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208 Colt Drive Waxahachie, TX 75165

3 Beds 2 Baths 1,721 sqft Built 2011

$247,900

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $144.04
  • 2 Days on Market
  • MLS # : 14505421
  • Updated Date : 01/23/2021 at 20:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,721 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Professional photos coming soon. STUNNING, well maintained, 3 bedroom, 2 bathroom home with a bright, open floor plan and split bedroom design. Huge living room, open to kitchen, and dining room, perfect for entertaining. Luxury laminate flooring in the entry, living room, hallways, and all 3 bedrooms. Fresh paint, beautiful wood beam, open shelving in kitchen, white subway tile backsplash to ceiling, large island with seating, barn door going into master bathroom, upgraded lighting, and so much more. Nice backyard with a pave stone patio to enjoy entertaining and watching the kids play. Hurry, this one won't last long!

SEE MORE

MARKET HIGHLIGHTS

  • 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

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
 

$223,110$272,690$247,900

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$861
Property Tax -$538
Property Insurance -$127
Property Management Fees -$99
CASH FLOW
$35

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.

$247,900

PROJECTED PRICE

$1,660

PROJECTED RENT

0.67%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,444

INVESTMENT

$71,444

Down Payment
$61,975
Rehab Estimate
$5,750
Closing Costs
$3,719

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$861

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,975
Loan Amount $185,925
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$13,236

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,738

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,660
1$1,6602$1,6953$1,7004$1,7955$1,795
$1,795
RENT COMPS ANALYSIS
  • 208 Colt Drive Waxahachie, TX 1
    • 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.96
    •  
  • 315 Hacienda Drive Waxahachie, TX 2
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2006
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.01
    •  
  • 224 Equestrian Drive Waxahachie, TX 3
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2006
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.04
    •  
  • 317 Haven Road Waxahachie, TX 4
    • 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 2017
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.04
    •  
  • 272 Saddlebrook Lane Waxahachie, TX 5
    • 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 2017
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jennifer Jackson
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505421
Last Updated: 01/23/2021
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