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2158 Independence Boulevard Abilene, TX 79601

3 Beds 2 Baths 1,553 sqft Built 2000

$189,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $121.70
  • 6 Days on Market
  • MLS # : 14504650
  • Updated Date : 01/26/2021 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,553 sqft
  • Baths : 2 full
Listing Agent

Abilene Group Premier Real Estate Advisors Llc

Listing Agent's Description

Charming home in Heritage parks. Large open living area that flows into open kitchen. Great character in this home with vaulted ceilings and large windows for lots of natural lighting. Spacious kitchen with an island and large pantry. Relax in the jetted tub in the master bathroom, which also includes separate shower and walk in closets. New landscaping outside makes activities outside that much better. Call for your private showing.

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: Buck Creek Area

NeighborhoodNIR Market*CityMarket2010Year2005 Q3201970k80k90k100k110k120k130k140k150kPrice in $66k157k

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

Neighborhood: Buck Creek Area

NeighborhoodNIR Market*CityMarket2015Year20112019 Q2850900950100010501100115012001250Rent in $8171287

* 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
 

$170,100$207,900$189,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$656
Property Tax -$407
Property Insurance -$116
HOA -$12
Property Management Fees -$99
CASH FLOW
$100

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.

$189,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 3.1%
Maintenance Year (1-5) 8.00%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$55,835

INVESTMENT

$55,835

Down Payment
$47,250
Rehab Estimate
$5,750
Closing Costs
$2,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$656

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,250
Loan Amount $141,750
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$6,445

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,464

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,3953$1,4754$1,4955$1,595
$1,595
RENT COMPS ANALYSIS
  • 2158 Independence Boulevard Abilene, TX 1
    • 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.90
    •  
  • 2225 Plymouth Rock Road Abilene, TX 2
    • 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1999
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.99
    •  
  • 2149 Old Ironsides Abilene, TX 3
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.88
    •  
  • 3165 Beacon Hill Road Abilene, TX 4
    • 4 beds 2 baths ∙ 1,536 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,536 Sqft ∙ Built 1986
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.97
    •  
  • 2233 Old Ironsides Road Abilene, TX 5
    • 4 beds 2 baths ∙ 1,715 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,715 Sqft ∙ Built 2005
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.93
    •  
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 #: 14504650
Last Updated: 01/26/2021
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