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109 Russian Sage Boulevard Waxahachie, TX 75165

4 Beds 3 Baths 2,162 sqft Built 2021

$284,355

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2021
  • Price/Sqft : $131.52
  • 2 Days on Market
  • MLS # : 14467411
  • Updated Date : 11/07/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,162 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

Welcome to Blue Bonnet Trails in Waxahachie, TX, conveniently located near 287 and I35. The Chandler floor plan by Lillian Custom Homes features 4 Bedrooms, 3 Full Bathrooms, Reading Nook or Study & 2 Car Garage. Beautiful brick & stone elevation w 20 ft covered back patio. Pick your colors! Open concept kitchen w island overlooks the casual dining & living room w corner fireplace. Spacious master bedroom, over-sized walk-in closet, & bath suite with large tiled shower is yours to relax in. 2nd bedroom & full bath down, 2 beds, full bath & reading nook up. Fully landscaped w sod, gutters & sprinklers. Smart Home Features & Foam Insulation! Each home is Energy Efficient. Ask about our Hometown Heroes program.

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
Clift Elementary School Primary Regular 462 31 5
Howard Junior High School Middle Regular 857 62 6
Waxahachie High School High Regular 1,985 138 4

Clift Elementary School

  • Education Level: Primary
  • # of students: 462
  • # of teachers: 31
5
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
 

$255,920$312,791$284,355

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,049
Property Tax -$617
Property Insurance -$152
HOA -$23
Property Management Fees -$99
CASH FLOW
$210

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$284,355

PROJECTED PRICE

$2,150

PROJECTED RENT

0.76%

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) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,354

INVESTMENT

$77,354

Down Payment
$71,089
Rehab Estimate
$2,000
Closing Costs
$4,265

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,049

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,089
Loan Amount $213,266
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$39,175

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,119

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,9503$2,0504$2,1505$2,395
$2,395
RENT COMPS ANALYSIS
  • 109 Russian Sage Boulevard Waxahachie, TX 4
    • 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.99
    •  
  • 115 Rain Cloud Drive Waxahachie, TX 1
    • 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 2017
    property image
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.94
    •  
  • 109 Atlantic Avenue Waxahachie, TX 2
    • 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2010
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 108 Gentle Winds Road Waxahachie, TX 3
    • 3 beds 2 baths ∙ 1,990 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,990 Sqft ∙ Built 2015
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.03
    •  
  • 109 Broken Arrow Street Waxahachie, TX 5
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2018
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.02
    •  
PROPERTY LISTING DETAILS
Ashlee Mcghee
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467411
Last Updated: 11/07/2020
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