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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $124.82
- 5 Days on Market
- MLS # : 14491828
- Updated Date : 01/09/2021 at 17:20
CONSTRUCTION
- Beds : 3
- Floor Size : 1,402 sqft
- Baths : 2 full
Listing Agent
Tonya Harbin Real Estate
Listing Agent's Description
Beautiful 3 bed 2 bath home with great curb appeal! Split floor plan with spacious rooms. Owners suite includes en suite that has plenty of counter space & dual sinks. High ceilings in living room lead into the first dining area perfect for hosting gatherings of all sorts! The galley kitchen has granite counters & its own breakfast nook. The backyard has a large covered patio and outdoor space ready for your ideas!
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Far Southside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Far Southside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,370 |
| EXPENSES | Loan Payment | -$608 |
| Property Tax | -$377 | |
| Property Insurance | -$107 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$179
|
||
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.
$175,000
PROJECTED PRICE
$1,370
PROJECTED RENT
0.78%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 5.1% |
| 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
$52,125
LOAN DETAILS
$608
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $43,750 |
| Loan Amount | $131,250 |
6.25
YEARS SAVED
$12,040
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,370
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,370
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
4125 Karen Drive Abilene, TX 2
- 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $1,370
- $0.98
-
4502 Marlboro Drive Abilene, TX 1
- 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1987
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,295
- $0.94
-
4225 Craig Drive Abilene, TX 3
- 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 2002
LEASED 04/02/20- Rent
- Rent Per SQFT
- $1,395
- $0.95
-
4018 Karen Drive Abilene, TX 4
- 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1997
LEASED 06/04/20- Rent
- Rent Per SQFT
- $1,395
- $1.07
-
7549 Thompson Parkway Abilene, TX 5
- 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1997
LEASED 08/20/20- Rent
- Rent Per SQFT
- $1,395
- $0.95
PROPERTY LISTING DETAILS
Tonya Harbin Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14491828
Last Updated: 01/09/2021
