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8317 Ridge 
Abilene, TX
79606
4 Beds 3 Baths 2,210 sqft
Built 2020
INVESTimate
$337,900
List Price
$91,544
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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $152.90
- 2 Days on Market
- MLS # : 14419981
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,210 sqft
- Baths : 3 full
Listing Agent
Berkshire Hathaway Homeservices Stovall, Realtors
Listing Agent's Description
Custom Kyle Paul New Construction - builder has out done himself with this stunning modern 4 bed, 3 bath home- gorgeous finishings & high quality materials thru out! Home has perfect floor plan featuring large windows that bring in tons of natural light. Open concept living room has an electric fireplace, & tall ceilings. Dining room open to gourmet kitchen-massive island, quartz counter tops, tiled back splash, SS GE Profile appliances & a pantry. Master bedroom has ensuite with tub, separate shower, double sinks, & walk in closet with built ins! Split bedroom floor plan-3 additional bedrooms with 1 having a private bath. Custom mud area, foam insulation, sprinkler & large covered patio! Ready for a new owner!
SEE MORE
- . 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: 79606
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 79606
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,940 |
| EXPENSES | Loan Payment | -$1,247 |
| Property Tax | -$728 | |
| Property Insurance | -$142 | |
| HOA | -$10 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$285
|
||
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.
$337,900
PROJECTED PRICE
$1,940
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 4.82% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 9.90% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,544
LOAN DETAILS
$1,247
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $84,475 |
| Loan Amount | $253,425 |
0.25
YEARS SAVED
$86
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,940
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,894
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
8317 Ridge Abilene, TX 4
- 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,940
- $0.97
-
4317 Beall Boulevard Abilene, TX 1
- 3 beds 3 baths ∙ 1,739 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,739 Sqft ∙ Built 2004
LEASED 05/13/20- Rent
- Rent Per SQFT
- $1,550
- $0.89
-
7425 Tuscany Drive Abilene, TX 2
- 4 beds 2 baths ∙ 1,875 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,875 Sqft ∙ Built 2016
LEASED 01/09/20- Rent
- Rent Per SQFT
- $1,795
- $0.96
-
4509 High Sierra Abilene, TX 3
- 3 beds 4 baths ∙ 2,100 Sqft ∙ Built 2013 3 beds 4 baths ∙ 2,100 Sqft ∙ Built 2013
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,900
- $0.90
-
7542 Tuscany Drive Abilene, TX 5
- 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 2017
LEASED 06/11/20- Rent
- Rent Per SQFT
- $1,995
- $1.02
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Stovall, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419981
Last Updated: 08/25/2020
