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7426 Sleepy Hollow Lane Abilene, TX 79602

3 Beds 2 Baths 1,713 sqft Built 2021

$243,246

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $142.00
  • 5 Days on Market
  • MLS # : 14530364
  • Updated Date : 03/10/2021 at 13:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,713 sqft
  • Baths : 2 full
Listing Agent

Sendero Properties, Llc

Listing Agent's Description

This 3 bedroom 2 bath open concept home built by Bro Custom Homes will be sure to please as you are immediately Welcomed in the home by an Iron Front Door. The home will offer granite counter tops and luxury vinyl plank flooring through out the home. Stainless Steel appliances in the kitchen with plenty of room for gathering around the island and dining area. Unwind at the end of your day in the master suite which will have a walk in tiled shower, soaking tub, and dual sinks. This floor plan also offers access to the laundry room from the master closet or from the mud room area. The home will also include irrigation and sod in the front and back yards with a 6' privacy fence Estimated completion is end of April

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
 

$218,921$267,571$243,246

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$845
Property Tax -$524
Property Insurance -$125
HOA -$21
Property Management Fees -$99
CASH FLOW
$137

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.

$243,246

PROJECTED PRICE

$1,750

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

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$66,460

INVESTMENT

$66,460

Down Payment
$60,812
Rehab Estimate
$2,000
Closing Costs
$3,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$845

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,812
Loan Amount $182,435
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$9,087

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,799

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,699
1$1,6992$1,7503$1,8004$1,8755$1,895
$1,895
RENT COMPS ANALYSIS
  • 7426 Sleepy Hollow Lane Abilene, TX 2
    • 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $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
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $1.08
    •  
  • 7314 Connor Road Abilene, TX 3
    • 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 2018
    property image
    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
    property image
    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
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.05
    •  
PROPERTY LISTING DETAILS
Lucy Bishop
Sendero Properties, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14530364
Last Updated: 03/10/2021
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