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4602 Seals Lane Abilene, TX 79606

4 Beds 2 Baths 2,060 sqft Built 2020

$279,900

List Price

$2,080

$1.9K - $2.3K

Rent Est.

$76,174

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+5.1%)
1 YR. PROJ. APPRECIATION


Cap Rate	4.4%
Cash Flow	$2,412
Value Increase	$14,292

10 YEAR

Cash On Cash	-1.0%
Total Return	10.7%

PROPERTY INFO

Built 2020 NEW CONSTRUCTION

December 21, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 2020
Price/Sqft : $135.87
7 Days on Market
MLS # : 14489293
Updated Date : 12/21/2020 at 14:47

CONSTRUCTION

Beds : 4
Floor Size : 2,060 sqft
Baths : 2 full

Listing Agent

Remax Of Abilene

Listing Agent's Description

ANOTHER BEAUTIFUL KYLE PAUL CONSTRUCTION HOME *4 BEDROOM*2 BATHROOM*OPEN FLOOR PLAN*LIVING ROOM HAS A VAULTED CEILING * KITCHEN FEATURES GRANITE COUNTERTOPS, ISLAND WITH SINK, CORNER WALK IN PANTRY**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 END OF JANUARY*DON'T MISS OUT ON YOUR OPPORTUNITY TO CALL THIS YOUR NEW HOME!!!

MARKET HIGHLIGHTS

Dallas Market Report

. 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)

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

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

GreatSchools Rating

Wylie Junior High School

Education Level: Middle
# of students: 625
# of teachers: 37

GreatSchools Rating

Wylie High School

Education Level: High
# of students: 1,026
# of teachers: 67

GreatSchools Rating

FINANCIALS

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$251,910$307,89000$279,900

PURCHASE PRICE

$1,872$2,28800$2,080

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$2,080
EXPENSES	Loan Payment	-$1,033
	Property Tax	-$603
	Property Insurance	-$145
	Property Management Fees	-$99




CASH FLOW $201

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.

$279,900

PROJECTED PRICE

$2,080

PROJECTED RENT

0.74%

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)	3.00%
Vacancy	9.90%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$76,174

Down Payment	$69,975
Rehab Estimate	$2,000
Closing Costs	$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$69,975
Loan Amount	$209,925

See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$16,914

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$2,080
LIST RENT
$1.01
LIST RENT PER SQFT

$2,065
COMP ESTIMATED VALUE
$1
COMP AVG. RENT PER SQFT

Comps Range

$1,795

1$1,7952$1,8953$1,9004$2,0805$2,350

$2,350

RENT COMPS ANALYSIS

2,060
PROPERTY SQFT
$1
AVG RENT PER SQFT
$2,065
ESTIMATED VALUE
$2,080
LIST RENT

4602 Seals Lane Abilene, TX 5

4 beds 2 baths ∙ 2,060 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 2020
Price

Price Per SQFT

$279,900

$135.87
3730 Bettes Lane Abilene, TX 1

4 beds 2 baths ∙ 1,932 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 2015
SOLD 11/19/20
Price

Price Per SQFT

$223,900

$115.89
5325 Springwater Abilene, TX 2

4 beds 3 baths ∙ 2,046 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,046 Sqft ∙ Built 2009
SOLD 09/18/20
Price

Price Per SQFT

$249,900

$122.14
4601 Ebbets Drive Abilene, TX 3

4 beds 2 baths ∙ 1,975 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,975 Sqft ∙ Built 2020
SOLD 08/21/20
Price

Price Per SQFT

$263,400

$133.37
3706 Bettes Lane Abilene, TX 4

4 beds 2 baths ∙ 2,071 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,071 Sqft ∙ Built 2016
SOLD 11/19/20
Price

Price Per SQFT

$267,500

$129.16

4602 Seals Lane Abilene, TX 4

4 beds 2 baths ∙ 2,060 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 2020
Rent

Rent Per SQFT

$2,080

$1.01
7002 Randy Avenue Abilene, TX 1

3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2009
LEASED 08/31/20
Rent

Rent Per SQFT

$1,795

$0.97
4041 Esman Court Abilene, TX 2

4 beds 2 baths ∙ 1,980 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 2014
LEASED 12/07/20
Rent

Rent Per SQFT

$1,895

$0.96
3910 Hill Country Drive Abilene, TX 3

4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2012
LEASED 02/04/20
Rent

Rent Per SQFT

$1,900

$1.01
5341 Rio Mesa Drive Abilene, TX 5

4 beds 2 baths ∙ 2,204 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 2013
LEASED 04/01/20
Rent

Rent Per SQFT

$2,350

$1.07

PROPERTY LISTING DETAILS

Brandi Smith
Remax Of Abilene

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14489293
Last Updated: 12/21/2020

4602 Seals Lane Abilene, TX 79606

$279,900

$2,080

$76,174

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Wylie Intermediate School

Wylie Junior High School

Wylie High School

FINANCIALS

$251,910$307,89000$279,900

$1,872$2,28800$2,080

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$279,900

$2,080

0.74%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,033

4.92

$16,914

$279,900

$135.87

$257,788

$125.14

COMPS RANGE

PRICE COMPS ANALYSIS

$2,080

$1.01

$2,065

$1

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS