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5409 Willow View Road Abilene, TX 79606

4 Beds 2 Baths 2,417 sqft Built 2002

INVESTimate

$265,000

List Price

$2,000

$1,800 - $2,200

Rent Est.

$278,436  ( +5.07%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $109.64
  • 7 Days on Market
  • MLS # : 14417119
  • Updated Date : 08/20/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,417 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

If you need space, this is the perfect home for you! Offering 4 bedrooms downstairs with 2 bathrooms, a large living area with wood flooring and a wood burning fireplace. Unique open floor plan with ample kitchen counters and cupboard space which includes an island, two separate eating areas of which one could be a formal dining, office or play area. Upstairs bonus room has a separate HVAC and attic storage area. Nice concrete edging around landscaped areas, sprinkler system and wonderful shade trees. Wylie schools! Easy to show, schedule your appointment to see this home today!

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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,800$2,200$2,000

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$978
Property Tax -$571
Property Insurance -$165
Property Management Fees -$99
CASH FLOW
$188

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.

$265,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.75%

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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$14,999

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.83

    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$2,0004$2,2955$2,495
$2,495
RENT COMPS ANALYSIS
  • 5409 Willow View Road Abilene, TX 3
    • 4 beds 2 baths ∙ 2,417 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,417 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.83
    •  
  • 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
    •  
  • 6509 Milestone Drive Abilene, TX 4
    • 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
    •  
  • 4418 Majestic Sky Abilene, TX 5
    • 4 beds 3 baths ∙ 2,637 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,637 Sqft ∙ Built 2012
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.95
    •  
PROPERTY LISTING DETAILS
Kathy Sanders
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417119
Last Updated: 08/20/2020
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