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1909 Sina Avenue Abilene, TX 79601

4 Beds 3 Baths 2,020 sqft Built 2021

$304,900

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $150.94
  • 5 Days on Market
  • MLS # : 14499078
  • Updated Date : 01/13/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,020 sqft
  • Baths : 2 full , 1 half
Listing Agent

Abilene Group Premier Real Estate Advisors Llc

Listing Agent's Description

Located in the back of phase 1 at Griffith Lake Estates. This awesome Cornerstone home is waiting on you to start your memories. 4 bedrooms, 2 full bathrooms, and 1 half bath make this the perfect home for raising a family and entertaining friends. Take advantage of this better than advertised community. Catch a fish in the private lake. Cool off in the community pool. Get fresh vegetables out of the community garden in the summer. Convenient to the brand new Taylor Elementary school. ACU and the new retail shops are a 2 minute drive away. Hendrick Hospital is about five minutes. Call me for your private showing.

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

Neighborhood: Abilene Heights Area

NeighborhoodNIR Market*CityMarket2010Year2005 Q3201970k80k90k100k110k120k130k140k150kPrice in $66k158k

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

Neighborhood: Abilene Heights Area

NeighborhoodNIR Market*CityMarket2015Year20112019 Q28509009501000105011001150120012501300Rent in $8171325

* 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
Taylor Elementary School Primary Regular 600 34 5
Craig Middle School Middle Regular 911 61 4
Abilene High School High Regular 1,925 131 4

Taylor Elementary School

  • Education Level: Primary
  • # of students: 600
  • # of teachers: 34
5
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
 

$274,410$335,390$304,900

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,059
Property Tax -$656
Property Insurance -$142
HOA -$60
Property Management Fees -$99
CASH FLOW
-$607

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.

$304,900

PROJECTED PRICE

$1,410

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 5.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$82,799

INVESTMENT

$82,799

Down Payment
$76,225
Rehab Estimate
$2,000
Closing Costs
$4,574

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,225
Loan Amount $228,675
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$51

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,744

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,410
1$1,4102$1,4753$1,5954$1,695
$1,695
RENT COMPS ANALYSIS
  • 1909 Sina Avenue Abilene, TX 1
    • 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.70
    •  
  • 2149 Old Ironsides Abilene, TX 2
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 2005
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.88
    •  
  • 2118 Old Ironsides Road Abilene, TX 3
    • 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 2005
    property image
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.85
    •  
  • 3017 Founders Place Abilene, TX 4
    • 4 beds 2 baths ∙ 1,961 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,961 Sqft ∙ Built 2013
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.86
    •  
PROPERTY LISTING DETAILS
Phil Hill
Abilene Group Premier Real Estate Advisors Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14499078
Last Updated: 01/13/2021
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