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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $145.91
- 2 Days on Market
- MLS # : 14475578
- Updated Date : 11/21/2020 at 19:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,710 sqft
- Baths : 2 full
Listing Agent
All City Real Estate, Ltd Co
Listing Agent's Description
Home has been updated and is move in ready sitting on approximately three qtr acre. Porcelain tiles with wood texture in all areas excluding bedrooms with carpet. Spacious kitchen overlooks the large family room with wood burning fireplace. Workshop out back has a electricity. Sit on the large back patio and watch kids and dogs play or just enjoy the quietness. Master bdrm has two closets. Front drive has lots of extra concrete for the kids to play basketball or ride their bikes. Location is easy quick access to shopping or highway access. This one will not last long, schedule your private showing today. The updates are numerous, too many to list here.
SEE MORE
- 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
Neighborhood: Hillview
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hillview
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$921 |
| Property Tax | -$417 | |
| Property Insurance | -$126 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$78
|
||
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.
$249,500
PROJECTED PRICE
$1,640
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$71,868
LOAN DETAILS
$921
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,375 |
| Loan Amount | $187,125 |
6.5
YEARS SAVED
$22,309
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,682
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
128 Becky Lane Waxahachie, TX 2
- 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1982
- Rent
- Rent Per SQFT
- $1,640
- $0.96
-
3005 Huntington Court Waxahachie, TX 1
- 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1999
LEASED 07/16/19- Rent
- Rent Per SQFT
- $1,550
- $1.01
-
1203 Azalea Lane Waxahachie, TX 3
- 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1995
LEASED 11/17/20- Rent
- Rent Per SQFT
- $1,700
- $0.96
-
318 Janis Lane Waxahachie, TX 4
- 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1993
LEASED 07/29/20- Rent
- Rent Per SQFT
- $1,800
- $0.98
PROPERTY LISTING DETAILS
All City Real Estate, Ltd Co
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14475578
Last Updated: 11/21/2020
