-
335 Highland Glen Trail Wylie, TX 1
- 3 beds 2 baths ∙ 2,220 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,220 Sqft ∙ Built 2005
![property image]()
LEASED 08/07/20- Rent
- Rent Per SQFT
- $1,800
- $0.81
-
306 Grand Highlands Drive Wylie, TX 3
- 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 2005
![property image]()
LEASED 10/30/19- Rent
- Rent Per SQFT
- $1,850
- $0.94
-
324 Highland Creek Drive Wylie, TX 4
- 3 beds 2 baths ∙ 2,242 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,242 Sqft ∙ Built 2006
![property image]()
LEASED 05/31/20- Rent
- Rent Per SQFT
- $1,850
- $0.83
-
309 Highland Creek Drive Wylie, TX 5
- 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 2005
![property image]()
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,995
- $0.91
PROPERTY LISTING DETAILS
Pinnacle Realty Advisors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14402748
Last Updated: 08/25/2020
