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1196 Sharpshire Court Waxahachie, TX 75165

3 Beds 3 Baths 2,545 sqft Built 1998

$449,999

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $176.82
  • 2 Days on Market
  • MLS # : 14514495
  • Updated Date : 02/06/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,545 sqft
  • Baths : 3 full
Listing Agent

Listwithfreedom.com

Listing Agent's Description

Must see!! Gorgeous very well maintained custom home on creek situated on 2.5 acres. Mature trees and beautifully landscaped. This property offers complete tranquility and privacy. HVAC and roof 2018. Recently updated! Original owners. No HOA or city taxes.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

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
Shackelford Elementary School Primary Regular 594 36 7
Howard Junior High School Middle Regular 857 62 6
Waxahachie High School High Regular 1,985 138 4

Shackelford Elementary School

  • Education Level: Primary
  • # of students: 594
  • # of teachers: 36
7
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
 

$404,999$494,999$449,999

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,563
Property Tax -$752
Property Insurance -$174
Property Management Fees -$99
CASH FLOW
-$548

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.

$449,999

PROJECTED PRICE

$2,040

PROJECTED RENT

0.45%

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-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,499
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$170

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,049

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$1,8504$1,9955$2,040
$2,040
RENT COMPS ANALYSIS
  • 1196 Sharpshire Court Waxahachie, TX 5
    • 3 beds 3 baths ∙ 2,545 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,545 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.80
    •  
  • 220 Country Meadows Boulevard Waxahachie, TX 1
    • 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 2008
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.75
    •  
  • 1581 Wildflower Drive Waxahachie, TX 2
    • 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 2002
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.76
    •  
  • 1575 Wildflower Drive Waxahachie, TX 3
    • 3 beds 3 baths ∙ 2,205 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,205 Sqft ∙ Built 2002
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.84
    •  
  • 1642 Hillside Drive Waxahachie, TX 4
    • 3 beds 3 baths ∙ 2,292 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,292 Sqft ∙ Built 2006
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.87
    •  
PROPERTY LISTING DETAILS
Salvador Caballero
Listwithfreedom.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514495
Last Updated: 02/06/2021
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