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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $123.28
- 2 Days on Market
- MLS # : 14519329
- Updated Date : 02/20/2021 at 23:24
CONSTRUCTION
- Beds : 3
- Floor Size : 3,123 sqft
- Baths : 3 full , 1 half
Listing Agent
Remax Of Abilene
Listing Agent's Description
Beautiful brick home, desirable Champions neighborhood. Located on a corner lot, mature trees & landscape. Cul-de-sac street in Wylie ISD (West). Master suite plus two additional bedrooms & full bath on first floor. Grand living room with fireplace, gas starter. Formal dining, breakfast room, half bath, utility, & wonderful kitchen complete the downstairs. Second floor offers a spacious room with two closets adjacent to a versatile room with full bath & walk in closet. Enclosed patio is a wonderful sun room great for plants and pets. Outdoor pergola provides a perfect space for hot tub or patio table. Separated yard offers a nice storage building. Two car rear entry garage. Gutters. Irrigation.
SEE MORE
- 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
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 | $2,200 |
| EXPENSES | Loan Payment | -$1,337 |
| Property Tax | -$829 | |
| Property Insurance | -$205 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$270
|
||
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.
$385,000
PROJECTED PRICE
$2,200
PROJECTED RENT
0.57%
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
$107,775
LOAN DETAILS
$1,337
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $96,250 |
| Loan Amount | $288,750 |
0.25
YEARS SAVED
$107
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$2,311
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
6358 Dominion Court Abilene, TX 1
- 3 beds 4 baths ∙ 3,123 Sqft ∙ Built 1994 3 beds 4 baths ∙ 3,123 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $2,200
- $0.70
-
55 Pebble Beach Street Abilene, TX 2
- 4 beds 5 baths ∙ 3,114 Sqft ∙ Built 1990 4 beds 5 baths ∙ 3,114 Sqft ∙ Built 1990
LEASED 05/27/20- Rent
- Rent Per SQFT
- $2,300
- $0.74
PROPERTY LISTING DETAILS
Remax Of Abilene
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519329
Last Updated: 02/20/2021
