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

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.

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!

SEE MORE

MARKET HIGHLIGHTS

  • 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)

PRICE & RENT TRENDS

Neighborhood: Far Southside

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $78k236k

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

Neighborhood: Far Southside

NeighborhoodNIR Market*CityMarket2015Year20112019 Q2900100011001200130014001500Rent in $8341588

* 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
 

$136,800$167,200$152,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

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
11530$0.0$100k$200k$300k$400k$500k

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$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$46,030

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
Term
4.25%
Interest
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
  • 7926 Bonnie Circle Abilene, TX 3
    • 3 beds 2 baths ∙ 1,258 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,258 Sqft ∙ Built 1983
    property image
    • 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
    property image
    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
    property image
    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
    property image
    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
    property image
    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
BESbswy