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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $134.16
- 3 Days on Market
- MLS # : 14478997
- Updated Date : 12/04/2020 at 13:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,900 sqft
- Baths : 2 full
Listing Agent
Re/max Of Abilene
Listing Agent's Description
SOUTHLAKE BEAUTY - RELAXING BACKYARD PARADISE - this beautiful home offers open living area with beautiful, brick corner fireplace, spacious kitchen with new lighting & walk in pantry. The amazing oversized master suite offers lovely onsuite bath with spacious wrap-around master closet. The newly improved backyard offers new 20x30 concrete entertaining space with pergola with outdoor lighting features. Also added lovely landscaping with added flower bed. The storage building will be removed unless buyer wants to purchase separately. Sprinkler system in front & back yards, freshly painted exterior. Large utility room has been updated with new cabinetry. Close to Wylie schools. Don't miss this lovely home.
SEE MORE
- 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)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
PRICE & RENT TRENDS
Zip Code: 79602
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 79602
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$940 |
| Property Tax | -$549 | |
| Property Insurance | -$136 | |
| HOA | -$10 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$86
|
||
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.
$254,900
PROJECTED PRICE
$1,820
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 4.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.90% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$73,299
LOAN DETAILS
$940
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $63,725 |
| Loan Amount | $191,175 |
3.25
YEARS SAVED
$7,937
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,843
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
7065 Mcleod Drive Abilene, TX 4
- 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $1,820
- $0.96
-
349 Whiterock Drive Abilene, TX 1
- 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 2015
LEASED 10/08/20- Rent
- Rent Per SQFT
- $1,695
- $0.94
-
7157 Mcleod Drive Abilene, TX 2
- 4 beds 2 baths ∙ 1,807 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,807 Sqft ∙ Built 2015
LEASED 01/23/20- Rent
- Rent Per SQFT
- $1,795
- $0.99
-
7049 Mcleod Drive Abilene, TX 3
- 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 2015
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,795
- $0.98
-
7225 Raven Court Abilene, TX 5
- 3 beds 2 baths ∙ 1,947 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,947 Sqft ∙ Built 2016
LEASED 01/09/20- Rent
- Rent Per SQFT
- $1,895
- $0.97
PROPERTY LISTING DETAILS
Re/max Of Abilene
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14478997
Last Updated: 12/04/2020
