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201 Johnston Boulevard Waxahachie, TX 75165

3 Beds 2 Baths 1,757 sqft Built 1986

$263,550

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $150.00
  • 2 Days on Market
  • MLS # : 14473535
  • Updated Date : 12/05/2020 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,757 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Location! Mature trees! Great neighborhood, along with a beautiful home with room to spread out! Did I mention no HOA? This 3 bedroom, 2 bath home offers a spacious kitchen, dining, and living room ready for it's new owner. There is a bonus room with a closet and backyard access that was used as a business office that could easily be an extra living, game room, or a 4th bedroom! The owners have definitely taken pride in this home and every bit shows. Quartz countertops, jacuzzi tub, laminate and ceramic tile flooring, sprinkler system, gorgeous backyard with a great storage shed are just a few things these homeowners have done to the home over the years. Buyers and buyers agent to verify all information.

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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$237,195$289,905$263,550

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$972
Property Tax -$440
Property Insurance -$129
Property Management Fees -$99
CASH FLOW
-$270

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.

$263,550

PROJECTED PRICE

$1,370

PROJECTED RENT

0.52%

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$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,591

INVESTMENT

$75,591

Down Payment
$65,888
Rehab Estimate
$5,750
Closing Costs
$3,953

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$972

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,888
Loan Amount $197,663
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$899

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,735

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,370
1$1,3702$1,4953$1,5954$1,6955$1,925
$1,925
RENT COMPS ANALYSIS
  • 201 Johnston Boulevard Waxahachie, TX 1
    • 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.78
    •  
  • 108 San Jacinto Street Waxahachie, TX 2
    • 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1974
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.01
    •  
  • 101 Auburn Street Waxahachie, TX 3
    • 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1970
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.00
    •  
  • 703 Dogwood Lane Waxahachie, TX 4
    • 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 2000
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.98
    •  
  • 214 Solon Road Waxahachie, TX 5
    • 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 1984
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.96
    •  
PROPERTY LISTING DETAILS
Latoya Bryant Contreras
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473535
Last Updated: 12/05/2020
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