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4918 Crystal Creek Abilene, TX 79606

4 Beds 2 Baths 2,417 sqft Built 2004

INVESTimate

$279,000

List Price

$2,030

$1,827 - $2,233

Rent Est.

$293,145  ( +5.07%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
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

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
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

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
$1,895
1$1,8952$1,9003$2,0304$2,1955$2,295
$2,295
RENT COMPS ANALYSIS
  • 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
Mary Garza
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416028
Last Updated: 08/25/2020
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