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53 Tamarisk Circle Abilene, TX 79606

3 Beds 2 Baths 2,253 sqft Built 1990

INVESTimate

$285,000

List Price

$1,820

$1,638 - $2,002

Rent Est.

$81,275

Investment Est.

$292,268 ( +2.55%) 1 YR EST. FORECAST

AVAILABLE

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AVAILABLE

1 YEAR
Gross Yield	7.66%
NOI	$8,129

15 YEAR
Yield	0.74%
Appreciation	2.52%
TOTAL RETURN	9.85%

PROPERTY INFO

August 24, 2020 RECENTLY ADDED

FACTS

Built In 1990
Price/Sqft : $126.50
3 Days on Market
MLS # : 14419794
Updated Date : 08/25/2020 at 02:00

CONSTRUCTION

Beds : 3
Floor Size : 2,253 sqft
Baths : 2 full

Listing Agent

Hatchett & Company Real Estate

Listing Agent's Description

Excellent Golf Course view! 3 bedrooms, 2 baths, huge open dining & living with fireplace. Updated dated Island kitchen with granite breakfast bar, 3 ovens, gas range. Sun room with wet bar and cook-top grill. Kitchen, bathrooms & utility all renovated a few years back. Golf cart garage. HVAC installed in 2014, updated windows except sun room, newer gas water heater.

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52 Tamarisk Cir

Abilene, Texas

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MARKET HIGHLIGHTS

Dallas Market Report

. 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)

Neighborhood: Fairway Oaks

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

Neighborhood: Fairway Oaks

* 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

GreatSchools Rating

Wylie Junior High School

Education Level: Middle
# of students: 625
# of teachers: 37

GreatSchools Rating

Wylie High School

Education Level: High
# of students: 1,026
# of teachers: 67

GreatSchools Rating

FINANCIALS

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$256,500$313,50000$285,000

PURCHASE PRICE

$1,638$2,00200$1,820

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,820
EXPENSES	Loan Payment	-$1,052
	Property Tax	-$614
	Property Insurance	-$156
	HOA	-$15
	Property Management Fees	-$99



CASH FLOW -$115

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.

$285,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.50%
Appreciation Year (1-5)	2.55%
Maintenance Year (1-5)	8.00%
Vacancy	9.90%
Length of Stay Years	2

TOTAL CASH OUT OF POCKET

INVESTMENT

$81,275

Down Payment	$71,250
Rehab Estimate	$5,750
Closing Costs	$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,052

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$71,250
Loan Amount	$213,750

See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,028

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,820
LIST RENT
$0.81
LIST RENT PER SQFT

$1,915
COMP ESTIMATED VALUE
$0.85
COMP AVG. RENT PER SQFT

Comps Range

$1,695

1$1,6952$1,7953$1,8204$1,8505$2,100

$2,100

RENT COMPS ANALYSIS

2,253
PROPERTY SQFT
$0.85
AVG RENT PER SQFT
$1,915
ESTIMATED VALUE
$1,820
LIST RENT

53 Tamarisk Circle Abilene, TX 4

3 beds 2 baths ∙ 2,253 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,253 Sqft ∙ Built 1990
Price

Price Per SQFT

$285,000

$126.50
5101 Fairfield Place Abilene, TX 1

3 beds 2 baths ∙ 2,183 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,183 Sqft ∙ Built 1999
SOLD 08/14/20
Price

Price Per SQFT

$225,000

$103.07
10 Lost Tree Circle Abilene, TX 2

4 beds 3 baths ∙ 2,202 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,202 Sqft ∙ Built 1989
SOLD 07/13/20
Price

Price Per SQFT

$249,700

$113.40
6410 Bay Hill Drive Abilene, TX 3

3 beds 2 baths ∙ 2,223 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 1987
SOLD 06/29/20
Price

Price Per SQFT

$259,900

$116.91
6434 Inverrary Drive Abilene, TX 5

3 beds 3 baths ∙ 2,251 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,251 Sqft ∙ Built 1987
SOLD 12/12/19
Price

Price Per SQFT

$288,000

$127.94

53 Tamarisk Circle Abilene, TX 3

3 beds 2 baths ∙ 2,253 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,253 Sqft ∙ Built 1990
Rent

Rent Per SQFT

$1,820

$0.81
46 Harbour Town Street Abilene, TX 1

4 beds 4 baths ∙ 2,141 Sqft ∙ Built 1993 4 beds 4 baths ∙ 2,141 Sqft ∙ Built 1993
LEASED 07/20/20
Rent

Rent Per SQFT

$1,695

$0.79
3542 Riomar Court Abilene, TX 2

4 beds 3 baths ∙ 2,089 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,089 Sqft ∙ Built 2005
LEASED 05/06/20
Rent

Rent Per SQFT

$1,795

$0.86
56 Tamarisk Circle Abilene, TX 4

3 beds 3 baths ∙ 2,137 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,137 Sqft ∙ Built 1981
LEASED 07/20/20
Rent

Rent Per SQFT

$1,850

$0.87
2526 Woodlake Drive Abilene, TX 5

3 beds 2 baths ∙ 2,399 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,399 Sqft ∙ Built 1985
LEASED 04/29/20
Rent

Rent Per SQFT

$2,100

$0.88

PROPERTY LISTING DETAILS

Jim Hatchett
Hatchett & Company Real Estate

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419794
Last Updated: 08/25/2020

53 Tamarisk Circle Abilene, TX 79606

INVESTimate

$285,000

$1,820

$81,275

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Wylie Intermediate School

Wylie Junior High School

Wylie High School

FINANCIALS

$256,500$313,50000$285,000

$1,638$2,00200$1,820

Acquisition Concierge

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$285,000

$1,820

0.64%

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,052

0.67

$1,028

$285,000

$126.5

$259,838

$115.33

COMPS RANGE

PRICE COMPS ANALYSIS

$1,820

$0.81

$1,915

$0.85

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS