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137 Russian Sage Boulevard Waxahachie, TX 75165

3 Beds 3 Baths 1,865 sqft Built 2021

$265,362

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2021
  • Price/Sqft : $142.29
  • 2 Days on Market
  • MLS # : 14467356
  • Updated Date : 11/07/2020 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,865 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

Welcome to Blue Bonnet Trails in Waxahachie, TX, conveniently located near 287 and I35. The Jade floor plan by Lillian Custom Homes features 3 Bedrooms, 2.5 Bathrooms, Study, & 2 Car Garage w Mud Room Entry. Beautiful brick & stone elevation, upgraded tile & decorative lighting. Open concept kitchen w wraparound island overlooks the casual dining & living room with corner fireplace. Spacious master bedroom, over-sized walk-in closet, & bath suite with large tiled shower is yours to relax in. 2 bedrooms share a Jack & Jill bath. Study could serve as a 4th bedroom or formal dining room. Choose your colors! Smart Home Features & Foam Insulation! Each home is Energy Efficient. Ask about our Hometown Heroes program.

SEE MORE

MARKET HIGHLIGHTS

  • . 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

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
Clift Elementary School Primary Regular 462 31 5
Howard Junior High School Middle Regular 857 62 6
Waxahachie High School High Regular 1,985 138 4

Clift Elementary School

  • Education Level: Primary
  • # of students: 462
  • # of teachers: 31
5
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
 

$238,826$291,898$265,362

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$979
Property Tax -$576
Property Insurance -$135
HOA -$23
Property Management Fees -$99
CASH FLOW
-$92

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$265,362

PROJECTED PRICE

$1,720

PROJECTED RENT

0.65%

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) 3.00%
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$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,321

INVESTMENT

$72,321

Down Payment
$66,341
Rehab Estimate
$2,000
Closing Costs
$3,980

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$979

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,341
Loan Amount $199,022
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$7,410

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,725

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,5993$1,6954$1,7205$1,825
$1,825
RENT COMPS ANALYSIS
  • 137 Russian Sage Boulevard Waxahachie, TX 4
    • 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 2021 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.92
    •  
  • 327 Leisure Lane Waxahachie, TX 1
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 2003
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.89
    •  
  • 125 Bison Meadow Drive Waxahachie, TX 2
    • 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2006
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.91
    •  
  • 120 Bison Meadow Waxahachie, TX 3
    • 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 2007
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.90
    •  
  • 126 Post Oak Drive Waxahachie, TX 5
    • 4 beds 2 baths ∙ 1,833 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,833 Sqft ∙ Built 2002
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.00
    •  
PROPERTY LISTING DETAILS
Ashlee Mcghee
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467356
Last Updated: 11/07/2020
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