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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $147.54
- 2 Days on Market
- MLS # : 14481947
- Updated Date : 12/05/2020 at 13:18
CONSTRUCTION
- Beds : 3
- Floor Size : 1,525 sqft
- Baths : 2 full
Listing Agent
Ultima Real Estate
Listing Agent's Description
New construction in a great location, within walking distance to Downtown Waxahachie. This home will feature beautiful finishes with an open concept design and floor plan that has a nice flow. The large flexible living space will accommodate a formal dining room set up or you can use the entire space and have a huge living room. There is a breakfast nook off the kitchen a breakfast bar and stainless appliances. There is a large office at the front of the house that can also be a second living room or game room. There is a nice covered patio and the lot offers mature trees for shade and a good sized backyard. Home is not completed.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75165
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$830 |
| Property Tax | -$488 | |
| Property Insurance | -$115 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$7
|
||
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.
$225,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$61,625
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,250 |
| Loan Amount | $168,750 |
4.67
YEARS SAVED
$12,822
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,556
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
204 Stephens Street Waxahachie, TX 3
- 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,540
- $1.01
-
105 5 Points Road Waxahachie, TX 1
- 3 beds 2 baths ∙ 1,190 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,190 Sqft ∙ Built 2004
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,200
- $1.01
-
115 Munchus Street Waxahachie, TX 2
- 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 2002
LEASED 02/25/20- Rent
- Rent Per SQFT
- $1,400
- $1.00
-
313 Leisure Lane Waxahachie, TX 4
- 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 2004
LEASED 05/07/20- Rent
- Rent Per SQFT
- $1,700
- $1.04
-
86 Briar Lane Waxahachie, TX 5
- 4 beds 2 baths ∙ 1,646 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,646 Sqft ∙ Built 2006
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,700
- $1.03
PROPERTY LISTING DETAILS
Ultima Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14481947
Last Updated: 12/05/2020
