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173 Russian Sage Drive Waxahachie, TX 75165

4 Beds 2 Baths 1,858 sqft Built 2021

$279,575

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $150.47
  • 6 Days on Market
  • MLS # : 14494401
  • Updated Date : 01/05/2021 at 10:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,858 sqft
  • Baths : 2 full
Listing Agent

Legacy Realty Group

Listing Agent's Description

NEW JOHN HOUSTON CUSTOM IN THE WAXAHACHIE ISD Covered Patio, Wood floors, Upgrade Tile, carpet and backsplash, Custom Paint Grade Cabinets, Granite counter tops, fireplace, Full sod, sprinkler system, fence READY IN APRIL

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • 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)

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
 

$251,618$307,533$279,575

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$971
Property Tax -$607
Property Insurance -$135
HOA -$23
Property Management Fees -$99
CASH FLOW
$126

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$279,575

PROJECTED PRICE

$1,960

PROJECTED RENT

0.70%

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) 3.00%
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$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,087

INVESTMENT

$76,087

Down Payment
$69,894
Rehab Estimate
$2,000
Closing Costs
$4,194

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$971

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,894
Loan Amount $209,681
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$23,028

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,932

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,699
1$1,6992$1,9603$2,050
$2,050
RENT COMPS ANALYSIS
  • 173 Russian Sage Drive Waxahachie, TX 2
    • 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 2021 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $1.05
    •  
  • 520 Cottonview Drive Waxahachie, TX 1
    • 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2018
    property image
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.98
    •  
  • 219 Arborside Drive Waxahachie, TX 3
    • 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 2018
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.10
    •  
PROPERTY LISTING DETAILS
Leslie Majors
Legacy Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14494401
Last Updated: 01/05/2021
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