Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $142.43
- 2 Days on Market
- MLS # : 14496746
- Updated Date : 01/08/2021 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,001 sqft
- Baths : 2 full
Listing Agent
Creekview Realty
Listing Agent's Description
Beautiful 4 bedroom, 2 bath home, with an open floorplan. Light and bright colors and finishes, granite counters, white painted cabinets and subway tile backsplash. Large kitchen island, perfect for entertaining. Newly installed LVP flooring in living room. Built in mudroom with large utility room off of garage and custom lighting throughout. Split floorplan has spacious master with his and her sinks, jetted tub, and walk in closet. Large back yard with LARGE covered patio with room for grilling AND dining. Fully landscaped yard is low maintenance but beautiful with 2 large trees in front. Great price for this family friendly neighborhood and stellar Wylie West schools. Oversized lot and side entry garage.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Far Southside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Far Southside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$990 |
| Property Tax | -$614 | |
| Property Insurance | -$141 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$26
|
||
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
$1,870
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 5.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.90% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$81,275
LOAN DETAILS
$990
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
2.25
YEARS SAVED
$4,237
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,841
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
6325 Honor Roll Court Abilene, TX 4
- 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 2013
- Rent
- Rent Per SQFT
- $1,870
- $0.93
-
5134 Rio Mesa Drive Abilene, TX 1
- 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2004
LEASED 01/24/20- Rent
- Rent Per SQFT
- $1,695
- $0.92
-
5142 Bridle Path Lane Abilene, TX 2
- 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1993
LEASED 05/12/20- Rent
- Rent Per SQFT
- $1,795
- $0.88
-
7002 Randy Avenue Abilene, TX 3
- 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2009
LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,795
- $0.97
-
6326 Milestone Drive Abilene, TX 5
- 3 beds 2 baths ∙ 2,307 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,307 Sqft ∙ Built 2014
LEASED 09/14/20- Rent
- Rent Per SQFT
- $2,095
- $0.91
PROPERTY LISTING DETAILS
Creekview Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14496746
Last Updated: 01/08/2021
