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3750 Seymour Court Abilene, TX 79606

3 Beds 2 Baths 1,691 sqft Built 2021

$240,200

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $142.05
  • 2 Days on Market
  • MLS # : 14509814
  • Updated Date : 01/30/2021 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,691 sqft
  • Baths : 2 full
Listing Agent

Red Apple Realtors

Listing Agent's Description

Agent Related to Owner. New Design by Mike Ward Custom Homes. Modern Farmhouse, inviting front porch, ship lap, brick and porch railings. Front and back sprinkler system and grass. Fenced yard. Landscape in the front yard. Split Arrangement, 3 bed, 2 bath. Island kitchen, granite countertops, luxury vinyl plank flooring throughout. GE Stainless appliances, large corner pantry. This house is very conveniently located, accessable via Sth 14th, Southwest Drive or Rebecca Lane. Near Dyess. AISD Schools, Bassetti Elementary, Clack and Cooper HS.

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
 

$216,180$264,220$240,200

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$834
Property Tax -$517
Property Insurance -$124
Property Management Fees -$99
CASH FLOW
-$34

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$240,200

PROJECTED PRICE

$1,540

PROJECTED RENT

0.64%

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) 3.00%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,653

INVESTMENT

$65,653

Down Payment
$60,050
Rehab Estimate
$2,000
Closing Costs
$3,603

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,050
Loan Amount $180,150
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$1,861

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,530

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5403$1,5954$1,6955$1,695
$1,695
RENT COMPS ANALYSIS
  • 3750 Seymour Court Abilene, TX 2
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $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 01/02/21
    • 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
Crissy Duncan
Red Apple Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509814
Last Updated: 01/30/2021
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