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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $139.25
- 2 Days on Market
- MLS # : 14486558
- Updated Date : 12/19/2020 at 05:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,441 sqft
- Baths : 2 full , 1 half
Listing Agent
Remax Of Abilene
Listing Agent's Description
One of a kind Fairway Oaks home. Modern designed 3 bedrooms, 2.5 baths with 2 great living areas and an office. Bright and airy living spaces and kitchen with tall ceiling and large picture windows. Large spare bedrooms. Great master suite with dual vanities, sinks, and closets. Master suite entrance to courtyard. Custom pergola and spacious deck in courtyard ,great for entertaining! Mature trees and fully landscaped yard. Ample parking with over-sized driveway and side entry garage. A rare modern 1-story home in the heart of Fairway Oaks Golf Course.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Fairway Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fairway Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$1,254 |
| Property Tax | -$732 | |
| Property Insurance | -$166 | |
| HOA | -$10 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$381
|
||
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.
$339,900
PROJECTED PRICE
$1,880
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 2.6% |
| 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
$95,824
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $84,975 |
| Loan Amount | $254,925 |
0.17
YEARS SAVED
$51
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,880
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,916
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
26 Cypress Point Street Abilene, TX 3
- 3 beds 3 baths ∙ 2,441 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,441 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $1,880
- $0.77
-
44 Hoylake Drive Abilene, TX 1
- 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1992
LEASED 01/22/20- Rent
- Rent Per SQFT
- $1,795
- $0.73
-
3025 Cherrybark Street Abilene, TX 2
- 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 1979
LEASED 07/23/20- Rent
- Rent Per SQFT
- $1,795
- $0.74
-
3242 Woodhollow Circle Abilene, TX 4
- 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 1981
LEASED 07/02/20- Rent
- Rent Per SQFT
- $1,950
- $0.79
-
2526 Woodlake Drive Abilene, TX 5
- 3 beds 2 baths ∙ 2,399 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,399 Sqft ∙ Built 1985
LEASED 04/29/20- Rent
- Rent Per SQFT
- $2,100
- $0.88
PROPERTY LISTING DETAILS
Remax Of Abilene
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14486558
Last Updated: 12/19/2020
