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1541 Squires Road Abilene, TX 79602

3 Beds 2 Baths 1,728 sqft Built 1993

INVESTimate

$203,000

List Price

$1,220

$1,098 - $1,342

Rent Est.

$211,587  ( +4.23%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $117.48
  • 5 Days on Market
  • MLS # : 14418879
  • Updated Date : 08/22/2020 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,728 sqft
  • Baths : 2 full
Listing Agent

Sendero Properties Llc

Listing Agent's Description

This charming home is walking distance from Nelson Park, the Abilene Zoo, the Expo Center and Splash Pad, and has been lovingly cared for. Boasting new front windows, front door and garage door, updated laminate flooring, and so much more! The open concept is accented by the focal point wood burning fireplace, vaulted ceilings, and there is a bonus room that would make a fantastic game room or office! The kitchen comes with matching stainless Whirlpool appliances, pantry, and breakfast bar. New french doors lead into the spacious, private back yard, complete with trees, a covered 6-person Jacuzzi and 12 x 24 shop with electric and 220 wiring. This amazing property is waiting for you! Welcome home.

SEE MORE

MARKET HIGHLIGHTS

  • . 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: South E. Highway 80

ZipNIR Market*CityMarket2010Year2005 Q3201970k80k90k100k110k120k130k140k150k160k170k180kPrice in $66k189k

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

Neighborhood: South E. Highway 80

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
Thomas Elementary School Primary Regular 551 34 6
Craig Middle School Middle Regular 911 61 4
Abilene High School High Regular 1,925 131 4

Thomas Elementary School

  • Education Level: Primary
  • # of students: 551
  • # of teachers: 34
6
GreatSchools Rating

Craig Middle School

  • Education Level: Middle
  • # of students: 911
  • # of teachers: 61
4
GreatSchools Rating

Abilene High School

  • Education Level: High
  • # of students: 1,925
  • # of teachers: 131
4
GreatSchools Rating
 

$182,700$223,300$203,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$749
Property Tax -$437
Property Insurance -$126
Property Management Fees -$99
CASH FLOW
-$191

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$203,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.23%
Maintenance Year (1-5) 8.00%
Vacancy 9.90%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$59,545

INVESTMENT

$59,545

Down Payment
$50,750
Rehab Estimate
$5,750
Closing Costs
$3,045

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$749

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,750
Loan Amount $152,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$38

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,318

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2203$1,2954$1,3505$1,395
$1,395
RENT COMPS ANALYSIS
  • 1541 Squires Road Abilene, TX 2
    • 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.71
    •  
  • 909 Parsons Road Abilene, TX 1
    • 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1984
    LEASED 04/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.74
    •  
  • 1333 Summoner Lane Abilene, TX 3
    • 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1981
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.76
    •  
  • 1009 Manciples Way Abilene, TX 4
    • 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 1981
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.77
    •  
  • 1342 Summoner Lane Abilene, TX 5
    • 4 beds 2 baths ∙ 1,787 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,787 Sqft ∙ Built 1987
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.78
    •  
PROPERTY LISTING DETAILS
Caleb Fullerton
Sendero Properties Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418879
Last Updated: 08/22/2020
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