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2326 Plymouth Rock Abilene, TX 79601

4 Beds 2 Baths 1,708 sqft Built 2018

$235,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $138.11
  • 2 Days on Market
  • MLS # : 14475418
  • Updated Date : 11/21/2020 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,708 sqft
  • Baths : 2 full
Listing Agent

Re/max Of Abilene

Listing Agent's Description

Better than new with landscaping, sprinkler system & sod, blinds, & refrigerator! This wonderful home features 4 bedrooms, 2 baths, & is beautifully finished--exactly what you expect from a Lantrips Custom Home! Open floor-plan, stone fireplace, gas logs, vinyl plank flooring & carpet bedrms, crown molding, granite counter-tops throughout, custom white-painted cabinets with soft close hinges, split bedrm plan. Master suite has tiled walk-in shower, separate vanities, garden tub & 2 walk in closets. Wood privacy fence, great view (see picture!) This neighborhood is close to Starbucks, ACU, HSU, Tech, & Hendrick Hospital! Dyess--10 minutes away! 10-year structural warranty (8 years left.) Move-in ready!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$212,310$259,490$235,900

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$870
Property Tax -$508
Property Insurance -$125
HOA -$12
Property Management Fees -$99
CASH FLOW
-$4

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.

$235,900

PROJECTED PRICE

$1,610

PROJECTED RENT

0.68%

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$600k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,264

INVESTMENT

$68,264

Down Payment
$58,975
Rehab Estimate
$5,750
Closing Costs
$3,539

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$870

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,975
Loan Amount $176,925
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$3,415

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,593

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,4953$1,4954$1,5955$1,610
$1,610
RENT COMPS ANALYSIS
  • 2326 Plymouth Rock Abilene, TX 5
    • 4 beds 2 baths ∙ 1,708 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,708 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.94
    •  
  • 2258 Republic Avenue Abilene, TX 1
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 2006
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.92
    •  
  • 2317 Independence Boulevard Abilene, TX 2
    • 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2006
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.92
    •  
  • 2265 Old Ironsides Road Abilene, TX 3
    • 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 2005
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.96
    •  
  • 2233 Old Ironsides Road Abilene, TX 4
    • 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
Paula Jones
Re/max Of Abilene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475418
Last Updated: 11/21/2020
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