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186 Sapphire Lane Waxahachie, TX 75165

4 Beds 2 Baths 2,265 sqft Built 2020

$371,832

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $164.16
  • 2 Days on Market
  • MLS # : 14481618
  • Updated Date : 12/04/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,265 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

Brand new Lillian Custom Homes Jasmine floor plan features Brick & Stone elevation, 4 Bedrooms, 2 Bathrooms, Study, Formal Dining, & 3 Car Garage on a large corner lot! Enjoy open concept living in the kitchen w island, white granite counters, white Shaker style cabinets, upgraded lighting, stainless steel appliances & spacious pantry. Arches, vaults, & art niches add architectural character. Living room features upgraded fireplace w decorative mantle & elegant groin vault ceiling. Upgraded tile flooring in Living, Dining & Study. Master has a large en-suite bath with a corner garden tub, separate vanities, & walk-in shower. Each Lillian Custom Home is Energy Efficient. Ask about our Hometown Heroes program!

SEE MORE

MARKET HIGHLIGHTS

  • 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

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
Felty Elementary School Primary Regular 521 33 8
Howard Junior High School Middle Regular 857 62 6
Waxahachie High School High Regular 1,985 138 4

Felty Elementary School

  • Education Level: Primary
  • # of students: 521
  • # of teachers: 33
8
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
 

$334,649$409,015$371,832

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,372
Property Tax -$807
Property Insurance -$158
HOA -$42
Property Management Fees -$99
CASH FLOW
-$688

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.

$371,832

PROJECTED PRICE

$1,790

PROJECTED RENT

0.48%

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

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$100,535

INVESTMENT

$100,535

Down Payment
$92,958
Rehab Estimate
$2,000
Closing Costs
$5,577

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,958
Loan Amount $278,874
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$12

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,039

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,7953$1,9504$2,0955$2,350
$2,350
RENT COMPS ANALYSIS
  • 186 Sapphire Lane Waxahachie, TX 1
    • 4 beds 2 baths ∙ 2,265 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,265 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.79
    •  
  • 217 Silver Spur Drive Waxahachie, TX 2
    • 4 beds 2 baths ∙ 2,137 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,137 Sqft ∙ Built 2007
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
  • 109 Atlantic Avenue Waxahachie, TX 3
    • 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2010
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 104 Sports Row Waxahachie, TX 4
    • 3 beds 2 baths ∙ 2,403 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,403 Sqft ∙ Built 2012
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.87
    •  
  • 452 Wintergreen Drive Waxahachie, TX 5
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2019
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.96
    •  
PROPERTY LISTING DETAILS
Ashlee Mcghee
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481618
Last Updated: 12/04/2020
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