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

105 Arborside Drive Waxahachie, TX 75165

4 Beds 3 Baths 2,582 sqft Built 2019

$327,900

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $126.99
  • 6 Days on Market
  • MLS # : 14506934
  • Updated Date : 01/28/2021 at 12:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,582 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Why wait to build when you can live in this immaculate 4 bedroom, 3 bathroom home on an oversized corner lot with no HOA fees! Perfectly designed kitchen offers granite counters, stainless steel appliances, tons of modern cabinetry & a true walk-in pantry. Downstairs primary bedroom is a rewarding escape after a long day with a bathroom that offers dual sinks, oversized shower and a large walk-in closet. Find serenity in the beautifully landscaped backyard featuring a well-designed pergola and extended patio along with a huge yard for play. Located near the Elementary school and minutes to I-287 and35E.

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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$295,110$360,690$327,900

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,139
Property Tax -$548
Property Insurance -$176
Property Management Fees -$99
CASH FLOW
$408

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.

$327,900

PROJECTED PRICE

$2,370

PROJECTED RENT

0.72%

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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,644

INVESTMENT

$92,644

Down Payment
$81,975
Rehab Estimate
$5,750
Closing Costs
$4,919

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,139

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,975
Loan Amount $245,925
See What Happens When You Reinvest Cash Flow

11.08

YEARS SAVED

$54,007

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,369

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,1953$2,3504$2,3705$2,500
$2,500
RENT COMPS ANALYSIS
  • 105 Arborside Drive Waxahachie, TX 4
    • 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.92
    •  
  • 101 Horseshoe Bend Waxahachie, TX 1
    • 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 2007
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.89
    •  
  • 220 Range Road Waxahachie, TX 2
    • 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2012
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.89
    •  
  • 452 Wintergreen Drive Waxahachie, TX 3
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2019
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.96
    •  
  • 462 Harvest Grove Drive Waxahachie, TX 5
    • 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 2018
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.93
    •  
PROPERTY LISTING DETAILS
Wendy Galloway
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14506934
Last Updated: 01/28/2021
BESbswy