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6642 Dundee Street Abilene, TX 79606

3 Beds 2 Baths 1,570 sqft Built 2005

$195,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $124.20
  • 4 Days on Market
  • MLS # : 14470607
  • Updated Date : 11/14/2020 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,570 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

This Beautiful 3 Bedroom 2 Bathroom home is located close to Dyess Air Force base for easy commute. Here you will find a large Master bedroom with a beautiful ceiling. The master bath is equipped with large sit in tub and separate stand up shower with dual sinks and closets. The Split floor plan has 2 nice size bedrooms with walk in closets and a plenty of counter space in the bathroom with shower and bathtub combo. The laundry room placed right off the garage has lots of storage space. The open floorpan has a large living room that is connected to the kitchen separated by breakfast bar. Nice backyard with storage shed.

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: 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
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$719
Property Tax -$420
Property Insurance -$117
Property Management Fees -$99
CASH FLOW
$5

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.

$195,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.70%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$3,190

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,362

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,360
1$1,3602$1,3953$1,3954$1,3955$1,400
$1,400
RENT COMPS ANALYSIS
  • 6642 Dundee Street Abilene, TX 1
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.87
    •  
  • 3025 Sutherland Street Abilene, TX 2
    • 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
    •  
  • 3009 Sutherland Street Abilene, TX 3
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 2005
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.89
    •  
  • 6649 Hampton Hills Street Abilene, TX 4
    • 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
    •  
  • 6609 Hampton Hills Street Abilene, TX 5
    • 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 2004
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.84
    •  
PROPERTY LISTING DETAILS
Geoffrey Leal
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470607
Last Updated: 11/14/2020
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