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3926 Enchanted Rock Road Abilene, TX 79606

4 Beds 3 Baths 2,653 sqft Built 2012

INVESTimate

$319,900

List Price

$2,120

$1,908 - $2,332

Rent Est.

$333,208  ( +4.16%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $120.58
  • 6 Days on Market
  • MLS # : 14417752
  • Updated Date : 08/24/2020 at 14:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,653 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Gorgeous and immaculate 4 bedroom 3 bath with an office on a corner lot. Large kitchen with beautiful skylight, cedar beams, granite countertops, stainless steel appliances. Formal dinning room has tall wood ceiling. Split floorplan, upstairs can be a media room or separate bedroom with a full bathroom. The backyard patio has a rock bar and cedar pergola for a wonderful relaxing atmosphere. Conveniently located to shopping, school, Dyess AFB and so much more!

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
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
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$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$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,180
Property Tax -$689
Property Insurance -$178
Property Management Fees -$99
CASH FLOW
-$26

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.

$319,900

PROJECTED PRICE

$2,120

PROJECTED RENT

0.66%

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$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,801

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,264

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0953$2,1204$2,250
$2,250
RENT COMPS ANALYSIS
  • 3926 Enchanted Rock Road Abilene, TX 3
    • 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.80
    •  
  • 4034 Cougar Way Abilene, TX 1
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2003
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.81
    •  
  • 6326 Milestone Drive Abilene, TX 2
    • 3 beds 2 baths ∙ 2,307 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,307 Sqft ∙ Built 2014
    LEASED 07/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.91
    •  
  • 3557 La Jolla Abilene, TX 4
    • 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2012
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.84
    •  
PROPERTY LISTING DETAILS
Tonya Harbin
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417752
Last Updated: 08/24/2020
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