Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7431 First Texas Trail Abilene, TX 79602

3 Beds 2 Baths 1,661 sqft Built 2021

$235,862

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $142.00
  • 2 Days on Market
  • MLS # : 14514337
  • Updated Date : 02/05/2021 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,661 sqft
  • Baths : 2 full
Listing Agent

Remax Of Abilene

Listing Agent's Description

Under construction by Donahue Signature Homes. Completion date Mid June. Can pick out all your finishing touches if buy soon. Open 3 bedroom floor plan. Big picture window in front bedroom. Den , dining and kitchen all open with solid windows across the back of the house. Electric fireplace with shiplap wall behind it. Open island kitchen with eat on bar. White cabinets , farm sink, stainless steel appliances and granite Master has sliding doors into bathroom. Oversized standing tub, separate glass and tiled shower. Big walk in closets. His and her sinks. Covered patio. Price includes sprinkler system, fence and sod. These homes sell fast. Hurry and on this one finish it your way.

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
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
 

$212,276$259,448$235,862

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$819
Property Tax -$508
Property Insurance -$122
Property Management Fees -$99
CASH FLOW
$192

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.

$235,862

PROJECTED PRICE

$1,740

PROJECTED RENT

0.74%

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$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$64,503

INVESTMENT

$64,503

Down Payment
$58,966
Rehab Estimate
$2,000
Closing Costs
$3,538

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$819

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,966
Loan Amount $176,897
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$13,902

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,755

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,7953$1,7954$1,875
$1,875
RENT COMPS ANALYSIS
  • 7431 First Texas Trail Abilene, TX 1
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.05
    •  
  • 217 Tweetie Pie Lane Abilene, TX 2
    • 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2005
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.97
    •  
  • 262 Bella Way Abilene, TX 3
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2020
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.10
    •  
  • 129 Carriage Hills Parkway Abilene, TX 4
    • 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 2019
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.10
    •  
PROPERTY LISTING DETAILS
Rhonda Hatchett
Remax Of Abilene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514337
Last Updated: 02/05/2021
BESbswy