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2317 Cicily Lane 
Abilene, TX
79606
3 Beds 2 Baths 1,373 sqft
Built 1981
INVESTimate
$155,000
List Price
$46,825
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PROPERTY INFO
FACTS
- Built In 1981
- Price/Sqft : $112.89
- 2 Days on Market
- MLS # : 14419834
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,373 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Great 3 bedroom, 2 bathroom home with a great backyard! The open floor plan makes it easy to keep an eye on your little ones or convenient to entertain friends and family! New laminate flooring through out and tile in the kitchen and bathrooms. No carpet! The spacious living area has vaulted ceilings and a floor to ceiling brick fireplace. Large dining room. Kitchen overlooks the very large fenced in backyard. Out back is a covered patio and storage shed. Schedule your showing today!
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
Zip Code: 79606
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 79606
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,230 |
| EXPENSES | Loan Payment | -$572 |
| Property Tax | -$334 | |
| Property Insurance | -$105 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$120
|
||
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.
$155,000
PROJECTED PRICE
$1,230
PROJECTED RENT
0.79%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 4.82% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.90% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$46,825
LOAN DETAILS
$572
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $38,750 |
| Loan Amount | $116,250 |
5
YEARS SAVED
$9,342
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,230
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,229
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
2317 Cicily Lane Abilene, TX 4
- 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $1,230
- $0.90
-
2325 Kerry Lane Abilene, TX 1
- 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1980
LEASED 08/10/20- Rent
- Rent Per SQFT
- $1,159
- $0.87
-
2318 Corsicana Avenue Abilene, TX 2
- 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1980
LEASED 02/17/20- Rent
- Rent Per SQFT
- $1,195
- $0.89
-
5317 Southmoor Drive Abilene, TX 3
- 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1980
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,225
- $0.85
-
2310 Kerry Lane Abilene, TX 5
- 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1981
LEASED 01/10/20- Rent
- Rent Per SQFT
- $1,395
- $0.97
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419834
Last Updated: 08/25/2020
