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6434 Bay Hill Drive Abilene, TX 79606

4 Beds 3 Baths 2,505 sqft Built 1993

$315,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $125.75
  • 6 Days on Market
  • MLS # : 14486396
  • Updated Date : 12/14/2020 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,505 sqft
  • Baths : 2 full , 1 half
Listing Agent

Remax Of Abilene

Listing Agent's Description

OWNER AGENT...WOW-- BUYERS WILL FALL IN LOVE WITH THIS ONE FOR SURE--NICE UPDATED NEUTRAL COLORS- GLAZED CABINETRY IN THE KITCHEN AND FIREPLACE, TRAVERTINE TILE, GRANITE THROUGHOUT, UPDATED CARPET, FRESH PAINT INSIDE AND OUT AND NEW FANS. LOTS OF ROOM IN THIS 4 BEDROOM HOUSE WITH LARGE ROOMS AND CLOSETS. DOWNSTAIRS MASTER, SECOND LIVING COULD ALSO BE A FORMAL DINING. POSSIBLE LEASE TILL CLOSING...JUST LET ME KNOW WHAT MAKES A SMOOTH MOVE FOR YOUR SITUATION.

SEE MORE

MARKET HIGHLIGHTS

  • # 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

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $78k236k

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

Neighborhood: Far Southside

NeighborhoodNIR Market*CityMarket2015Year20112019 Q2900100011001200130014001500Rent in $8341588

* 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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,162
Property Tax -$678
Property Insurance -$170
Property Management Fees -$99
CASH FLOW
-$69

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.

$315,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,460

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,192

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,040
1$2,0402$2,1003$2,1954$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 6434 Bay Hill Drive Abilene, TX 1
    • 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.81
    •  
  • 47 Tamarisk Circle Abilene, TX 2
    • 3 beds 4 baths ∙ 2,499 Sqft ∙ Built 1980 3 beds 4 baths ∙ 2,499 Sqft ∙ Built 1980
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.84
    •  
  • 4833 Velta Lane Abilene, TX 3
    • 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2013
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.89
    •  
  • 13 Mission Abilene, TX 4
    • 4 beds 2 baths ∙ 2,361 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,361 Sqft ∙ Built 2002
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.93
    •  
  • 3557 La Jolla Abilene, TX 5
    • 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2012
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.84
    •  
PROPERTY LISTING DETAILS
Valarie Kennedy
Remax Of Abilene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14486396
Last Updated: 12/14/2020
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