Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

140 Waxberry Drive Fate, TX 75189

3 Beds 2 Baths 1,751 sqft Built 2018

$235,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $134.21
  • 2 Days on Market
  • MLS # : 14514530
  • Updated Date : 02/06/2021 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,751 sqft
  • Baths : 2 full
Listing Agent

C21 Fine Homes Judge Fite

Listing Agent's Description

This is the one! Step inside this wonderful 3 bedroom, 2 bath home. Versatile floor plan with spacious flex room could make a great study and or game-room. Open kitchen & family room is perfect for entertaining. Kitchen offers 32 inch cabinets, granite counter-tops, island & tile backsplash. More photos to come..

SEE MORE

MARKET HIGHLIGHTS

  • 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

Zip Code: 75189

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 75189

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8882171

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$816
Property Tax -$401
Property Insurance -$128
HOA -$32
Property Management Fees -$99
CASH FLOW
$253

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$235,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

9.92

YEARS SAVED

$33,424

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,738

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,730
1$1,7302$1,8003$1,8004$1,8505$1,995
$1,995
RENT COMPS ANALYSIS
  • 140 Waxberry Drive Fate, TX 1
    • 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.99
    •  
  • 2130 Slow Stream Drive Royse City, TX 2
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2018
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 104 Waxberry Drive Royse City, TX 3
    • 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2019
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.03
    •  
  • 2525 Sabine Circle Royse City, TX 4
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2016
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
  • 1008 Silver Maple Lane Royse City, TX 5
    • 4 beds 3 baths ∙ 2,097 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,097 Sqft ∙ Built 2020
    LEASED 02/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
PROPERTY LISTING DETAILS
Shane Yarbrough
C21 Fine Homes Judge Fite
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514530
Last Updated: 02/06/2021
BESbswy