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6633 Dundee Street Abilene, TX 79606

3 Beds 2 Baths 1,744 sqft Built 2005

$227,900

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $130.68
  • 2 Days on Market
  • MLS # : 14536543
  • Updated Date : 03/20/2021 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,744 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Prime location close to Dyess Air Force Base and Dyess Elementary, this is the perfect move-in-ready home. With this split open floor plan, large master bedroom, and large living room this makes the perfect place to call home. This spectacular location could not be more convenient, schedule your showing today to make this yours!

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
Dyess Elementary School Primary Regular 511 30 8
Clack Middle School Middle Regular 818 58 4
Cooper High School High Regular 1,806 135 4

Dyess Elementary School

  • Education Level: Primary
  • # of students: 511
  • # of teachers: 30
8
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
 

$205,110$250,690$227,900

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$792
Property Tax -$491
Property Insurance -$127
Property Management Fees -$99
CASH FLOW
-$28

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.

$227,900

PROJECTED PRICE

$1,480

PROJECTED RENT

0.65%

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$600k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,144

INVESTMENT

$66,144

Down Payment
$56,975
Rehab Estimate
$5,750
Closing Costs
$3,419

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$792

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,975
Loan Amount $170,925
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$1,844

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,509

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,3953$1,3954$1,4805$1,595
$1,595
RENT COMPS ANALYSIS
  • 6633 Dundee Street Abilene, TX 4
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.85
    •  
  • 3025 Sutherland Street Abilene, TX 1
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2005
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.84
    •  
  • 6633 Inverness Street Abilene, TX 2
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2005
    property image
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.84
    •  
  • 6649 Hampton Hills Street Abilene, TX 3
    • 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 2006
    property image
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.90
    •  
  • 6670 Picadilly Street Abilene, TX 5
    • 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 2003
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.88
    •  
PROPERTY LISTING DETAILS
Matthew Armstrong
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536543
Last Updated: 03/20/2021
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