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208 Bison Meadow Drive Waxahachie, TX 75165

3 Beds 2 Baths 1,853 sqft Built 2005

INVESTimate

$230,000

List Price

$1,800

$1,620 - $1,980

Rent Est.

$250,815  ( +9.05%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $124.12
  • 6 Days on Market
  • MLS # : 14418466
  • Updated Date : 08/22/2020 at 16:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,853 sqft
  • Baths : 2 full
Listing Agent

Legacy Realty Group

Listing Agent's Description

ADORABLE home in sought out Buffalo Ridge. This home is completely updated with painted white cabinets, subway tile backsplash, new solid surface counter tops, BEAUTIFUL stainless appliances, updated flooring in all rooms and has a fabulous floor plan perfect for family and entertaining! The backyard is great with extended concrete patio area. Home shows great from the minute you drive up with the fabulous curb appeal! This home is a must see!

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
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$849
Property Tax -$425
Property Insurance -$134
HOA -$24
Property Management Fees -$99
CASH FLOW
$269

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.

$230,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.05%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

10.42

YEARS SAVED

$40,630

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,797

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,599
1$1,5992$1,6953$1,7254$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 208 Bison Meadow Drive Waxahachie, TX 5
    • 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
  • 125 Bison Meadow Drive Waxahachie, TX 1
    • 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2006
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.91
    •  
  • 126 Bison Meadow Drive Waxahachie, TX 2
    • 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 2005
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.98
    •  
  • 212 Bison Meadow Drive Waxahachie, TX 3
    • 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2006
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.98
    •  
  • 222 Bison Meadow Drive Waxahachie, TX 4
    • 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 2009
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.01
    •  
PROPERTY LISTING DETAILS
Leslie Majors
Legacy Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418466
Last Updated: 08/22/2020
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