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181 Lady Bird Lane Waxahachie, TX 75165

4 Beds 2 Baths 1,849 sqft Built 2021

$284,900

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $154.08
  • 7 Days on Market
  • MLS # : 14509608
  • Updated Date : 02/03/2021 at 05:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,849 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Brand Spanking New Texas Custom Heritage Custom Home just waiting on you to make it yours!  This open floor plan with four bedrooms is very spacious and leaves plenty of room for the whole family!  Granite countertops, carpet in bedrooms, vinyl flooring in common areas and foam insulation are just a few of the wonderful features the builder has done to make this your dream home!  Come enjoy living in Ellis County, a growing area  that offers many employment, shopping and entertainment options.  This neighborhood is close to the highway for very easy commuting purposes!  Come fall in love with this beauty!

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
Northside Elementary School Primary Regular 502 31 7
Finley Junior High School Middle Regular 882 64 5
Waxahachie High School High Regular 1,985 138 4

Northside Elementary School

  • Education Level: Primary
  • # of students: 502
  • # of teachers: 31
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
 

$256,410$313,390$284,900

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 -$990
Property Tax -$618
Property Insurance -$134
HOA -$23
Property Management Fees -$99
CASH FLOW
-$54

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.

$284,900

PROJECTED PRICE

$1,810

PROJECTED RENT

0.64%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,499

INVESTMENT

$77,499

Down Payment
$71,225
Rehab Estimate
$2,000
Closing Costs
$4,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,225
Loan Amount $213,675
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$8,529

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
  • $0.98

    LIST RENT PER SQFT
  • $1,770

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6953$1,8104$1,8255$1,835
$1,835
RENT COMPS ANALYSIS
  • 181 Lady Bird Lane Waxahachie, TX 3
    • 4 beds 2 baths ∙ 1,849 Sqft ∙ Built 2021 4 beds 2 baths ∙ 1,849 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.98
    •  
  • 327 Leisure Lane Waxahachie, TX 1
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 2003
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.89
    •  
  • 131 Post Oak Drive Waxahachie, TX 2
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2003
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
  • 126 Post Oak Drive Waxahachie, TX 4
    • 4 beds 2 baths ∙ 1,833 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,833 Sqft ∙ Built 2002
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.00
    •  
  • 200 Bluebonnet Lane Waxahachie, TX 5
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2002
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.98
    •  
PROPERTY LISTING DETAILS
Kimberly Rumfield
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509608
Last Updated: 02/03/2021
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