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139 Old Bridge Road Waxahachie, TX 75165

4 Beds 4 Baths 3,068 sqft Built 2021

$529,900

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $172.72
  • 5 Days on Market
  • MLS # : 14494469
  • Updated Date : 01/08/2021 at 10:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,068 sqft
  • Baths : 3 full , 1 half
Listing Agent

Creekview Realty

Listing Agent's Description

Beautiful, WATER-FRONT home on fully stocked pond within prestigious, gated community of The Estates of Garden Valley. You'll love the open floorplan with lots of natural light, specialty ceilings starting with stunning foyer entry, hardwood floors, family area with floor-to-ceiling stone fireplace. Entertain in spacious kitchen with gorgeous cabinets up to ceiling, large sit-in island, quartz countertops. Large master bedroom & bath with HUGE master closet. Too many unique, high-end features in home to list, come look at your new home today!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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
Felty Elementary School Primary Regular 521 33 8
Howard Junior High School Middle Regular 857 62 6
Waxahachie High School High Regular 1,985 138 4

Felty Elementary School

  • Education Level: Primary
  • # of students: 521
  • # of teachers: 33
8
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
 

$476,910$582,890$529,900

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,841
Property Tax -$1,150
Property Insurance -$204
HOA -$38
Property Management Fees -$99
CASH FLOW
-$1,482

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.

$529,900

PROJECTED PRICE

$1,850

PROJECTED RENT

0.35%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,424

INVESTMENT

$142,424

Down Payment
$132,475
Rehab Estimate
$2,000
Closing Costs
$7,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,475
Loan Amount $397,425
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$4,311

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $2,229

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,1453$2,2004$2,200
$2,200
RENT COMPS ANALYSIS
  • 139 Old Bridge Road Waxahachie, TX 1
    • 4 beds 4 baths ∙ 3,068 Sqft ∙ Built 2021 4 beds 4 baths ∙ 3,068 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.60
    •  
  • 215 Atlantic Avenue Waxahachie, TX 2
    • 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2009
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $0.76
    •  
  • 332 Choctaw Trail Waxahachie, TX 3
    • 5 beds 4 baths ∙ 3,182 Sqft ∙ Built 2010 5 beds 4 baths ∙ 3,182 Sqft ∙ Built 2010
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.69
    •  
  • 205 Equestrian Drive Waxahachie, TX 4
    • 4 beds 3 baths ∙ 3,029 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,029 Sqft ∙ Built 2007
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.73
    •  
PROPERTY LISTING DETAILS
John Prell
Creekview Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14494469
Last Updated: 01/08/2021
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