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4417 Majestic Sky Abilene, TX 79606

4 Beds 4 Baths 2,561 sqft Built 2011

$300,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $117.14
  • 2 Days on Market
  • MLS # : 14489317
  • Updated Date : 12/26/2020 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,561 sqft
  • Baths : 3 full , 1 half
Listing Agent

Tonya Harbin Real Estate

Listing Agent's Description

This Beautiful 4 bedroom 3.5 bathroom home includes an office as a potential 5th bedroom, workout area, or playroom! Towering ceilings throughout the living area lead to a grand skylight in the kitchen that beams natural light. Along with two dining areas there is a breakfast bar ready for gatherings of all kinds! Owners suite has a very spacious walk in closet. Bonus room upstairs could be a game room or a craft area, bring your imagination. The large backyard has a fire pit, play set, covered patio and extra parking spots!

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

Zip Code: 79606

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $78k236k

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

Zip Code: 79606

ZipNIR 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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,107
Property Tax -$646
Property Insurance -$173
Property Management Fees -$99
CASH FLOW
$115

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.

$300,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.8%
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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$10,107

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,343

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,140
1$2,1402$2,2003$2,4954$2,4955$2,495
$2,495
RENT COMPS ANALYSIS
  • 4417 Majestic Sky Abilene, TX 1
    • 4 beds 4 baths ∙ 2,561 Sqft ∙ Built 2011 4 beds 4 baths ∙ 2,561 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.84
    •  
  • 13 Mission Abilene, TX 2
    • 4 beds 2 baths ∙ 2,361 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,361 Sqft ∙ Built 2002
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.93
    •  
  • 4502 High Sierra Abilene, TX 3
    • 5 beds 3 baths ∙ 2,826 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,826 Sqft ∙ Built 2012
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.88
    •  
  • 4418 Majestic Sky Abilene, TX 4
    • 4 beds 3 baths ∙ 2,637 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,637 Sqft ∙ Built 2012
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.95
    •  
  • 4910 Velta Lane Abilene, TX 5
    • 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2015
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.90
    •  
PROPERTY LISTING DETAILS
Tonya Harbin
Tonya Harbin Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14489317
Last Updated: 12/26/2020
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