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1737 Vista Way Waxahachie, TX 75165

4 Beds 3 Baths 2,344 sqft Built 2021

$357,990

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $152.73
  • 6 Days on Market
  • MLS # : 14515814
  • Updated Date : 02/09/2021 at 10:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,344 sqft
  • Baths : 3 full
Listing Agent

Legacy Realty Group

Listing Agent's Description

NEW JOHN HOUSTON CUSTOM HOME IN THE ENCLAVE IN WAXAHACHIE ISD. 2 story open concept rear entry floorplan which includes; 3 bedrooms, 2 baths, study on the main floor and 1 bedroom 1 bath and game room on the second floor. Unique features about this home include; white cabinets, 36' cook top, wood wrap kitchen island with upgraded granite, faux stone to mantel fireplace, mud bench in the utility room, brushed nickel fixtures, wood flooring and upgraded tile throughout. READY IN APRIL.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

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
 

$322,191$393,789$357,990

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,243
Property Tax -$777
Property Insurance -$163
HOA -$33
Property Management Fees -$99
CASH FLOW
$65

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.

$357,990

PROJECTED PRICE

$2,380

PROJECTED RENT

0.66%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$96,867

INVESTMENT

$96,867

Down Payment
$89,498
Rehab Estimate
$2,000
Closing Costs
$5,370

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,243

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,498
Loan Amount $268,493
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$20,007

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,297

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,999
1$1,9992$2,0003$2,1954$2,2505$2,380
$2,380
RENT COMPS ANALYSIS
  • 1737 Vista Way Waxahachie, TX 5
    • 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.02
    •  
  • 505 Parkwood Drive Waxahachie, TX 1
    • 4 beds 2 baths ∙ 2,031 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,031 Sqft ∙ Built 2019
    property image
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.98
    •  
  • 112 Thoroughbred Street Waxahachie, TX 2
    • 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 2008
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.98
    •  
  • 118 Stallion Street Waxahachie, TX 3
    • 3 beds 2 baths ∙ 2,264 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,264 Sqft ∙ Built 2014
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.97
    •  
  • 114 Shetland Street Waxahachie, TX 4
    • 3 beds 2 baths ∙ 2,264 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,264 Sqft ∙ Built 2012
    property image
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.99
    •  
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 #: 14515814
Last Updated: 02/09/2021
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