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810 Big Water Trail Abilene, TX 79602

3 Beds 2 Baths 1,662 sqft Built 2009

$219,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $131.77
  • 6 Days on Market
  • MLS # : 14506100
  • Updated Date : 01/26/2021 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,662 sqft
  • Baths : 2 full
Listing Agent

Abilene Group Premier Real Estate Advisors Llc

Listing Agent's Description

Marvelous updates in this great home located in the Wylie school district. New kitchen countertops, new flooring and, fresh paint await a lucky family. Large living area with a fireplace in the corner. Great for cold winter movie nights. Conveniently located in the Indian Well sub-division. You will be close to all the new school campuses. Call for your private showing today.

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

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 High School High Regular 1,026 67 8
Early Childhood Center Primary Regular 428 25 NA

Wylie Intermediate School

  • Education Level: Primary
  • # of students: 618
  • # of teachers: 34
8
GreatSchools Rating

Wylie High School

  • Education Level: High
  • # of students: 1,026
  • # of teachers: 67
8
GreatSchools Rating

Early Childhood Center

  • Education Level: Primary
  • # of students: 428
  • # of teachers: 25
NA
GreatSchools Rating
 

$197,100$240,900$219,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$761
Property Tax -$472
Property Insurance -$122
Property Management Fees -$99
CASH FLOW
$197

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.

$219,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.75%

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) 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$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$63,785

INVESTMENT

$63,785

Down Payment
$54,750
Rehab Estimate
$5,750
Closing Costs
$3,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,750
Loan Amount $164,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$13,424

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,650

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5953$1,6504$1,6955$1,795
$1,795
RENT COMPS ANALYSIS
  • 810 Big Water Trail Abilene, TX 3
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 4818 Coyote Run Abilene, TX 1
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 2007
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.97
    •  
  • 5166 Coyote Run Abilene, TX 2
    • 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 2013
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.99
    •  
  • 857 Big Water Trail Abilene, TX 4
    • 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 2010
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.02
    •  
  • 858 Big Water Trail Abilene, TX 5
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2009
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.99
    •  
PROPERTY LISTING DETAILS
Phil Hill
Abilene Group Premier Real Estate Advisors Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14506100
Last Updated: 01/26/2021
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