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4802 Spring Creek Road Abilene, TX 79602

4 Beds 2 Baths 1,768 sqft Built 2012

$232,500

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $131.50
  • 2 Days on Market
  • MLS # : 14481935
  • Updated Date : 12/05/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,768 sqft
  • Baths : 2 full
Listing Agent

Sendero Properties Llc

Listing Agent's Description

Gorgeous 4 bedroom home situated in a highly desired area in Wylie ISD. Fall in love with this spacious home boasting soaring ceilings, accented by dark crown molding and a stunning stone fireplace. Large eat-in kitchen featuring dual ovens, granite counters, tiled backsplash, walk in pantry, and an island for prepping. Stunning Master suite with recessed ceilings and crown molding. Spa-like bath features a garden tub, separate shower, dual vanities and an Amazing wrap around walk in closet! Split floor plan with spacious bedrooms and ample closet space! Stamped concrete floors throughout main area provide for easy maintenance. Separate laundry room. Covered patio is perfect for entertaining. Don't wait!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Zip Code: 79602

ZipNIR Market*CityMarket2010Year2005 Q3201970k80k90k100k110k120k130k140k150k160k170k180kPrice in $66k189k

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

Zip Code: 79602

ZipNIR Market*CityMarket2015Year20112019 Q28509009501000105011001150120012501300Rent in $8171309

* 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
 

$209,250$255,750$232,500

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$858
Property Tax -$501
Property Insurance -$128
Property Management Fees -$99
CASH FLOW
$45

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.

$232,500

PROJECTED PRICE

$1,630

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.0%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,363

INVESTMENT

$67,363

Down Payment
$58,125
Rehab Estimate
$5,750
Closing Costs
$3,488

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$858

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,125
Loan Amount $174,375
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$5,516

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,772

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6303$1,6504$1,6955$1,795
$1,795
RENT COMPS ANALYSIS
  • 4802 Spring Creek Road Abilene, TX 2
    • 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.92
    •  
  • 4902 Spring Creek Road Abilene, TX 1
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 2013
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.99
    •  
  • 4933 Spring Creek Road Abilene, TX 3
    • 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 2011
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.04
    •  
  • 4717 Spring Creek Road Abilene, TX 4
    • 4 beds 2 baths ∙ 1,745 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,745 Sqft ∙ Built 2012
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.97
    •  
  • 4725 Big Bend Trail Abilene, TX 5
    • 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2014
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.01
    •  
PROPERTY LISTING DETAILS
Chelsea Pemberton
Sendero Properties Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481935
Last Updated: 12/05/2020
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