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1481 E Highland Road Waxahachie, TX 75167

4 Beds 4 Baths 2,804 sqft Built 2019

$435,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $155.14
  • 2 Days on Market
  • MLS # : 14502172
  • Updated Date : 01/23/2021 at 20:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,804 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

Enjoy country living without the sacrifice! Stunning Craftsman farmhouse on an acre lot w warm curb appeal. Enjoy wood floors, shiplap, & decorative lighting. The gourmet kitchen features two tone cabinets, shiplap wrapped island w farmhouse sink, pendant lights, decorative tile backsplash, SS appliances, Quartz counters, & overlooks the dining nook & living room. The living room has a shiplap fireplace, tall vaulted ceiling w wooden beams, & Craftsman window trim. Relaxing master suite offers a vaulted ceiling w beams, plus an ensuite luxury bathroom with a deep soaking tub, separate shower, dual vanities, rainfall shower head & subway tile. 3 addl spacious bedrooms, a game room, 2 car garage, & covered porch.

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: 75167

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $116k253k

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

Zip Code: 75167

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10122077

* 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
 

$391,500$478,500$435,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$1,511
Property Tax -$727
Property Insurance -$189
Property Management Fees -$99
CASH FLOW
$34

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.

$435,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.1%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$23,589

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,566

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,560
1$2,5602$2,5953$2,950
$2,950
RENT COMPS ANALYSIS
  • 1481 E Highland Road Waxahachie, TX 1
    • 4 beds 3 baths ∙ 2,804 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,804 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $0.91
    •  
  • 1908 Willow Bend Drive Oak Leaf, TX 2
    • 4 beds 4 baths ∙ 2,938 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,938 Sqft ∙ Built 2004
    property image
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.88
    •  
  • 1320 Billingsley Drive Waxahachie, TX 3
    • 4 beds 3 baths ∙ 3,106 Sqft ∙ Built 2018 4 beds 3 baths ∙ 3,106 Sqft ∙ Built 2018
    property image
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.95
    •  
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 #: 14502172
Last Updated: 01/23/2021
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