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8 Vista Ridge Abilene, TX 79606

4 Beds 3 Baths 2,694 sqft Built 2001

INVESTimate

$365,000

List Price

$2,200

$1,980 - $2,420

Rent Est.

$383,506  ( +5.07%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $135.49
  • 5 Days on Market
  • MLS # : 14414831
  • Updated Date : 08/23/2020 at 09:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,694 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Of Abilene

Listing Agent's Description

Quality and beauty meet in this 4 bedroom, 2.5 bath. Large office with built ins and closet, could be a fifth bedroom! Kitchen offers a large pantry, plenty of cabinets, breakfast bar, granite counter-tops. Dining area window overlooks back yard and is flanked by built ins. Open living area, stone fireplace with gas logs. Walk-in closets in all the spare bedrooms. Split bedroom arrangement. Over-sized master suite, master bathroom with dual vanities. Large master closet with built-ins. Custom designed backyard includes grand fireplace, rock seating, hot tub, stadium lighting & tennis court. Side entry garage. Quiet, established neighborhood. Wylie West.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,347
Property Tax -$786
Property Insurance -$181
Property Management Fees -$99
CASH FLOW
-$212

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.

$365,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 5.07%
Maintenance Year (1-5) 8.00%
Vacancy 9.90%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$477

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,254

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,2003$2,2504$2,495
$2,495
RENT COMPS ANALYSIS
  • 8 Vista Ridge Abilene, TX 2
    • 5 beds 3 baths ∙ 2,694 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,694 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 3242 Woodhollow Circle Abilene, TX 1
    • 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 1981
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.79
    •  
  • 3557 La Jolla Abilene, TX 3
    • 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2012
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.84
    •  
  • 4502 High Sierra Abilene, TX 4
    • 5 beds 3 baths ∙ 2,826 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,826 Sqft ∙ Built 2012
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.88
    •  
PROPERTY LISTING DETAILS
Kim Vacca
Re/max Of Abilene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14414831
Last Updated: 08/23/2020
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