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170 Hollis Road Waxahachie, TX 75167

4 Beds 2 Baths 1,963 sqft Built 2003

$340,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $173.20
  • 1 Days on Market
  • MLS # : 14532583
  • Updated Date : 03/13/2021 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,963 sqft
  • Baths : 2 full
Listing Agent

Southern Star Realty Group

Listing Agent's Description

BACK ON THE MARKET DUE TO FINANCING FALLING THROUGH. Quiet county living with wide open spaces located outside city limits on 1.3 acres. Master and two secondary bedrooms downstairs with fourth bedroom upstairs. Fourth bedroom could be versatile used as a media room or second living. Kitchen comes with matching hutch that STAYS and eat in breakfast room, separate dining room could also be a home office. Storage Building stays and just painted. Huge backyard ready for swimming pool or outdoor living space. Outside city limits so no city taxes, A BONUS! NO SHOWINGS UNTIL SUNDAY 3-14-21.

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

Neighborhood: Windview Estates

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $102k243k

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

Neighborhood: Windview Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9851752

* 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
Dunaway Elementary School Primary Regular 551 37 7
Finley Junior High School Middle Regular 882 64 5
Waxahachie High School High Regular 1,985 138 4

Dunaway Elementary School

  • Education Level: Primary
  • # of students: 551
  • # of teachers: 37
7
GreatSchools Rating

Finley Junior High School

  • Education Level: Middle
  • # of students: 882
  • # of teachers: 64
5
GreatSchools Rating

Waxahachie High School

  • Education Level: High
  • # of students: 1,985
  • # of teachers: 138
4
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,181
Property Tax -$568
Property Insurance -$141
Property Management Fees -$99
CASH FLOW
-$179

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.

$340,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.53%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$5,317

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,852

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,8103$1,8954$1,895
$1,895
RENT COMPS ANALYSIS
  • 170 Hollis Road Waxahachie, TX 2
    • 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.92
    •  
  • 320 Windmill Court Waxahachie, TX 1
    • 4 beds 2 baths ∙ 1,659 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,659 Sqft ∙ Built 2015
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.95
    •  
  • 300 Windmill Court Waxahachie, TX 3
    • 4 beds 2 baths ∙ 1,984 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,984 Sqft ∙ Built 2014
    property image
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.96
    •  
  • 365 Windmill Court Waxahachie, TX 4
    • 4 beds 2 baths ∙ 2,051 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,051 Sqft ∙ Built 2015
    property image
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.92
    •  
PROPERTY LISTING DETAILS
Tina Askew
Southern Star Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532583
Last Updated: 03/13/2021
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