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200 N Meadowview Drive Waxahachie, TX 75165

3 Beds 2 Baths 1,305 sqft Built 1980

$184,900

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $141.69
  • 3 Days on Market
  • MLS # : 14539328
  • Updated Date : 03/27/2021 at 09:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,305 sqft
  • Baths : 2 full
Listing Agent

One 10 Realty Group

Listing Agent's Description

Multiple Offers, please submit your best and final offer by Monday 5:00 PM. Great house on a corner lot ready for a new owner! Owner moved into senior living, home has been well cared for! Some simple updates are needed to bring this house to the full potential, however it is priced to move fast and allow the new owners the opportunity to gain immediate equity in the property. Pictures are coming soon, don't hesitate on this one or you will miss the opportunity!

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
Dunaway Elementary School Primary Regular 551 37 7
Finley Junior High School Middle Regular 882 64 5
Waxahachie High School High Regular 1,985 138 4

Dunaway Elementary School

  • Education Level: Primary
  • # of students: 551
  • # of teachers: 37
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
 

$166,410$203,390$184,900

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$642
Property Tax -$401
Property Insurance -$103
Property Management Fees -$99
CASH FLOW
$215

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$184,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.79%

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) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,749

INVESTMENT

$54,749

Down Payment
$46,225
Rehab Estimate
$5,750
Closing Costs
$2,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$642

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,225
Loan Amount $138,675
See What Happens When You Reinvest Cash Flow

10.17

YEARS SAVED

$26,867

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,344

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3003$1,460
$1,460
RENT COMPS ANALYSIS
  • 200 N Meadowview Drive Waxahachie, TX 3
    • 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.12
    •  
  • 107 N Gibson Street Waxahachie, TX 1
    • 4 beds 3 baths ∙ 1,622 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,622 Sqft ∙ Built 1973
    LEASED 03/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.74
    •  
  • 303 Turner Street Waxahachie, TX 2
    • 3 beds 2 baths ∙ 984 Sqft ∙ Built 1979 3 beds 2 baths ∙ 984 Sqft ∙ Built 1979
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.32
    •  
PROPERTY LISTING DETAILS
Greg Pickett
One 10 Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14539328
Last Updated: 03/27/2021
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