Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

174 Newhouse Drive Abilene, TX 79606

4 Beds 2 Baths 1,948 sqft Built 2021

$299,900

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $153.95
  • 3 Days on Market
  • MLS # : 14481192
  • Updated Date : 12/04/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,948 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Agent related to owner. New Lantrip's Custom Home in Newhouse Farms. This 4BR 2BA plan has everything, including a half acre lot outside the city limits! Wylie ISD. Features include open concept, split bedroom plan; crown molding and vinyl flooring throughout main areas; carpet in bedrooms; white custom cabinets with soft-close hinges; granite countertops; walk-in pantry; mud area; built-in desk; and large covered back porch. Primary suite includes free standing tub, separate walk-in shower, and a large walk-in closet with a door to the laundry room. Energy efficient with 16-SEER TRANE HVAC and programmable thermostat. Builder will provide a StrucSure 2-10 Warranty. Estimated completion- March 2021.

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: 79606

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $78k236k

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

Zip Code: 79606

ZipNIR Market*CityMarket2015Year20112019 Q285090095010001050110011501200125013001350140014501500Rent in $8341531

* 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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$1,107
Property Tax -$646
Property Insurance -$138
Property Management Fees -$99
CASH FLOW
-$799

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.

$299,900

PROJECTED PRICE

$1,190

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,474

INVESTMENT

$81,474

Down Payment
$74,975
Rehab Estimate
$2,000
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$1,708

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,623

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,190
1$1,1902$1,3953$1,5954$1,795
$1,795
RENT COMPS ANALYSIS
  • 174 Newhouse Drive Abilene, TX 1
    • 4 beds 2 baths ∙ 1,948 Sqft ∙ Built 2021 4 beds 2 baths ∙ 1,948 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $0.61
    •  
  • 7726 Antilley Road Abilene, TX 2
    • 4 beds 2 baths ∙ 2,128 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,128 Sqft ∙ Built 2005
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.66
    •  
  • 5401 Willow View Road Abilene, TX 3
    • 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 2002
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.83
    •  
  • 4510 Crosley Lane Abilene, TX 4
    • 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 2018
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.01
    •  
PROPERTY LISTING DETAILS
Robbie Johnson
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481192
Last Updated: 12/04/2020
BESbswy