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610 Turkey Run Abilene, TX 79602

3 Beds 2 Baths 1,715 sqft Built 2006

$245,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $142.86
  • 2 Days on Market
  • MLS # : 14466402
  • Updated Date : 11/07/2020 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,715 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Location, Location, Location! Come see this beautiful home with a brilliant floor plan and gorgeous curb appeal in the sought after Lone Star Ranch. This 3 bed 2 bath has spacious rooms, Open living arrangement and split bedrooms! This Admirable kitchen boasts quality cabinetry, appliances, granite counters, designer lighting with custom features extending to two dining areas. The Large living room is accented by a captivating Stone fireplace. All the Bedrooms offer fantastic space with lots of natural lighting! Step outside and find an extended covered patio, cozy and private, great for entertaining! New Roof and HVAC. Don't forget about the community pool and sidewalks, perfect for any family! A must see!

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
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$904
Property Tax -$528
Property Insurance -$125
HOA -$30
Property Management Fees -$99
CASH FLOW
$75

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.

$245,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.72%

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-$4.0k-$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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$6,941

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,766

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7603$1,8504$1,8955$1,895
$1,895
RENT COMPS ANALYSIS
  • 610 Turkey Run Abilene, TX 2
    • 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $1.03
    •  
  • 618 Swift Water Drive Abilene, TX 1
    • 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 2010
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.04
    •  
  • 718 Beretta Drive Abilene, TX 3
    • 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2007
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.05
    •  
  • 801 Turkey Run Abilene, TX 4
    • 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2006
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.01
    •  
  • 626 Lone Star Drive Abilene, TX 5
    • 4 beds 2 baths ∙ 1,851 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,851 Sqft ∙ Built 2005
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.02
    •  
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 #: 14466402
Last Updated: 11/07/2020
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