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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $126.61
- 2 Days on Market
- MLS # : 14468621
- Updated Date : 11/14/2020 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,409 sqft
- Baths : 3 full
Listing Agent
Re/max Of Abilene
Listing Agent's Description
Wylie ISD! Spacious 4 bedrooms, 3 baths, 2 living!!! Large kitchen, beautifully stained knotty Alder-wood, granite countertops & breakfast bar, stainless steel appliances, true double-ovens plus microwave, lots of counter space, pantry, bonus room upstairs has it's own full bath & walk-in closet (makes a 5th bedroom, media room, play room, etc.!) Beautiful wood-laminate flooring, carpet & ceramic tile. Huge walk-in closet in master bedroom and a jetted tub with separate shower in master bath. Big covered patio, fence, landscaping, & sprinkler system. Built in 2014 with many energy-star features such as low-E windows, energy-star appliances, sprinkler sys, & more makes this an extra-special home! 2409 sqft!
SEE MORE
- . 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
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 | $2,250 |
| EXPENSES | Loan Payment | -$1,125 |
| Property Tax | -$657 | |
| Property Insurance | -$165 | |
| HOA | -$10 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$194
|
||
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.
$305,000
PROJECTED PRICE
$2,250
PROJECTED RENT
0.74%
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
$86,575
LOAN DETAILS
$1,125
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $76,250 |
| Loan Amount | $228,750 |
4.5
YEARS SAVED
$15,931
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,250
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$2,409
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
333 Southlake Drive Abilene, TX 2
- 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2014
![property image]()
- Rent
- Rent Per SQFT
- $2,250
- $0.93
-
290 Southlake Drive Abilene, TX 1
- 4 beds 2 baths ∙ 2,075 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,075 Sqft ∙ Built 2015
![property image]()
LEASED 06/03/19- Rent
- Rent Per SQFT
- $2,195
- $1.06
-
449 Apple Blossom Drive Abilene, TX 3
- 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 2009
![property image]()
LEASED 07/18/19- Rent
- Rent Per SQFT
- $2,395
- $0.96
-
102 Angie Lane Abilene, TX 4
- 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2014
![property image]()
LEASED 06/23/20- Rent
- Rent Per SQFT
- $2,495
- $0.94
-
110 Alex Way Abilene, TX 5
- 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 2014
![property image]()
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,600
- $1.04
PROPERTY LISTING DETAILS
Re/max Of Abilene
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14468621
Last Updated: 11/14/2020
