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7425 First Texas Trail Abilene, TX 79602

3 Beds 2 Baths 1,763 sqft Built 2021

$248,600

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $141.01
  • 2 Days on Market
  • MLS # : 14514479
  • Updated Date : 02/06/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,763 sqft
  • Baths : 2 full
Listing Agent

Acr-ann Carr Realtors

Listing Agent's Description

From its impeccable finish-out & smart layout to its host of modern amenities, Donahue Custom Home's every detail was chosen with both beauty and function in mind. Perfect for entertaining the kitchen, dining room, & living room blend together into one large entertaining space. The expansive wood beams in the great room add character & the exposed windows bring natural light into the living space. The kitchen features white custom cabinets, granite counters, large island, pantry, & stainless steel appliances, The luxurious owner's retreat is the ultimate sanctuary complete with wood beams & plenty of natural lighting. The suites bathroom features double vanities, freestanding tub, & walk in tiled shower.

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

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
Jackson Elementary School Primary Regular 547 29 6
Madison Middle School Middle Regular 900 62 4
Cooper High School High Regular 1,806 135 4

Jackson Elementary School

  • Education Level: Primary
  • # of students: 547
  • # of teachers: 29
6
GreatSchools Rating

Madison Middle School

  • Education Level: Middle
  • # of students: 900
  • # of teachers: 62
4
GreatSchools Rating

Cooper High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 135
4
GreatSchools Rating
 

$223,740$273,460$248,600

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$863
Property Tax -$535
Property Insurance -$128
HOA -$21
Property Management Fees -$99
CASH FLOW
$154

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.

$248,600

PROJECTED PRICE

$1,800

PROJECTED RENT

0.72%

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$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,879

INVESTMENT

$67,879

Down Payment
$62,150
Rehab Estimate
$2,000
Closing Costs
$3,729

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$863

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,150
Loan Amount $186,450
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$10,159

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,851

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,699
1$1,6992$1,8003$1,8004$1,8755$1,895
$1,895
RENT COMPS ANALYSIS
  • 7425 First Texas Trail Abilene, TX 3
    • 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.02
    •  
  • 302 Marti's Way Abilene, TX 1
    • 4 beds 2 baths ∙ 1,575 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,575 Sqft ∙ Built 2020
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $1.08
    •  
  • 7314 Connor Road Abilene, TX 2
    • 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 2018
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.03
    •  
  • 309 Mill Creek Drive Abilene, TX 4
    • 4 beds 2 baths ∙ 1,811 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,811 Sqft ∙ Built 2017
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.04
    •  
  • 310 Mill Creek Drive Abilene, TX 5
    • 4 beds 2 baths ∙ 1,805 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,805 Sqft ∙ Built 2015
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.05
    •  
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 #: 14514479
Last Updated: 02/06/2021
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