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

104 Blue Moon Drive Waxahachie, TX 75165

4 Beds 5 Baths 3,703 sqft Built 2015

$390,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $105.32
  • 3 Days on Market
  • MLS # : 14466855
  • Updated Date : 11/06/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,703 sqft
  • Baths : 4 full , 1 half
Listing Agent

Rendon Realty, Llc

Listing Agent's Description

STUNNING, well-maintained home with a GRAND staircase and lots of curb appeal in Park Place with no HOA! Extra large primary bedroom and split Mother-in-law suite with private FULL bath are both downstairs. 2 additional bedrooms upstairs with 2 FULL baths, and a half bath downstairs for guest. Tile floors throughout 1st floor, and wood-look tile in family room and primary bedroom! Open concept, high ceilings, fans throughout and a gourmet dream kitchen! Second den and bonus, multi-use area upstairs. Upgraded landscaping, fresh paint and flooring in 2019. New roof in 2020. Too many upgrades to mention. Near schools, parks and movie theater. One of a kind gem in a great community!

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: 75165

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $112k243k

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

Zip Code: 75165

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9841734

* 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
Felty Elementary School Primary Regular 521 33 8
Howard Junior High School Middle Regular 857 62 6
Waxahachie High School High Regular 1,985 138 4

Felty Elementary School

  • Education Level: Primary
  • # of students: 521
  • # of teachers: 33
8
GreatSchools Rating

Howard Junior High School

  • Education Level: Middle
  • # of students: 857
  • # of teachers: 62
6
GreatSchools Rating

Waxahachie High School

  • Education Level: High
  • # of students: 1,985
  • # of teachers: 138
4
GreatSchools Rating
 

$351,000$429,000$390,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$1,439
Property Tax -$813
Property Insurance -$241
Property Management Fees -$99
CASH FLOW
$28

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$390,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$23,108

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,444

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$2,245
1$2,2452$2,620
$2,620
RENT COMPS ANALYSIS
  • 104 Blue Moon Drive Waxahachie, TX 2
    • 4 beds 5 baths ∙ 3,703 Sqft ∙ Built 2015 4 beds 5 baths ∙ 3,703 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $0.71
    •  
  • 324 Tumbleweed Trail Waxahachie, TX 1
    • 5 beds 4 baths ∙ 3,427 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,427 Sqft ∙ Built 2015
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.66
    •  
PROPERTY LISTING DETAILS
Patricia Diaz-moreno
Rendon Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466855
Last Updated: 11/06/2020
BESbswy