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4126 Sera Drive Abilene, TX 79606

3 Beds 2 Baths 1,552 sqft Built 1983

$174,900

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $112.69
  • 2 Days on Market
  • MLS # : 14515497
  • Updated Date : 02/12/2021 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,552 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Come see this 3 bedroom, 2 bath home in the highly sought after Mesquite Forest subdivision in Wylie ISD. New carpet in all 3 bedrooms. Fresh paint in the living room, kitchen, and bonus room. The bonus room has a separate entry door and can be used as an office, second living area or for whatever fits your needs. Hurry before it's gone!!

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: Far Southside

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $78k236k

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

Neighborhood: Far Southside

NeighborhoodNIR Market*CityMarket2015Year20112019 Q2900100011001200130014001500Rent in $8341588

* 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 High School High Regular 1,026 67 8
Early Childhood Center Primary Regular 428 25 NA

Wylie Intermediate School

  • Education Level: Primary
  • # of students: 618
  • # of teachers: 34
8
GreatSchools Rating

Wylie High School

  • Education Level: High
  • # of students: 1,026
  • # of teachers: 67
8
GreatSchools Rating

Early Childhood Center

  • Education Level: Primary
  • # of students: 428
  • # of teachers: 25
NA
GreatSchools Rating
 

$157,410$192,390$174,900

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$608
Property Tax -$377
Property Insurance -$116
Property Management Fees -$99
CASH FLOW
$241

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.

$174,900

PROJECTED PRICE

$1,440

PROJECTED RENT

0.82%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,099

INVESTMENT

$52,099

Down Payment
$43,725
Rehab Estimate
$5,750
Closing Costs
$2,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$608

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $43,725
Loan Amount $131,175
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$17,455

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,432

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,3953$1,3954$1,4005$1,440
$1,440
RENT COMPS ANALYSIS
  • 4126 Sera Drive Abilene, TX 5
    • 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.93
    •  
  • 7625 John Carroll Drive Abilene, TX 1
    • 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 1985
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.88
    •  
  • 7549 Thompson Parkway Abilene, TX 2
    • 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
    •  
  • 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 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.95
    •  
  • 7642 Rubyesther Circle Abilene, TX 4
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1982
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.91
    •  
PROPERTY LISTING DETAILS
Julie Poer
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14515497
Last Updated: 02/12/2021
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