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4533 Crosley Lane Abilene, TX 79606

3 Beds 2 Baths 1,850 sqft Built 2020

INVESTimate

$249,500

List Price

$1,770

$1,593 - $1,947

Rent Est.

$262,150  ( +5.07%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $134.86
  • 6 Days on Market
  • MLS # : 14418659
  • Updated Date : 08/22/2020 at 07:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,850 sqft
  • Baths : 2 full
Listing Agent

Re/max Of Abilene

Listing Agent's Description

ANOTHER BEAUTIFUL KYLE PAUL CONSTRUCTION HOME *THIS HOME BRINGS COUNTRY FARMHOUSE STYLE TO THE CITY*3 BEDROOM*2 BATHROOM*OPEN FLOOR PLAN*LIVING ROOM HAS A WOOD BEAMS ACROSS THE CEILING * KITCHEN FEATURES GRANITE COUNTERTOPS, ISLAND WITH SINK, CORNER WALK IN PANTRY*MUD ROOM OFF KITCHEN*MASTER SUITE HAS DUAL SINKS, SEPARATE SHOWER & GOOD SIZE WALK IN CLOSET*FLOORING CONSIST OF CARPET & LUXURY VINYL PLANKS*EXTERIOR HAS COVERED PORCHES*LANDSCAPE PACKAGE*WOOD PRIVACY FENCE*SOD & SPRINKLER SYSTEM*COMES WITH A KYLE PAUL HOME WARRANTY*ESTIMATED COMPLETION DATE IS THE FIRST OF OCTOBER*DON'T MISS OUT ON YOUR OPPORTUNITY TO CALL THIS YOUR NEW HOME!!!

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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 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
 

$224,550$274,450$249,500

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$921
Property Tax -$537
Property Insurance -$133
Property Management Fees -$99
CASH FLOW
$81

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$249,500

PROJECTED PRICE

$1,770

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 5.07%
Maintenance Year (1-5) 3.00%
Vacancy 9.90%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,118

INVESTMENT

$68,118

Down Payment
$62,375
Rehab Estimate
$2,000
Closing Costs
$3,743

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$921

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,375
Loan Amount $187,125
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$7,687

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,795

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,7704$1,7955$1,895
$1,895
RENT COMPS ANALYSIS
  • 4533 Crosley Lane Abilene, TX 3
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.96
    •  
  • 5125 Crystal Creek Abilene, TX 1
    • 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 2003
    property image
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 5134 Rio Mesa Drive Abilene, TX 2
    • 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2004
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.92
    •  
  • 7002 Randy Avenue Abilene, TX 4
    • 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2009
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.97
    •  
  • 7026 Waterway Lane Abilene, TX 5
    • 4 beds 2 baths ∙ 1,774 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,774 Sqft ∙ Built 2007
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.07
    •  
PROPERTY LISTING DETAILS
Brandi Smith
Re/max Of Abilene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418659
Last Updated: 08/22/2020
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