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4933 Many Waters Drive Abilene, TX 79602

3 Beds 2 Baths 1,447 sqft Built 2009

$204,900

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $141.60
  • 2 Days on Market
  • MLS # : 14501148
  • Updated Date : 01/16/2021 at 04:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,447 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

This beautifully remodeled home has fresh paint with new flooring and upgrades galore! The kitchen has been upgraded with Quartz countertops, Marble backsplash, and brand new appliances, fixtures, and lighting. The custom designed master bathroom is unbelievable - quartz counters, dual sinks, his-and-hers closets, and a shower that makes this a must have! Other luxuries include: high ceilings, crown molding, reverse osmosis water purification, gutters, front and back irrigation system, new cedar fence, and new front door with smart lock and keyless entry. Storage shed included. Wylie ISD. Schedule your showing today before this one gets away!

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

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
 

$184,410$225,390$204,900

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$712
Property Tax -$441
Property Insurance -$110
Property Management Fees -$99
CASH FLOW
$128

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.

$204,900

PROJECTED PRICE

$1,490

PROJECTED RENT

0.73%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,049

INVESTMENT

$60,049

Down Payment
$51,225
Rehab Estimate
$5,750
Closing Costs
$3,074

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$712

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,225
Loan Amount $153,675
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$8,663

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,516

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,5003$1,5504$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 4933 Many Waters Drive Abilene, TX 1
    • 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $1.03
    •  
  • 5009 Many Waters Drive Abilene, TX 2
    • 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 2009
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.05
    •  
  • 810 Swift Water Drive Abilene, TX 3
    • 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 2007
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.07
    •  
  • 5125 Spring Creek Road Abilene, TX 4
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2012
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 4933 Spring Creek Road Abilene, TX 5
    • 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
    •  
PROPERTY LISTING DETAILS
Matthew Armstrong
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14501148
Last Updated: 01/16/2021
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