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131 Althea Drive 
Waxahachie, TX
75165
4 Beds 3 Baths 2,497 sqft
Built 2016
INVESTimate
$279,900
List Price
$79,924
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PROPERTY INFO
FACTS
- Built In 2016
- Price/Sqft : $112.09
- 2 Days on Market
- MLS # : 14420596
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,497 sqft
- Baths : 2 full , 1 half
Listing Agent
Holmquist & Associates Realty
Listing Agent's Description
WOW! Super Spacious Flexible OPEN FLOOR PLAN*STUDY or 4th Bedroom off the Entry*Formal Living & Dining with Beautiful WOOD Like Porcelain Tile Floors would be the perfect spot to entertain your guest or use it as a Second Living Space*HUGE Kitchen with GRANITE Counter tops & tons of Cabinets*Cast Stone Fireplace in the Living Room to Enjoy*Large Private Master Bedroom located at the back of the home with a Luxurious Master Bath*Secondary Split Bedrooms are located on the other side of the home...perfect for the growing family*Bonus Room or Game Room located Upstairs with its own Half Bath & Walk In Closet*Large Backyard with a Covered Patio*Nice Community Pool down the road*PERFECT Location close to Everything!
SEE MORE
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75165
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$607 | |
| Property Insurance | -$172 | |
| HOA | -$35 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$276
|
||
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.
$279,900
PROJECTED PRICE
$1,670
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 9.05% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,924
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,975 |
| Loan Amount | $209,925 |
0.58
YEARS SAVED
$741
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$1,985
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
131 Althea Drive Waxahachie, TX 1
- 4 beds 3 baths ∙ 2,497 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,497 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $1,670
- $0.67
-
220 Country Meadows Boulevard Waxahachie, TX 2
- 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 3
- 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
-
106 Wellington Court Waxahachie, TX 4
- 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 2002
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,800
- $0.84
-
1659 Wildflower Drive Waxahachie, TX 5
- 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 2006
LEASED 04/17/19- Rent
- Rent Per SQFT
- $1,850
- $0.83
PROPERTY LISTING DETAILS
Holmquist & Associates Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420596
Last Updated: 08/25/2020
