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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $171.71
- 2 Days on Market
- MLS # : 14536909
- Updated Date : 03/20/2021 at 02:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,718 sqft
- Baths : 2 full
Listing Agent
Century 21 Judge Fite Co.
Listing Agent's Description
NEW CONSTRUCTION UNDER 300! Cute 3.2.2 in Waxahachie a little in the country but near the lake. Public boat ramp just a block down the street. Enjoy a walk around the neighborhood in the morning and enjoy views of Lake Waxahachie. Perfect size home with a dining room by entry and HUGE KITCHEN WITH ISLAND and bar. Living area faces back with nice trees in yard. Owners bedroom faces back yard nice bathroom with GARDEN TUB, relaxing shower and large walk in closet. Two additional bedrooms for the kids. Quiet, established, neighborhood just enough away from the hustle and bustle but still easy to get to everything. ESTIMATED COMPLETION END OF APRIL.
SEE MORE
- 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)
- 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)
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 | $1,570 |
| EXPENSES | Loan Payment | -$1,025 |
| Property Tax | -$640 | |
| Property Insurance | -$126 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$320
|
||
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.
$295,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.53%
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
$80,175
LOAN DETAILS
$1,025
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
0.33
YEARS SAVED
$259
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,615
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
206 Lakewood Drive Waxahachie, TX 1
- 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $1,570
- $0.91
-
500 Woodhaven Drive Waxahachie, TX 2
- 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2019
![property image]()
LEASED 02/10/20- Rent
- Rent Per SQFT
- $1,875
- $0.94
PROPERTY LISTING DETAILS
Century 21 Judge Fite Co.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14536909
Last Updated: 03/20/2021
