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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $155.88
- 6 Days on Market
- MLS # : 14479520
- Updated Date : 12/01/2020 at 15:47
CONSTRUCTION
- Beds : 4
- Floor Size : 3,207 sqft
- Baths : 2 full , 2 half
Listing Agent
Legacy Realty Group
Listing Agent's Description
NEW JOHN HOUSTON CUSTOM HOME IN SPRNGSIDE ESTATES ACRE+ COMMUNITY. This fabulous family home has a stunning elevation, side entry garage with 3rd bay, covered patio, game room and study downstairs and a media room and powder bath up. It features gas, wood floors, custom cabinets, upgraded counter tops, tile work and trims. READY IN APRIL.
SEE MORE
- 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)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
PRICE & RENT TRENDS
Zip Code: 75165
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75165
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,250 |
| EXPENSES | Loan Payment | -$1,844 |
| Property Tax | -$1,085 | |
| Property Insurance | -$213 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,032
|
||
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.
$499,895
PROJECTED PRICE
$2,250
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$134,472
LOAN DETAILS
$1,844
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $124,974 |
| Loan Amount | $374,921 |
-0.17
YEARS SAVED
-$52
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,250
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$2,277
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
1761 Salado Trail Waxahachie, TX 3
- 4 beds 4 baths ∙ 3,207 Sqft ∙ Built 2021 4 beds 4 baths ∙ 3,207 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $2,250
- $0.70
-
332 Choctaw Trail Waxahachie, TX 1
- 5 beds 4 baths ∙ 3,182 Sqft ∙ Built 2010 5 beds 4 baths ∙ 3,182 Sqft ∙ Built 2010
LEASED 08/31/20- Rent
- Rent Per SQFT
- $2,200
- $0.69
-
205 Equestrian Drive Waxahachie, TX 2
- 4 beds 3 baths ∙ 3,029 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,029 Sqft ∙ Built 2007
LEASED 08/27/20- Rent
- Rent Per SQFT
- $2,200
- $0.73
PROPERTY LISTING DETAILS
Legacy Realty Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14479520
Last Updated: 12/01/2020
