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6041 Duchess Avenue Abilene, TX 79606

3 Beds 2 Baths 1,336 sqft Built 1995

$169,900

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $127.17
  • 2 Days on Market
  • MLS # : 14473114
  • Updated Date : 11/21/2020 at 02:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,336 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Nestled among trees is this wonderful brick home featuring 3 bedrooms and 2 bathrooms. A large living room that makes celebrating the holidays easy! You won't bumps elbows in the roomy kitchen while preparing a meal! Updated guest bathroom. All bedrooms are very spacious and plenty of natural light shining through the windows! An en-suite boasting a large vanity with double sinks and plenty of storage! Schedule a private showing soon!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Zip Code: 79606

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $78k236k

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

Zip Code: 79606

ZipNIR Market*CityMarket2015Year20112019 Q285090095010001050110011501200125013001350140014501500Rent in $8341531

* 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
 

$152,910$186,890$169,900

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$627
Property Tax -$366
Property Insurance -$103
Property Management Fees -$99
CASH FLOW
$45

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.

$169,900

PROJECTED PRICE

$1,240

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,774

INVESTMENT

$50,774

Down Payment
$42,475
Rehab Estimate
$5,750
Closing Costs
$2,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$627

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,475
Loan Amount $127,425
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$4,625

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,296

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,240
1$1,2402$1,3003$1,3954$1,4505$1,495
$1,495
RENT COMPS ANALYSIS
  • 6041 Duchess Avenue Abilene, TX 1
    • 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.93
    •  
  • 2310 Brenda Abilene, TX 2
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1976
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.87
    •  
  • 6001 Michael Court Abilene, TX 3
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1983
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.96
    •  
  • 1710 Covey Lane Abilene, TX 4
    • 4 beds 2 baths ∙ 1,445 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,445 Sqft ∙ Built 1981
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.00
    •  
  • 5618 Castle Road Abilene, TX 5
    • 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1978
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.05
    •  
PROPERTY LISTING DETAILS
Amber Kimmel
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473114
Last Updated: 11/21/2020
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