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

4318 Beall Boulevard Abilene, TX 79606

3 Beds 2 Baths 1,618 sqft Built 1982

$169,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $104.45
  • 5 Days on Market
  • MLS # : 14497018
  • Updated Date : 02/10/2021 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,618 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

This 3 bedroom 2 bath home nestles back into a well sought after neighborhood in Wylie area, close to the schools. Lots of space with 2 living areas. The backyard has a gated pool that's in the process of being cleaned. Entry way, hallway, stairwell as well as upstairs living area and the kitchen has all been freshly painted. Great family home..just needs a little TLC. This charming home will be sold as you see it. **NO FLOOD** More Photos coming soon.

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
 

$152,100$185,900$169,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$587
Property Tax -$364
Property Insurance -$119
Property Management Fees -$99
CASH FLOW
$291

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.

$169,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.86%

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$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,535

INVESTMENT

$50,535

Down Payment
$42,250
Rehab Estimate
$5,750
Closing Costs
$2,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$587

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $42,250
Loan Amount $126,750
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$22,452

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,460

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,3953$1,3954$1,4005$1,460
$1,460
RENT COMPS ANALYSIS
  • 4318 Beall Boulevard Abilene, TX 5
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.90
    •  
  • 7625 Ruby Esther Circle Abilene, TX 1
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1982
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.87
    •  
  • 7625 John Carroll Drive Abilene, TX 2
    • 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 1985
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.88
    •  
  • 7549 Thompson Parkway Abilene, TX 3
    • 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1997
    property image
    LEASED 08/20/20
    • 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
    property image
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.91
    •  
PROPERTY LISTING DETAILS
Terri Collum
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 #: 14497018
Last Updated: 02/10/2021
BESbswy