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209 Gallop Court Waxahachie, TX 75165

4 Beds 2 Baths 1,795 sqft Built 2016

$263,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $147.02
  • 4 Days on Market
  • MLS # : 14463492
  • Updated Date : 11/02/2020 at 12:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,795 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

WELL-MAINTAINED 4 BEDROOM, 2 BATHROOM BRICK HOME IN THE HEART OF WAXAHACHIE! You will feel right at home in this open concept floor plan featuring beautiful flooring and large windows that bring in tons of natural light. The chef in your family will love the gourmet kitchen featuring plenty of counter space, a breakfast bar, and black appliances. After a long day, nothing compares to the luxurious primary suite that boasts a private bathroom and a large walk-in closet. Great location near Lake Waxahachie and Waxahachie Creek! Buyer & Buyer Agent to verify all info including, but not limited to, room dimensions, features, schools.

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
Clift Elementary School Primary Regular 462 31 5
Howard Junior High School Middle Regular 857 62 6
Waxahachie High School High Regular 1,985 138 4

Clift Elementary School

  • Education Level: Primary
  • # of students: 462
  • # of teachers: 31
5
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
 

$237,510$290,290$263,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$974
Property Tax -$501
Property Insurance -$131
HOA -$40
Property Management Fees -$99
CASH FLOW
$156

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.

$263,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.72%

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$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,684

INVESTMENT

$75,684

Down Payment
$65,975
Rehab Estimate
$5,750
Closing Costs
$3,959

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,975
Loan Amount $197,925
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$29,784

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,966

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0003$2,0004$2,0005$2,200
$2,200
RENT COMPS ANALYSIS
  • 209 Gallop Court Waxahachie, TX 1
    • 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.06
    •  
  • 116 Chestnut Road Waxahachie, TX 2
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2018
    LEASED 06/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.11
    •  
  • 119 Chestnut Road Waxahachie, TX 3
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2017
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.11
    •  
  • 111 Chestnut Road Waxahachie, TX 4
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2017
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.11
    •  
  • 113 Chestnut Road Waxahachie, TX 5
    • 4 beds 3 baths ∙ 2,097 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,097 Sqft ∙ Built 2017
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.05
    •  
PROPERTY LISTING DETAILS
Wendy Galloway
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463492
Last Updated: 11/02/2020
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