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26 Winged Foot Circle Abilene, TX 79606

4 Beds 4 Baths 3,204 sqft Built 1991

$477,500

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1991
  • Price/Sqft : $149.03
  • 5 Days on Market
  • MLS # : 14463951
  • Updated Date : 11/04/2020 at 19:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,204 sqft
  • Baths : 4 full
Listing Agent

Berkshire Hathaway Homeservices Stovall, Realtors

Listing Agent's Description

PREMIER GOLF COURSE OPPORTUNITY. This unique property commands immediate attention upon approach. From the landscaping surrounding the circular drive to the warm, southwest style, this home beckons you to come inside. Soaring ceilings, satillo tile flooring throughout downstairs, large windows bringing sun inside, or allowing the outside to come in. Stunning yard with space for entertaining or just living big! The gorgeous pool will have you longing for warm weather. Enjoy the firepit, pergola, pool with spa, outdoor grill space plus a large view of the course. Fabulous master suite with private baths for all bdrms. Comfortable living at it's best with flexible 4th bdrm or office downstairs. Simply wonderful!

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 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
 

$429,750$525,250$477,500

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,762
Property Tax -$1,028
Property Insurance -$210
HOA -$13
Property Management Fees -$99
CASH FLOW
-$571

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.

$477,500

PROJECTED PRICE

$2,540

PROJECTED RENT

0.53%

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-$15k-$10k-$5.0k$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$132,288

INVESTMENT

$132,288

Down Payment
$119,375
Rehab Estimate
$5,750
Closing Costs
$7,163

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,762

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,375
Loan Amount $358,125
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$60

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,371

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,540
$2,540
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
    •  
    • $2,540
    • $0.79
    •  
  • 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
Kay Spiva
Berkshire Hathaway Homeservices Stovall, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463951
Last Updated: 11/04/2020
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