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233 Dollar Bill Drive Abilene, TX 79602

4 Beds 2 Baths 2,227 sqft Built 2005

$300,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $134.71
  • 4 Days on Market
  • MLS # : 14476567
  • Updated Date : 12/24/2020 at 11:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,227 sqft
  • Baths : 2 full
Listing Agent

Sendero Properties Llc

Listing Agent's Description

Gorgeous home situated on over 1 acre cul-de-sac lot in the highly sought after Wylie East School district. This 4 bedroom, 2 bathroom home has a nice open layout with split bedroom floor plan. Spacious kitchen with large walk in pantry and large master suite. All Bedrooms boast large closets and built ins. This home has been well maintained and it turn key ready for its new owners. Come enjoy “country living” with city convenience. Professional pics coming.

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

Zip Code: 79602

ZipNIR Market*CityMarket2010Year2005 Q3201970k80k90k100k110k120k130k140k150k160k170k180kPrice in $66k189k

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

Zip Code: 79602

ZipNIR Market*CityMarket2015Year20112019 Q28509009501000105011001150120012501300Rent in $8171309

* 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
Wylie Intermediate School Primary Regular 618 34 8
Wylie Junior High School Middle Regular 625 37 9
Wylie High School High Regular 1,026 67 8

Wylie Intermediate School

  • Education Level: Primary
  • # of students: 618
  • # of teachers: 34
8
GreatSchools Rating

Wylie Junior High School

  • Education Level: Middle
  • # of students: 625
  • # of teachers: 37
9
GreatSchools Rating

Wylie High School

  • Education Level: High
  • # of students: 1,026
  • # of teachers: 67
8
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,107
Property Tax -$646
Property Insurance -$154
Property Management Fees -$99
CASH FLOW
$164

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.

$300,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.0%
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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$13,905

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,199

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9503$2,1704$2,3955$2,600
$2,600
RENT COMPS ANALYSIS
  • 233 Dollar Bill Drive Abilene, TX 3
    • 4 beds 2 baths ∙ 2,227 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,227 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.97
    •  
  • 7225 Raven Court Abilene, TX 1
    • 3 beds 2 baths ∙ 1,947 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,947 Sqft ∙ Built 2016
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.97
    •  
  • 7210 Mcleod Drive Abilene, TX 2
    • 4 beds 2 baths ∙ 1,991 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,991 Sqft ∙ Built 2017
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.98
    •  
  • 449 Apple Blossom Drive Abilene, TX 4
    • 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 2009
    LEASED 07/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.96
    •  
  • 110 Alex Way Abilene, TX 5
    • 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 2014
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.04
    •  
PROPERTY LISTING DETAILS
Amber Sanders
Sendero Properties Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14476567
Last Updated: 12/24/2020
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