Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3818 Westchester Drive Abilene, TX 79606

3 Beds 3 Baths 1,898 sqft Built 1980

INVESTimate

$186,800

List Price

$1,470

$1,323 - $1,617

Rent Est.

$194,571  ( +4.16%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $98.42
  • 3 Days on Market
  • MLS # : 14419796
  • Updated Date : 08/25/2020 at 09:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,898 sqft
  • Baths : 2 full , 1 half
Listing Agent

Senter, Realtors

Listing Agent's Description

Family home in nice neighborhood, includes formal living and dining and eat in kitchen, den features a neat brick wall and fireplace. Also, there is a half bath near garage and utility room. Minutes from Dyess and shopping. Rear entry garage.

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
Clack Middle School Middle Regular 818 58 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

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
 

$168,120$205,480$186,800

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$689
Property Tax -$402
Property Insurance -$135
Property Management Fees -$99
CASH FLOW
$144

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.

$186,800

PROJECTED PRICE

$1,470

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.16%
Maintenance Year (1-5) 8.00%
Vacancy 9.90%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$55,252

INVESTMENT

$55,252

Down Payment
$46,700
Rehab Estimate
$5,750
Closing Costs
$2,802

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$689

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,700
Loan Amount $140,100
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$11,101

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,604

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,470
1$1,4702$1,4953$1,4954$1,4955$1,795
$1,795
RENT COMPS ANALYSIS
  • 3818 Westchester Drive Abilene, TX 1
    • 3 beds 3 baths ∙ 1,898 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,898 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.77
    •  
  • 3258 Winterhawk Drive Abilene, TX 2
    • 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1978
    property image
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.86
    •  
  • 4833 Mourning Dove Lane Abilene, TX 3
    • 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 1980
    property image
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.79
    •  
  • 4673 Royal Crest Drive Abilene, TX 4
    • 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1982
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.85
    •  
  • 4841 Jennifer Lane Abilene, TX 5
    • 4 beds 2 baths ∙ 2,050 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,050 Sqft ∙ Built 1986
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.88
    •  
PROPERTY LISTING DETAILS
Diane Schmahl
Senter, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419796
Last Updated: 08/25/2020
BESbswy