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PROPERTY INFO
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
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Buck Creek Area
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$55,835
LOAN DETAILS
$656
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $47,250 |
| Loan Amount | $141,750 |
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
-
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
Abilene Group Premier Real Estate Advisors Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14504650
Last Updated: 01/26/2021
