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7926 Bonnie Circle Abilene, TX 79606

3 Beds 2 Baths 1,258 sqft Built 1983

$152,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

$46,030

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+5.1%)
1 YR. PROJ. APPRECIATION


Cap Rate	4.3%
Cash Flow	$2,328
Value Increase	$7,998

10 YEAR

Cash On Cash	-0.1%
Total Return	10.7%

PROPERTY INFO

December 03, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 1983
Price/Sqft : $120.83
4 Days on Market
MLS # : 14478897
Updated Date : 12/03/2020 at 16:00

CONSTRUCTION

Beds : 3
Floor Size : 1,258 sqft
Baths : 2 full

Listing Agent

Keller Williams Realty

Listing Agent's Description

Located in a cul-de-sac is this 3 bedroom, 2 bath cozy home! The open floorplan makes entertaining for the holidays easy! Spacious bedrooms and bathrooms with plenty of storage. A second living room has a beautiful floor to ceiling brick fireplace, built-ins and access to the large fenced in backyard. Within walking distance from Wylie Schools. Schedule your private showing soon, this one won't last long!

7926 Bonnie Cir

Abilene, Texas

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MARKET HIGHLIGHTS

Dallas Market Report

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)

Neighborhood: Far Southside

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

Neighborhood: Far Southside

* 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

GreatSchools Rating

Wylie Junior High School

Education Level: Middle
# of students: 625
# of teachers: 37

GreatSchools Rating

Wylie High School

Education Level: High
# of students: 1,026
# of teachers: 67

GreatSchools Rating

FINANCIALS

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$136,800$167,20000$152,000

PURCHASE PRICE

$1,152$1,40800$1,280

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,280
EXPENSES	Loan Payment	-$561
	Property Tax	-$327
	Property Insurance	-$99
	Property Management Fees	-$99




CASH FLOW $194

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.

$152,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.84%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.50%
Appreciation Year (1-5)	5.1%
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

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$46,030

Down Payment	$38,000
Rehab Estimate	$5,750
Closing Costs	$2,280

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$561

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$38,000
Loan Amount	$114,000

See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$15,878

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,280
LIST RENT
$1.02
LIST RENT PER SQFT

$1,280
COMP ESTIMATED VALUE
$1.02
COMP AVG. RENT PER SQFT

Comps Range

$1,125

1$1,1252$1,2253$1,2804$1,2955$1,395

$1,395

RENT COMPS ANALYSIS

1,258
PROPERTY SQFT
$1.02
AVG RENT PER SQFT
$1,280
ESTIMATED VALUE
$1,280
LIST RENT

7926 Bonnie Circle Abilene, TX 2

3 beds 2 baths ∙ 1,258 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,258 Sqft ∙ Built 1983
Price

Price Per SQFT

$152,000

$120.83
7609 Thompson Pkwy Abilene, TX 1

3 beds 2 baths ∙ 1,237 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,237 Sqft ∙ Built 1997
SOLD 09/14/20
Price

Price Per SQFT

$152,000

$122.88
4134 Sera Drive Abilene, TX 3

3 beds 2 baths ∙ 1,293 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,293 Sqft ∙ Built 1987
SOLD 08/05/20
Price

Price Per SQFT

$156,500

$121.04
38 Queen Anns Lace Abilene, TX 4

3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1987
SOLD 07/21/20
Price

Price Per SQFT

$163,500

$118.91
4109 Karen Drive Abilene, TX 5

3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1996
SOLD 06/20/20
Price

Price Per SQFT

$163,900

$122.86

7926 Bonnie Circle Abilene, TX 3

3 beds 2 baths ∙ 1,258 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,258 Sqft ∙ Built 1983
Rent

Rent Per SQFT

$1,280

$1.02
7958 Bonnie Circle Abilene, TX 1

3 beds 2 baths ∙ 1,103 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,103 Sqft ∙ Built 1983
LEASED 05/25/20
Rent

Rent Per SQFT

$1,125

$1.02
14 Verbena Street Abilene, TX 2

3 beds 2 baths ∙ 1,183 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,183 Sqft ∙ Built 1984
LEASED 06/08/20
Rent

Rent Per SQFT

$1,225

$1.04
4502 Marlboro Drive Abilene, TX 4

3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1987
LEASED 09/01/20
Rent

Rent Per SQFT

$1,295

$0.94
4018 Karen Drive Abilene, TX 5

3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1997
LEASED 06/04/20
Rent

Rent Per SQFT

$1,395

$1.07

PROPERTY LISTING DETAILS

Amber Kimmel
Keller Williams Realty

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478897
Last Updated: 12/03/2020

7926 Bonnie Circle Abilene, TX 79606

$152,000

$1,280

$46,030

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Wylie Intermediate School

Wylie Junior High School

Wylie High School

FINANCIALS

$136,800$167,20000$152,000

$1,152$1,40800$1,280

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$152,000

$1,280

0.84%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$561

7.25

$15,878

$152,000

$120.83

$152,750

$121.42

COMPS RANGE

PRICE COMPS ANALYSIS

$1,280

$1.02

$1,280

$1.02

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS