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4918 Crystal Creek 
Abilene, TX
79606
4 Beds 2 Baths 2,417 sqft
Built 2004
INVESTimate
$279,000
List Price
$79,685
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PROPERTY INFO
FACTS
- Built In 2004
- Price/Sqft : $115.43
- 2 Days on Market
- MLS # : 14416028
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,417 sqft
- Baths : 2 full
Listing Agent
Fathom Realty
Listing Agent's Description
Beautifully updated 4 bed 2 bath one-story plus recently carpeted bonus room. Wood-look tile in common areas, stacked-stone fireplace & mantel in huge den. Granite kitchen, ss appliances, subway tile backsplash, recent range, painted cabinetry, pulls & new sink. Edison lighting in breakfast room. Guest bath has recent tub & tile surround, tile floor, toilet, countertop & faucets. Primary bath has recent tile, frameless sliding shower door, tile floor, separate vanities with quartz countertops & double sinks, toilet, whirlpool tub & separate shower. Recent ceiling fans & entry lighting. Front & back columns have been replaced with cedar pillars. Refrigerator, media room equipment & storage shed convey with home.
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
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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,030 |
| EXPENSES | Loan Payment | -$1,029 |
| Property Tax | -$601 | |
| Property Insurance | -$165 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$136
|
||
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.
$279,000
PROJECTED PRICE
$2,030
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 5.07% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.90% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,685
LOAN DETAILS
$1,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,750 |
| Loan Amount | $209,250 |
3.92
YEARS SAVED
$11,392
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,030
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,206
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
4918 Crystal Creek Abilene, TX 3
- 4 beds 2 baths ∙ 2,417 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,417 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $2,030
- $0.84
-
5374 Willow View Road Abilene, TX 1
- 4 beds 2 baths ∙ 2,324 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,324 Sqft ∙ Built 2001
![property image]()
LEASED 09/23/19- Rent
- Rent Per SQFT
- $1,895
- $0.82
-
4509 High Sierra Abilene, TX 2
- 3 beds 4 baths ∙ 2,100 Sqft ∙ Built 2013 3 beds 4 baths ∙ 2,100 Sqft ∙ Built 2013
![property image]()
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,900
- $0.90
-
6326 Milestone Drive Abilene, TX 4
- 3 beds 2 baths ∙ 2,307 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,307 Sqft ∙ Built 2014
![property image]()
LEASED 08/19/20- Rent
- Rent Per SQFT
- $2,195
- $0.95
-
6509 Milestone Drive Abilene, TX 5
- 3 beds 2 baths ∙ 2,349 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,349 Sqft ∙ Built 2015
![property image]()
LEASED 04/15/19- Rent
- Rent Per SQFT
- $2,295
- $0.98
PROPERTY LISTING DETAILS
Fathom Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14416028
Last Updated: 08/25/2020
