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$361,023

NAL Estimated Property Value

1305 Rain Tree Dr, Wylie, TX, 75098

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,983 Sq Ft
price_per_sqft$191.12 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Disposal, Gas Water Heater, Microwave
FlooringCeramic Tile, Luxury Vinyl Plank

Exterior

Exterior FeaturesPrivate Yard, Rain Gutters

Building Information

Year Built2004
Stories1
Garage Spaces1

Land Information

APNR-5132-00D-0240-1
Lot Number24
SubdivisionCascades The #1 (Cwy)
Land UseResidential
Legal DescriptionCASCADES THE #1 (CWY), BLK D, LOT 24
Census Tract031308
Assessed Land Value$112,500
Assessed Improvement Value$248,523
Assessment Year2025

About this property

Spacious one story in desirable Cascades neighborhood - Wylie ISD! Beautifully updated with luxury vinyl plank and stunning light fixtures throughout- no carpet! Crown molding and beautiful chandeliers show off the tall ceilings in the living spaces. See-through fireplace adds to the ambiance, allowing for great flow between living and kitchen. Kitchen updates include granite countertops, white cabinets with modern hardware and SS Appliances. Includes a large eat-in breakfast area. Both Bathrooms updated with granite countertops, white cabinets, modern faucets, light fixtures and mirrors. Split bedrm layout includes a 4th bedrm off living room with french doors, perfect for media room or office. Expansive backyard upgraded with a large patio. Patio cover stays with the home. City of Wylie water reservoir means no neighbors behind you! Additional updates - Solar window screens for Energy efficiency, ring doorbell and camera, landscaping, and cement walkway around exterior.

Investor Tools

Property Icon
$361,023
Estimated Property Value
$210,101Estimated Mortgage Balance
$150,922Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,274 /month
Positive
Cash Flow Estimate:
$758 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$566/month
$375/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,990
$361,023
2025
$112,500
$248,523
$361,023
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,990
$361,023

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
General Mortgage Capital Corp
Conventional
$219,000
No
First
Feb 23, 2024
Mar 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$210,101
$150,922
41%
58%
$1,314/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$1,689/mo
+$871/mo
8.5%

City: Wylie

1305 Rain Tree Dr | Property Details | No Agent List