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312 Hondo Abilene, TX 79602

4 Beds 2 Baths 1,679 sqft Built 2016

$233,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $138.77
  • 2 Days on Market
  • MLS # : 14488353
  • Updated Date : 12/19/2020 at 11:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,679 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Stunning custom built 4 bedroom 2 bath home in Potosi Prairie. This home features granite countertops, ceramic tile, carpet in the rooms and stainless appliances all on over half an acre outside the city limits. Backyard is fenced and includes a storage shed.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 79602

ZipNIR Market*CityMarket2010Year2005 Q3201970k80k90k100k110k120k130k140k150k160k170k180kPrice in $66k189k

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

Zip Code: 79602

ZipNIR Market*CityMarket2015Year20112019 Q28509009501000105011001150120012501300Rent in $8171309

* 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
 

$209,700$256,300$233,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$860
Property Tax -$502
Property Insurance -$123
Property Management Fees -$99
CASH FLOW
$147

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.

$233,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,495

INVESTMENT

$67,495

Down Payment
$58,250
Rehab Estimate
$5,750
Closing Costs
$3,495

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$860

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,250
Loan Amount $174,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$12,157

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,700

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7003$1,7304$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 312 Hondo Abilene, TX 3
    • 4 beds 2 baths ∙ 1,679 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,679 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.03
    •  
  • 264 Hog Eye Road Abilene, TX 1
    • 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2016
    property image
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.99
    •  
  • 324 Hog Eye Road Abilene, TX 2
    • 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 2018
    property image
    LEASED 09/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
  • 312 Hondo Road Abilene, TX 4
    • 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 2016
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
  • 329 Hondo Road Abilene, TX 5
    • 4 beds 2 baths ∙ 1,687 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,687 Sqft ∙ Built 2017
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.06
    •  
PROPERTY LISTING DETAILS
Lindsey Swart
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488353
Last Updated: 12/19/2020
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