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144 Hawker Lane Abilene, TX 79602

4 Beds 3 Baths 2,035 sqft Built 2021

$334,999

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $164.62
  • 3 Days on Market
  • MLS # : 14541163
  • Updated Date : 03/27/2021 at 21:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,035 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

NEW CONSTRUCTION in HUNTERS LANDING - CUSTOM MODERN HOME built on 0.5 Acres with NO City Taxes. Open floor plan, high cathedral ceilings, solid flooring & amazing view of the lg covered patio & back yard. Entertain & cook in your kitchen while guests flow between the indoor & outdoor living through double french doors which flank each side of the fireplace. The home includes granite counters throughout, SS Appliances, Sprinklers, Sod, & 2 trees in the front yard as well as a 6 ft privacy fence. The neighborhood offers a community pool, park & sidewalks. Construction just started providing you the opportunity to make design & finish choices giving it your personal touch!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

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
 

$301,499$368,499$334,999

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,164
Property Tax -$721
Property Insurance -$143
HOA -$29
Property Management Fees -$99
CASH FLOW
-$36

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.

$334,999

PROJECTED PRICE

$2,120

PROJECTED RENT

0.63%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,775

INVESTMENT

$90,775

Down Payment
$83,750
Rehab Estimate
$2,000
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,249
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,775

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,089

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8753$2,0954$2,120
$2,120
RENT COMPS ANALYSIS
  • 144 Hawker Lane Abilene, TX 4
    • 4 beds 3 baths ∙ 2,035 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,035 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $1.04
    •  
  • 267 Sweet Pea Path Abilene, TX 1
    • 4 beds 2 baths ∙ 1,726 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,726 Sqft ∙ Built 2019
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.04
    •  
  • 129 Carriage Hills Parkway Abilene, TX 2
    • 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 2019
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.10
    •  
  • 201 Iron Eagle Road Abilene, TX 3
    • 4 beds 2 baths ∙ 2,227 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,227 Sqft ∙ Built 2008
    LEASED 03/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.94
    •  
PROPERTY LISTING DETAILS
Brandi Sitter
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14541163
Last Updated: 03/27/2021
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