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$2,057,285

2744 Fm 1378, Wylie, TX, 75098

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths600 Sq Ft
ApartmentApartment
price_per_sqft$2 / sqft
Year BuiltBuilt in 2005

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesDishwasher, Dryer, Electric Range, Refrigerator, Washer

Exterior

Lot Size1.99 acres

Building Information

Year Built2005
Stories1

Land Information

APNR-6561-000-0550-1
Lot Number55
SubdivisionM L Morris Survey
Land UseCommercial
Legal DescriptionABS A0561 M L MORRIS SURVEY, TRACT 55, 1.99 ACRES
Census Tract031314
Assessed Land Value$693,475
Assessed Improvement Value$1,363,810
Assessment Year2025

About this property

ALL UTILITIES ARE INCLUDED IN THE RENT. Cute apartment that was designed for property manager of storage facility. Door is rear entry inside a gated area and is private entry. Covered 6x30 patio. Stained concrete floor. Washer, dryer, refrigerator, self cleaning oven, comes with apartment. Bedrooms have luxury vinyl and ceiling fans, 2 inch wood blinds. Utilities are included, water, sewer and electricity.

Investor Tools

Property Icon
$2,057,285
Estimated Property Value
$205,000Estimated Mortgage Balance
$1,899,342Estimated Equity
90% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$12,344 /month
Positive
Cash Flow Estimate:
$4,115 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,025/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$26,016
$2,057,285
2025
$693,475
$1,363,810
$2,057,285
No

Tax History

Year
Tax Paid
Assessed Value
2024
$26,016
$2,057,285

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Legacytexas Bank
Commercial
$205,000
No
First
Sep 22, 2015
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$157,943
$1,899,342
92%
8%
$1,230/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Wylie

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2744 Fm 1378 | Property Details | No Agent List