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112 Rain Cloud Drive Waxahachie, TX 75165

3 Beds 3 Baths 2,242 sqft Built 2017

$316,200

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $141.03
  • 5 Days on Market
  • MLS # : 14490774
  • Updated Date : 12/30/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,242 sqft
  • Baths : 2 full , 1 half
Listing Agent

Greatwood Realty

Listing Agent's Description

Located in the highly sought after Buffalo Ridge This home is Nestled in the heart of the neighborhood Upon arrival the beautiful curb appeal will greet you into the oversized entry way that showcases a modern grey stone tile This one owner home features 3 bedrooms 2.5 bathrooms with a study featuring classy French doors plus a flex space upstairs with the half bath This open concept split bedroom home has great entertaining features Kitchen offers quartz countertops & stainless appliances master suite features his & her sinks & walk in closet The location is perfect with easy access to Hwy-287 the sports complex & movie theater as well as the high rated Felty elementary Hurry this one won't last!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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
 

$284,580$347,820$316,200

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,167
Property Tax -$528
Property Insurance -$157
HOA -$25
Property Management Fees -$99
CASH FLOW
$124

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.

$316,200

PROJECTED PRICE

$2,100

PROJECTED RENT

0.66%

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-$2.0k$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,543

INVESTMENT

$89,543

Down Payment
$79,050
Rehab Estimate
$5,750
Closing Costs
$4,743

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,167

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,050
Loan Amount $237,150
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$30,709

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,147

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1003$2,1504$2,2005$2,395
$2,395
RENT COMPS ANALYSIS
  • 112 Rain Cloud Drive Waxahachie, TX 2
    • 3 beds 3 baths ∙ 2,242 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,242 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.94
    •  
  • 109 Atlantic Avenue Waxahachie, TX 1
    • 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2010
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 101 Horseshoe Bend Waxahachie, TX 3
    • 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
    •  
  • 208 Ghost Rider Road Waxahachie, TX 4
    • 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 2012
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.99
    •  
  • 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
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.02
    •  
PROPERTY LISTING DETAILS
Brooke Tucker
Greatwood Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490774
Last Updated: 12/30/2020
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