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6866 Jennings Drive Abilene, TX 79606

3 Beds 2 Baths 1,273 sqft Built 2019

$179,900

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $141.32
  • 5 Days on Market
  • MLS # : 14495011
  • Updated Date : 01/06/2021 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,273 sqft
  • Baths : 2 full
Listing Agent

Remax Of Abilene

Listing Agent's Description

Come see this super cute and cozy home right around the corner from Dyess AFB tucked away in Hampton Hills subdivision, right behind Dyess Elementary School! this home was built in 2019 and has a transferable structural warranty. It is a 3 bed, 2 bath home with gorgeous laminate flooring in the main areas and carpet in the bedrooms. It is positioned on a corner lot and has a very large backyard! It has sold in the front and back with a sprinkler system! This one won't last long!

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

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
 

$161,910$197,890$179,900

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$625
Property Tax -$387
Property Insurance -$100
Property Management Fees -$99
CASH FLOW
$159

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.

$179,900

PROJECTED PRICE

$1,370

PROJECTED RENT

0.76%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,424

INVESTMENT

$53,424

Down Payment
$44,975
Rehab Estimate
$5,750
Closing Costs
$2,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $44,975
Loan Amount $134,925
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$10,747

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,365

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,370
1$1,3702$1,3953$1,3954$1,6955$1,799
$1,799
RENT COMPS ANALYSIS
  • 6866 Jennings Drive Abilene, TX 1
    • 3 beds 2 baths ∙ 1,273 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,273 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $1.08
    •  
  • 6617 Hampton Hills Street Abilene, TX 2
    • 3 beds 2 baths ∙ 1,235 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,235 Sqft ∙ Built 2001
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.13
    •  
  • 6610 Inverness Street Abilene, TX 3
    • 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 2002
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.97
    •  
  • 6634 Sutherland Street Abilene, TX 4
    • 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2007
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.06
    •  
  • 3009 Oakley Abilene, TX 5
    • 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 2017
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.13
    •  
PROPERTY LISTING DETAILS
Brandi Smith
Remax Of Abilene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495011
Last Updated: 01/06/2021
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