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7357 Wildflower Way Abilene, TX 79602

3 Beds 2 Baths 1,500 sqft Built 2021

$199,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
November 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $133.27
  • 7 Days on Market
  • MLS # : 14475913
  • Updated Date : 11/22/2020 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,500 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Agent related to owner. Beautiful new Lantrip's Home in Carriage Hills, walking distance to the new Wylie schools and Kirby Lake. Features include open concept plan, brick, Hardie siding, large covered back porch, and fence. Interior features crown molding and vinyl flooring throughout main areas, carpet in bedrooms, white custom cabinets with soft-close hinges, and granite countertops. Primary suite includes soaking tub, separate walk-in shower, and walk-in closet. Energy efficient 16-SEER TRANE HVAC and programmable thermostat. Landscaping, refrigerator, and blinds can be added to the sales price. Builder will provide $1000 towards closing costs and a StrucSure 2-10 Warranty. Estimated completion- Feb 2021.

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: 79602

ZipNIR Market*CityMarket2010Year2005 Q3201970k80k90k100k110k120k130k140k150k160k170k180kPrice in $66k189k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 79602

ZipNIR Market*CityMarket2015Year20112019 Q28509009501000105011001150120012501300Rent in $8171309

* 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
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$738
Property Tax -$430
Property Insurance -$113
HOA -$21
Property Management Fees -$99
CASH FLOW
$160

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.

$199,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.0%
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

PROJECTED ANNUAL CASH FLOW

11530$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$54,974

INVESTMENT

$54,974

Down Payment
$49,975
Rehab Estimate
$2,000
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$12,885

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,560

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,4954$1,4955$1,560
$1,560
RENT COMPS ANALYSIS
  • 7357 Wildflower Way Abilene, TX 5
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.04
    •  
  • 357 Cotton Candy Road Abilene, TX 1
    • 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 2008
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.00
    •  
  • 325 Sugarberry Avenue Abilene, TX 2
    • 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 2006
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.04
    •  
  • 326 Miss Ellie Lane Abilene, TX 3
    • 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2011
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.05
    •  
  • 258 Cotton Candy Road Abilene, TX 4
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2007
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.07
    •  
PROPERTY LISTING DETAILS
Robbie Johnson
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475913
Last Updated: 11/22/2020
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