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3073 Button Willow Avenue Abilene, TX 79606

3 Beds 3 Baths 1,523 sqft Built 1981

$152,500

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $100.13
  • 3 Days on Market
  • MLS # : 14505834
  • Updated Date : 01/29/2021 at 11:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,523 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Hs Stovall

Listing Agent's Description

Great Location! Southside 3 bedrooms, 2.1 baths with many extras. Solar panels installed 2018 and provide electric to this home and will convey to new owner, hybrid water heater installed in 2020, water filter, Nest thermostat and new carpet. Kitchen features a nice breakfast bar and refrigerator stays. Cute home with a great layout. Backyard has a covered patio, storage shed and entire yard fenced. Conveniently located close to schools, shopping and restaurants. NO FLOOD. Call today to see this cute home, don't miss this one!

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: 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
 

$137,250$167,750$152,500

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$530
Property Tax -$328
Property Insurance -$114
Property Management Fees -$99
CASH FLOW
$209

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.

$152,500

PROJECTED PRICE

$1,280

PROJECTED RENT

0.84%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$46,163

INVESTMENT

$46,163

Down Payment
$38,125
Rehab Estimate
$5,750
Closing Costs
$2,288

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$530

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $38,125
Loan Amount $114,375
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$14,557

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,336

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2803$1,2954$1,3955$1,395
$1,395
RENT COMPS ANALYSIS
  • 3073 Button Willow Avenue Abilene, TX 2
    • 3 beds 3 baths ∙ 1,523 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,523 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.84
    •  
  • 2726 Button Willow Parkway Abilene, TX 1
    • 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
    •  
  • 2982 Oak Ridge Court Abilene, TX 3
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1986
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.89
    •  
  • 3033 Heritage Circle Abilene, TX 4
    • 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 1977
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.84
    •  
  • 5202 Pebblebrook Court Abilene, TX 5
    • 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 1981
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.86
    •  
PROPERTY LISTING DETAILS
Sandra Minnick
Berkshire Hathaway Hs Stovall
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505834
Last Updated: 01/29/2021
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