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208 Old Spanish Trail Waxahachie, TX 75167

3 Beds 2 Baths 1,525 sqft Built 2013

$230,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $150.82
  • 3 Days on Market
  • MLS # : 14465990
  • Updated Date : 11/07/2020 at 19:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,525 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty, Llc

Listing Agent's Description

MULTIPLE OFFERS RECEIVED,PLEASE ALL OFFERS BY 8PM SUNDAY. Welcome to this charming single story 3 bed, 2bth home. Perfect for entertaining family, friends, or cozying up in front of your wood burning fire place! Fall in love with the open concept living, dining,kitchen area with gorgeous granite countertops to give a clean finish to the stainless steel appliances. Natural light shines throughout the home for a welcoming atmosphere. Split bdrms provide privacy in your Master while soaking in your warm garden tub for some quiet time. This home has been loved, well maintained, and landscaped beautifully. BONUS- RING DOORBELL, RING FLOOD LIGHTS, SPRINKLER SYS & COMMUNITY PLAYGROUNDS

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: 75167

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $116k253k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 75167

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10122077

* 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
Wedgeworth Elementary School Primary Regular 749 45 6
Finley Junior High School Middle Regular 882 64 5
Waxahachie High School High Regular 1,985 138 4

Wedgeworth Elementary School

  • Education Level: Primary
  • # of students: 749
  • # of teachers: 45
6
GreatSchools Rating

Finley Junior High School

  • Education Level: Middle
  • # of students: 882
  • # of teachers: 64
5
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

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$849
Property Tax -$499
Property Insurance -$115
HOA -$24
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 14% of earned rent to cover both maintenance and periods of vacancy.

$230,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.1%
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$100k$200k$300k$400k$500k$600k$700k$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

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 55% 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

5.08

YEARS SAVED

$14,205

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,613

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6103$1,6504$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 208 Old Spanish Trail Waxahachie, TX 2
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $1.06
    •  
  • 213 Old Spanish Trail Waxahachie, TX 1
    • 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 2015
    property image
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.06
    •  
  • 126 Valley View Drive Waxahachie, TX 3
    • 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 2004
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.06
    •  
  • 219 Old Spanish Trail Waxahachie, TX 4
    • 4 beds 2 baths ∙ 1,578 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,578 Sqft ∙ Built 2014
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.08
    •  
  • 122 Sierra Drive Waxahachie, TX 5
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2012
    property image
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
PROPERTY LISTING DETAILS
Esmeralda Coplin
Fathom Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465990
Last Updated: 11/07/2020
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