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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.

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!!!

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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
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,174

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
Term
4.25%
Interest
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
  • 4602 Seals Lane Abilene, TX 4
    • 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 2020
    property image
    • 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
    property image
    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
    property image
    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
    property image
    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
    property image
    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
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