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137 Country Drive Waxahachie, TX 75165

3 Beds 2 Baths 1,506 sqft Built 1985

$249,990

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $166.00
  • 3 Days on Market
  • MLS # : 14481104
  • Updated Date : 12/05/2020 at 21:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,506 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

This charming, one-of-a-kind, one-story home with acreage in the heart of Waxahachie is ready to be yours! Step into a bright, open-concept floor plan that offers amazing natural light and a split bedroom floor plan with a private master and multiple bay window sitting areas. Cozy up in the family room that features Laminet flooring and a wood burning fireplace. The kitchen is a chef's dream and includes granite counters, a gas cooktop, and a sizeable island with a built in wine rack that's perfect for prepping meals and entertaining guests. The garage is attached to the house with a great breezeway for lounging or outdoor entertainment. The backyard has an abundance of space and a workshop with electricity.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

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
 

$224,991$274,989$249,990

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$922
Property Tax -$543
Property Insurance -$114
Property Management Fees -$99
CASH FLOW
-$208

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.

$249,990

PROJECTED PRICE

$1,470

PROJECTED RENT

0.59%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,997

INVESTMENT

$71,997

Down Payment
$62,498
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,498
Loan Amount $187,493
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,670

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,461

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4703$1,5954$1,6955$1,795
$1,795
RENT COMPS ANALYSIS
  • 137 Country Drive Waxahachie, TX 2
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.98
    •  
  • 203 Sandy Lane Waxahachie, TX 1
    • 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 1975
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.92
    •  
  • 205 Iroquois Lane Waxahachie, TX 3
    • 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 1978
    LEASED 10/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.97
    •  
  • 912 Creekview Drive Waxahachie, TX 4
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2003
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.02
    •  
  • 119 Tranquillity Lane Waxahachie, TX 5
    • 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2005
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.97
    •  
PROPERTY LISTING DETAILS
Ann Allen
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481104
Last Updated: 12/05/2020
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