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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $153.95
- 3 Days on Market
- MLS # : 14477304
- Updated Date : 11/27/2020 at 13:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,948 sqft
- Baths : 2 full
Listing Agent
Legacy Realty Group
Listing Agent's Description
Pride of ownership shows in this One Owner home, located in the sought after neighborhood of Tecumseh Park. Tucked away on a quiet culdesac, this 4 bdrm, 2 bath PLUS office home has everything you have been looking for. Nice open living area with wood floors & fireplace that flows to the recently updated kitchen. This bright & cheery kitchen features white cabinets, Quartz countertops, subway tiled back splash &refrigerator that stays! Split bdrm layout w Large Master retreat with dual sinks, separate shower & soaking tub. Outside is a park like setting w mature trees on just under an Acre, Fully Fenced. Storage shed stays. OUTSIDE CITY LIMITS, relaxed HOA that maintains park area & fishing pond. DON'T MISS!
SEE MORE
- 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
Neighborhood: Tecumseh Park Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tecumseh Park Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,940 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$501 | |
| Property Insurance | -$140 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$94
|
||
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.
$299,900
PROJECTED PRICE
$1,940
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$85,224
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
6.5
YEARS SAVED
$27,043
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,940
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,758
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
142 Tugaloo Circle Waxahachie, TX 4
- 4 beds 2 baths ∙ 1,948 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,948 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $1,940
- $1.00
-
104 Comfort Court Waxahachie, TX 1
- 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2003
LEASED 10/30/19- Rent
- Rent Per SQFT
- $1,550
- $0.88
-
106 Wellington Court Waxahachie, TX 2
- 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
-
318 Janis Lane Waxahachie, TX 3
- 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1993
LEASED 07/29/20- Rent
- Rent Per SQFT
- $1,800
- $0.98
-
710 Adams Street Waxahachie, TX 5
- 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 2008
LEASED 01/02/20- Rent
- Rent Per SQFT
- $1,995
- $0.91
PROPERTY LISTING DETAILS
Legacy Realty Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14477304
Last Updated: 11/27/2020
