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26 Winged Foot Circle Abilene, TX 79606

4 Beds 4 Baths 3,204 sqft Built 1991

$525,000

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $163.86
  • 2 Days on Market
  • MLS # : 14518415
  • Updated Date : 02/12/2021 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,204 sqft
  • Baths : 4 full
Listing Agent

Remax Of Abilene

Listing Agent's Description

Superb Golf Course lot with established trees and landscaping. Back yard features: a gorgeous heated pool with spa area, outdoor grill and entertaining bar , firepit, stunning pergola all overlooking the golf course. Southwest style with metal roof and front circular drive. Upon entering home you are greeted with soaring ceilings, satillo tile, large picture windows ,and a corner southwest style fireplace . Master suite features; satillo tile, corner fireplace, large walk in closets . Sunny office space overlooks pool. Floating island kitchen opens into picture window dining. Upstairs 2 bed rooms. Downstairs 2 bedrooms. Each with their own bathroom. Premier Golf Course Opportunity awaits you. Wylie ISD.

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

Neighborhood: Fairway Oaks

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $78k236k

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

Neighborhood: Fairway Oaks

NeighborhoodNIR Market*CityMarket2015Year20112019 Q2100012001400160018002000220024002600Rent in $8342646

* 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 High School High Regular 1,026 67 8
Early Childhood Center Primary Regular 428 25 NA

Wylie Intermediate School

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

Wylie High School

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

Early Childhood Center

  • Education Level: Primary
  • # of students: 428
  • # of teachers: 25
NA
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$1,824
Property Tax -$1,130
Property Insurance -$210
HOA -$13
Property Management Fees -$99
CASH FLOW
-$685

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.

$525,000

PROJECTED PRICE

$2,590

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$18k-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$29

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,371

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,590
$2,590
RENT COMPS ANALYSIS
  • 26 Winged Foot Circle Abilene, TX 2
    • 4 beds 4 baths ∙ 3,204 Sqft ∙ Built 1991 4 beds 4 baths ∙ 3,204 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $0.81
    •  
  • 55 Pebble Beach Street Abilene, TX 1
    • 4 beds 5 baths ∙ 3,114 Sqft ∙ Built 1990 4 beds 5 baths ∙ 3,114 Sqft ∙ Built 1990
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.74
    •  
PROPERTY LISTING DETAILS
Rhonda Hatchett
Remax Of Abilene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14518415
Last Updated: 02/12/2021
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