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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $130.67
- 5 Days on Market
- MLS # : 14506579
- Updated Date : 01/27/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,852 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
This fantastic split floor plan features beautiful hardwood floors, crown molding, granite countertops, and stainless steel appliances. This large three bedroom maximizes space with plenty of storage, a beautiful built-in desk, and massive master closet. The master suite features split vanities, jetted tub, and large walk-in shower, and did I mention the HUGE closet? The backyard has a large covered patio perfect for entertaining and a 10x13 Metal Workshop with it's own electric meter. With fresh paint and new carpet this home is move in ready! Schedule your showing today and make this home yours!
SEE MORE
- . 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: 79602
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 79602
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,780 |
| EXPENSES | Loan Payment | -$841 |
| Property Tax | -$521 | |
| Property Insurance | -$133 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$187
|
||
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.
$242,000
PROJECTED PRICE
$1,780
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,880
LOAN DETAILS
$841
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $60,500 |
| Loan Amount | $181,500 |
5.08
YEARS SAVED
$12,659
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,780
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,857
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
4917 Yellowstone Trail Abilene, TX 3
- 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $1,780
- $0.96
-
509 Running Water Trail Abilene, TX 1
- 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 2015
LEASED 04/04/20- Rent
- Rent Per SQFT
- $1,695
- $1.02
-
4717 Spring Creek Road Abilene, TX 2
- 4 beds 2 baths ∙ 1,745 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,745 Sqft ∙ Built 2012
LEASED 12/10/20- Rent
- Rent Per SQFT
- $1,695
- $0.97
-
4725 Big Bend Trail Abilene, TX 4
- 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
-
801 Turkey Run Abilene, TX 5
- 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2006
LEASED 05/28/20- Rent
- Rent Per SQFT
- $1,895
- $1.01
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14506579
Last Updated: 01/27/2021
