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5657 Abbey Road Abilene, TX 79606

3 Beds 2 Baths 1,552 sqft Built 2016

$229,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $147.55
  • 2 Days on Market
  • MLS # : 14506210
  • Updated Date : 01/30/2021 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,552 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Hs Stovall

Listing Agent's Description

Welcome Home! Beautiful custom built home on cul-de-sac in Butterfield Meadows. This well maintained home features open concept living with 3 bedrooms, 2 baths. Kitchen boasts large island with leathered granite, Whirlpool Gold Series stainless steel appliances, breakfast bar and separate dining area for entertaining. Wood look tile and crown molding throughout the main living areas. Split design features private master with ensuite bath, custom built-in dresser and walk in closet. Additional bedrooms are large with ample sized closets. Covered front entrance and back patio with large fenced yard perfect for enjoying the outdoors and BBQs. Convenient location within minutes of Dyess AFB, shopping & dining.

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: Park Central Area

NeighborhoodNIR Market*CityMarket2010Year2005 Q3201970k80k90k100k110k120k130k140k150k160k170k180k190kPrice in $66k195k

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

Neighborhood: Park Central Area

NeighborhoodNIR Market*CityMarket2015Year20112019 Q2850900950100010501100115012001250Rent in $8171285

* 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
Bassetti Elementary School Primary Regular 602 37 5
Clack Middle School Middle Regular 818 58 4
Cooper High School High Regular 1,806 135 4

Bassetti Elementary School

  • Education Level: Primary
  • # of students: 602
  • # of teachers: 37
5
GreatSchools Rating

Clack Middle School

  • Education Level: Middle
  • # of students: 818
  • # of teachers: 58
4
GreatSchools Rating

Cooper High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 135
4
GreatSchools Rating
 

$206,100$251,900$229,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$795
Property Tax -$493
Property Insurance -$116
Property Management Fees -$99
CASH FLOW
-$3

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.

$229,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 5.7%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,435

INVESTMENT

$66,435

Down Payment
$57,250
Rehab Estimate
$5,750
Closing Costs
$3,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$795

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,250
Loan Amount $171,750
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$2,594

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,533

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5954$1,6955$1,795
$1,795
RENT COMPS ANALYSIS
  • 5657 Abbey Road Abilene, TX 2
    • 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.97
    •  
  • 3101 Sutherland Street Abilene, TX 1
    • 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 2005
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.95
    •  
  • 3358 Firedog Road Abilene, TX 3
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2015
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.94
    •  
  • 3410 Firedog Road Abilene, TX 4
    • 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 2015
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.99
    •  
  • 5725 Abbey Road Abilene, TX 5
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2017
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.07
    •  
PROPERTY LISTING DETAILS
Bobbi Mcgirr
Berkshire Hathaway Hs Stovall
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14506210
Last Updated: 01/30/2021
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