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3601 Firedog Road Abilene, TX 79606

3 Beds 2 Baths 1,702 sqft Built 2013

$230,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $135.14
  • 4 Days on Market
  • MLS # : 14466335
  • Updated Date : 11/05/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,702 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Amazing home in Butterfield Meadows subdivision convenient to Dyess AFB. This beautiful split floor plan home has everything you need! Gorgeous open living area with attached office or play space. Kitchen with cozy bartop and dining area. Secluded main bedroom with plenty of space and gorgeous bathroom suite boasting his and her vanities, large walk-in shower, large soaking tub and his and her closets. Second bedroom with loft area fun for the kids or as extra storage. Large third bedroom. Highly desired corner lot with sidewalks, sprinkler system, large backyard, and rear parking. Close to all Abilene has to offer! DON'T miss this one, call today for a showing!

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: Park Central Area

NeighborhoodNIR Market*CityMarket2010Year2005 Q3201970k80k90k100k110k120k130k140k150k160k170k180k190kPrice in $66k195k

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

Neighborhood: Park Central Area

NeighborhoodNIR Market*CityMarket2015Year20112019 Q2850900950100010501100115012001250Rent in $8171285

* 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
Bassetti Elementary School Primary Regular 602 37 5
Clack Middle School Middle Regular 818 58 4
Cooper High School High Regular 1,806 135 4

Bassetti Elementary School

  • Education Level: Primary
  • # of students: 602
  • # of teachers: 37
5
GreatSchools Rating

Clack Middle School

  • Education Level: Middle
  • # of students: 818
  • # of teachers: 58
4
GreatSchools Rating

Cooper High School

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

$207,000$253,000$230,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$849
Property Tax -$495
Property Insurance -$124
Property Management Fees -$99
CASH FLOW
-$17

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.

$230,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 5.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$2,911

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,540

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5503$1,5954$1,6955$1,695
$1,695
RENT COMPS ANALYSIS
  • 3601 Firedog Road Abilene, TX 2
    • 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
  • 3701 Kallies Cove Abilene, TX 1
    • 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 2014
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.78
    •  
  • 3358 Firedog Road Abilene, TX 3
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2015
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.94
    •  
  • 6581 Inverness Street Abilene, TX 4
    • 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2005
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.91
    •  
  • 3410 Firedog Road Abilene, TX 5
    • 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 2015
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.99
    •  
PROPERTY LISTING DETAILS
Jason Heufelder
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466335
Last Updated: 11/05/2020
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