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204 Lillian Lane Waxahachie, TX 75165

4 Beds 3 Baths 2,523 sqft Built 2021

$339,439

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $134.54
  • 1 Days on Market
  • MLS # : 14485657
  • Updated Date : 12/12/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,523 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

Welcome to The Arbors in Waxahachie, TX. This community is located off of Hwy 77 with convenient access to Hwy 287, shopping, dining, and recreation. Lillian Custom Homes, The Aleutian Plan features a Stone elevation, 4 bedrooms, 2.5 bathrooms, Open concept, Breakfast nook, Study, Foyer, Mudroom, Walk-In Closets, Stainless Steel Appliances, Covered Porch & Patio, full sprinkler & sod, & 2 Car Garage. Smart Home Enhanced WIfi Network, Video Doorbell, Smart Security System, Smart Door Lock, Smart Lighting, Sonos one with Alexa, Ecobee 4 Thermostat, Smart Garage Door Opener. Each Lillian Custom Home is Energy Efficient. Ask about our Hometown Heroes program. Ready Summer 2021

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

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
 

$305,495$373,383$339,439

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,252
Property Tax -$737
Property Insurance -$173
HOA -$35
Property Management Fees -$99
CASH FLOW
$24

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.

$339,439

PROJECTED PRICE

$2,320

PROJECTED RENT

0.68%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,951

INVESTMENT

$91,951

Down Payment
$84,860
Rehab Estimate
$2,000
Closing Costs
$5,092

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,252

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,860
Loan Amount $254,579
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$19,784

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,302

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1953$2,3204$2,3505$2,500
$2,500
RENT COMPS ANALYSIS
  • 204 Lillian Lane Waxahachie, TX 3
    • 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.92
    •  
  • 104 Sports Row Waxahachie, TX 1
    • 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
    •  
  • 220 Range Road Waxahachie, TX 2
    • 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2012
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.89
    •  
  • 452 Wintergreen Drive Waxahachie, TX 4
    • 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
    •  
  • 462 Harvest Grove Drive Waxahachie, TX 5
    • 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 2018
    property image
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.93
    •  
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 #: 14485657
Last Updated: 12/12/2020
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