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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $131.20
- 3 Days on Market
- MLS # : 14474884
- Updated Date : 11/20/2020 at 15:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,096 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
Newly painted grey interior walls, crown molding and dark, rich stained cabinets welcome you into this luxurious 4 bedroom, 2 and half bath home, in Wylie East ISD. Mudroom with stylish shiplap accent wall, hooks and cubbies for shoes. Barn doors, HUGE walk in master closet, separate vanities, make up area, walk in shower, and jetted corner tub. Stainless appliances, breakfast bar, ample cabinet space and counter tops, with built in wine rack. Spacious floor plan. Corner rock fireplace with wood mantle and wood laminate floors in living. Water softener. Sprinkler system, storage building, and nice wood fenced back yard. Highly desirable neighborhood! Schedule your appointment today!
SEE MORE
- 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
Zip Code: 79602
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 79602
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,110 |
| EXPENSES | Loan Payment | -$1,015 |
| Property Tax | -$592 | |
| Property Insurance | -$147 | |
| HOA | -$10 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$248
|
||
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.
$275,000
PROJECTED PRICE
$2,110
PROJECTED RENT
0.77%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,625
LOAN DETAILS
$1,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
5.67
YEARS SAVED
$20,333
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,110
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$2,091
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
273 Southlake Drive Abilene, TX 4
- 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $2,110
- $1.01
-
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
-
301 Southlake Drive Abilene, TX 2
- 4 beds 2 baths ∙ 1,947 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,947 Sqft ∙ Built 2014
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,895
- $0.97
-
7210 Mcleod Drive Abilene, TX 3
- 4 beds 2 baths ∙ 1,991 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,991 Sqft ∙ Built 2017
LEASED 07/12/20- Rent
- Rent Per SQFT
- $1,950
- $0.98
-
7210 Raven Court Abilene, TX 5
- 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 2016
LEASED 12/31/19- Rent
- Rent Per SQFT
- $2,150
- $1.07
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14474884
Last Updated: 11/20/2020
