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6717 Red Yucca Road Abilene, TX 79606

4 Beds 2 Baths 1,800 sqft Built 2021

$275,400

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $153.00
  • 3 Days on Market
  • MLS # : 14513489
  • Updated Date : 02/06/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,800 sqft
  • Baths : 2 full
Listing Agent

Acr-ann Carr Realtors

Listing Agent's Description

Masterful design and modern luxury are embodied in this 4 bedroom 2 bathroom home built by Legend Homes. The open floor plan encompasses generous living space and stylish finishes providing you with the perfect setting for relaxing and entertaining. The chef-inspired kitchen features granite counters, center island and stainless steel appliances. The primary bedroom suite ensures the perfect private space with granite double vanities, walk in shower, and free standing tub. Complete with Wifi thermostat, wifi insulated garage door, luxury vinyl floors and video doorbell. Experience resort-style living with the Elm Creek community pool, splash pad and walking trails. Get inspired by the possibilities.

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

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
 

$247,860$302,940$275,400

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$957
Property Tax -$593
Property Insurance -$130
HOA -$50
Property Management Fees -$99
CASH FLOW
-$88

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$275,400

PROJECTED PRICE

$1,740

PROJECTED RENT

0.63%

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) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,981

INVESTMENT

$74,981

Down Payment
$68,850
Rehab Estimate
$2,000
Closing Costs
$4,131

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$957

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,850
Loan Amount $206,550
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$871

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,724

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,7503$1,7954$1,8005$1,895
$1,895
RENT COMPS ANALYSIS
  • 6717 Red Yucca Road Abilene, TX 1
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2021 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.97
    •  
  • 5041 Crystal Creek Abilene, TX 2
    • 3 beds 2 baths ∙ 1,891 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,891 Sqft ∙ Built 2004
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
  • 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
    •  
  • 5125 Crystal Creek Abilene, TX 4
    • 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 2003
    LEASED 11/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.00
    •  
  • 5325 Springwater Abilene, TX 5
    • 4 beds 3 baths ∙ 2,046 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,046 Sqft ∙ Built 2009
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.93
    •  
PROPERTY LISTING DETAILS
Ann Carr
Acr-ann Carr Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14513489
Last Updated: 02/06/2021
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