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110 Traveller Street Waxahachie, TX 75165

3 Beds 2 Baths 2,396 sqft Built 2016

$315,999

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

October 27, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $131.89
  • 8 Days on Market
  • MLS # : 14459990
  • Updated Date : 10/29/2020 at 13:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,396 sqft
  • Baths : 2 full
Listing Agent

6th Ave Homes

Listing Agent's Description

Beautiful home in wonderful and quiet neighborhood. Great layout. 3 beds and 2 baths. The office has a nice size closet and can be used as a fourth bedroom. The garage has extra square footage for a bass boat or extra storage. And the back yard has a wonderful large patio for entertaining! This location provides easy access to I-35 and I-45 which is great for commuters. And only 9 minutes from Ennis! 5 minutes from restaurants and shopping in Waxahachie.....This home is in the city limits but has that rural feel!!

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
 

$284,399$347,599$315,999

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,166
Property Tax -$528
Property Insurance -$166
HOA -$42
Property Management Fees -$99
CASH FLOW
$180

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.

$315,999

PROJECTED PRICE

$2,180

PROJECTED RENT

0.69%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,490

INVESTMENT

$89,490

Down Payment
$79,000
Rehab Estimate
$5,750
Closing Costs
$4,740

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,166

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,000
Loan Amount $236,999
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$36,062

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,390

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,180
1$2,1802$2,1953$2,1954$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 110 Traveller Street Waxahachie, TX 1
    • 3 beds 2 baths ∙ 2,396 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,396 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.91
    •  
  • 113 Manor Lane Waxahachie, TX 2
    • 4 beds 2 baths ∙ 2,262 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,262 Sqft ∙ Built 2016
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.97
    •  
  • 125 Traveller Street Waxahachie, TX 3
    • 4 beds 2 baths ∙ 2,203 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,203 Sqft ∙ Built 2014
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.00
    •  
  • 114 Shetland Street Waxahachie, TX 4
    • 3 beds 2 baths ∙ 2,264 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,264 Sqft ∙ Built 2012
    property image
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.99
    •  
  • 110 Thoroughbred Street Waxahachie, TX 5
    • 4 beds 2 baths ∙ 2,233 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,233 Sqft ∙ Built 2015
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.03
    •  
PROPERTY LISTING DETAILS
Amy Normand
6th Ave Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14459990
Last Updated: 10/29/2020
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