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2826 Button Willow Parkway Abilene, TX 79606

3 Beds 2 Baths 1,536 sqft Built 1981

$167,500

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $109.05
  • 2 Days on Market
  • MLS # : 14475561
  • Updated Date : 11/21/2020 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,536 sqft
  • Baths : 2 full
Listing Agent

Re/max Of Abilene

Listing Agent's Description

Move in and call this one home! New paint through out. New carpet in bedrooms. New flooring in kitchen and bath. Reworked sprinkler system by Hall Sprinklers. Refrigerator in kitchen. Living room with vaulted ceiling and fireplace. Dedicated entry way. Split bedrooms. Screened in back porch. Great storage house. Rear entry garage. Private mailbox. (Verify all measurements)

SEE MORE

MARKET HIGHLIGHTS

  • 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

Neighborhood: Chimney Rock Area

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $78k236k

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

Neighborhood: Chimney Rock Area

NeighborhoodNIR Market*CityMarket2015Year20112019 Q285090095010001050110011501200125013001350140014501500Rent in $8341531

* 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
Ward Elementary School Primary Regular 550 31 6
Madison Middle School Middle Regular 900 62 4
Cooper High School High Regular 1,806 135 4

Ward Elementary School

  • Education Level: Primary
  • # of students: 550
  • # of teachers: 31
6
GreatSchools Rating

Madison Middle School

  • Education Level: Middle
  • # of students: 900
  • # of teachers: 62
4
GreatSchools Rating

Cooper High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 135
4
GreatSchools Rating
 

$150,750$184,250$167,500

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$618
Property Tax -$361
Property Insurance -$115
Property Management Fees -$99
CASH FLOW
$148

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.

$167,500

PROJECTED PRICE

$1,340

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,138

INVESTMENT

$50,138

Down Payment
$41,875
Rehab Estimate
$5,750
Closing Costs
$2,513

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$618

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,875
Loan Amount $125,625
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$11,480

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,340

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,1953$1,2504$1,3405$1,400
$1,400
RENT COMPS ANALYSIS
  • 2826 Button Willow Parkway Abilene, TX 4
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.87
    •  
  • 4825 Stonecrest Court Abilene, TX 1
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1977
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.81
    •  
  • 3034 Rex Allen Drive Abilene, TX 2
    • 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 1981
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.81
    •  
  • 2726 Button Willow Parkway Abilene, TX 3
    • 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1978
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.92
    •  
  • 3018 Arlington Avenue Abilene, TX 5
    • 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1978
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.95
    •  
PROPERTY LISTING DETAILS
Edna Core
Re/max Of Abilene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475561
Last Updated: 11/21/2020
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