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101 El Camino Court Abilene, TX 79602

4 Beds 4 Baths 3,075 sqft Built 2020

$499,500

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $162.44
  • 18 Days on Market
  • MLS # : 14480591
  • Updated Date : 12/19/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,075 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Agent-owner relationship - What a breathtaking home being built by Countryside Homes, LLC! As you walk through the front doors, you'll walk straight into the dining room with the kitchen and living room, open, on each side of the dining. The master bathroom features a walk-thru shower along with a huge walk-thru closet leading to the utility room. This property has 4 bedrooms plus an office and a 3-car garage. There will be a kitchen table custom built for this home. This property is a must see!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 79602

ZipNIR Market*CityMarket2010Year2005 Q3201970k80k90k100k110k120k130k140k150k160k170k180kPrice in $66k189k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 79602

ZipNIR Market*CityMarket2015Year20112019 Q28509009501000105011001150120012501300Rent in $8171309

* 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
Wylie Intermediate School Primary Regular 618 34 8
Wylie Junior High School Middle Regular 625 37 9
Wylie High School High Regular 1,026 67 8

Wylie Intermediate School

  • Education Level: Primary
  • # of students: 618
  • # of teachers: 34
8
GreatSchools Rating

Wylie Junior High School

  • Education Level: Middle
  • # of students: 625
  • # of teachers: 37
9
GreatSchools Rating

Wylie High School

  • Education Level: High
  • # of students: 1,026
  • # of teachers: 67
8
GreatSchools Rating
 

$449,550$549,450$499,500

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,843
Property Tax -$1,075
Property Insurance -$202
Property Management Fees -$99
CASH FLOW
-$1,690

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$499,500

PROJECTED PRICE

$1,530

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.0%
Maintenance Year (1-5) 3.00%
Vacancy 9.90%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,368

INVESTMENT

$134,368

Down Payment
$124,875
Rehab Estimate
$2,000
Closing Costs
$7,493

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,843

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,875
Loan Amount $374,625
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$8,427

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.5

    LIST RENT PER SQFT
  • $2,291

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,530
1$1,5302$2,4003$2,495
$2,495
RENT COMPS ANALYSIS
  • 101 El Camino Court Abilene, TX 1
    • 4 beds 4 baths ∙ 3,075 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,075 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.50
    •  
  • 101 Prairie Harvest Road Abilene, TX 2
    • 5 beds 3 baths ∙ 3,285 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,285 Sqft ∙ Built 2005
    LEASED 06/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.73
    •  
  • 202 Idle Creek Trail Abilene, TX 3
    • 4 beds 4 baths ∙ 3,294 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,294 Sqft ∙ Built 2006
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.76
    •  
PROPERTY LISTING DETAILS
Karie Zonker
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14480591
Last Updated: 12/19/2020
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