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1544 Old Quarry Drive Waxahachie, TX 75165

4 Beds 2 Baths 2,020 sqft Built 2018

$235,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $116.34
  • 3 Days on Market
  • MLS # : 14523559
  • Updated Date : 03/05/2021 at 17:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,020 sqft
  • Baths : 2 full
Listing Agent

Re/max Elite

Listing Agent's Description

Highest & best by Sunday at 2pm. Lots of room for backyard entertainment. This home has it along with many more great features. This is a four bedroom home that is in the first phase of the Camden Park subdivision. It’s near Hwy 287 and will allow you to be on your commute in a matter of minutes. As you know, Waxahachie is growing rapidly and this is your chance to close quickly on this beautiful home. The brick home was built by DR Horton in 2018 and is completely move in ready. The large bedrooms are a plus. The master bath and closet are very spacious. Spread out and use the fourth bedroom as an office or exercise space if needed. Located just minutes from all the local grocery stores and restaurants.

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: 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
 

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

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$816
Property Tax -$429
Property Insurance -$144
HOA -$35
Property Management Fees -$99
CASH FLOW
$497

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.

$235,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.86%

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) 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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

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 20% 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

14.17

YEARS SAVED

$53,792

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,980

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,699
1$1,6992$1,7753$1,9994$2,0205$2,100
$2,100
RENT COMPS ANALYSIS
  • 1544 Old Quarry Drive Waxahachie, TX 4
    • 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $1.00
    •  
  • 520 Cottonview Drive Waxahachie, TX 1
    • 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2018
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.98
    •  
  • 126 Bison Meadow Drive Waxahachie, TX 2
    • 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 2005
    LEASED 03/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.02
    •  
  • 526 Cottonview Drive Waxahachie, TX 3
    • 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 2018
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.01
    •  
  • 542 Clearlake Drive Waxahachie, TX 5
    • 4 beds 2 baths ∙ 2,296 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,296 Sqft ∙ Built 2018
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.91
    •  
PROPERTY LISTING DETAILS
Albert Garcia
Re/max Elite
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14523559
Last Updated: 03/05/2021
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