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2102 Rose Court Waxahachie, TX 75165

4 Beds 3 Baths 2,301 sqft Built 2021

$352,990

List Price

$2,170

$2K - $2.4K

Rent Est.

$95,542

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+9.1%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.1%
Cash Flow	-$1,392
Value Increase	$32,127

10 YEAR

Cash On Cash	-3.2%
Total Return	13.1%

PROPERTY INFO

Built 2021 NEW CONSTRUCTION

February 05, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 2021
Price/Sqft : $153.41
3 Days on Market
MLS # : 14510887
Updated Date : 02/05/2021 at 16:00

CONSTRUCTION

Beds : 4
Floor Size : 2,301 sqft
Baths : 3 full

Listing Agent

Aesthetic Realty, Llc

Listing Agent's Description

New home built by Astoria Homes! Spacious 2 story home with 4 bedrooms, 3 bathrooms, game room and 3 car garage. Located on a Corner lot! Open floor plan with real hand scraped hardwood floors, granite counter tops in kitchen and all bathrooms. Solid maple cabinets and beautiful backsplash. This home is FULL of upgrades! Garage is full finished with insulated garage door and opener. Full sod, full sprinkler, landscaped package and full gutters. Home is estimated to be completed by March 2021

MARKET HIGHLIGHTS

Dallas Market Report

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)

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

NAME	EDUCATIONAL LEVEL	SCHOOL TYPE	# OF STUDENTS	# OF TEACHERS	GREATSCHOOLS RATING
Marvin Elementary School	Primary	Regular			NA
Finley Junior High School	Middle	Regular	882	64	5
Waxahachie High School	High	Regular	1,985	138	4

Marvin Elementary School

Education Level: Primary
# of students:
# of teachers:

GreatSchools Rating

Finley Junior High School

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

GreatSchools Rating

Waxahachie High School

Education Level: High
# of students: 1,985
# of teachers: 138

GreatSchools Rating

FINANCIALS

Learn how to read this

$317,691$388,28900$352,990

PURCHASE PRICE

$1,953$2,38700$2,170

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$2,170
EXPENSES	Loan Payment	-$1,226
	Property Tax	-$766
	Property Insurance	-$160
	HOA	-$35
	Property Management Fees	-$99



CASH FLOW -$116

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.

$352,990

PROJECTED PRICE

$2,170

PROJECTED RENT

0.61%

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)	3.00%
Vacancy	6.39%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$95,542

Down Payment	$88,248
Rehab Estimate	$2,000
Closing Costs	$5,295

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,226

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$88,248
Loan Amount	$264,743

See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$7,501

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$2,170
LIST RENT
$0.94
LIST RENT PER SQFT

$2,117
COMP ESTIMATED VALUE
$0.92
COMP AVG. RENT PER SQFT

Comps Range

$1,999

1$1,9992$2,0953$2,1004$2,1705$2,300

$2,300

RENT COMPS ANALYSIS

2,301
PROPERTY SQFT
$0.92
AVG RENT PER SQFT
$2,117
ESTIMATED VALUE
$2,170
LIST RENT

2102 Rose Court Waxahachie, TX 5

4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2021
Price

Price Per SQFT

$352,990

$153.41
601 E Jefferson Street Waxahachie, TX 1

3 beds 2 baths ∙ 2,223 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 2020
SOLD 11/13/20
Price

Price Per SQFT

$229,999

$103.46
542 Clearlake Drive Waxahachie, TX 2

4 beds 2 baths ∙ 2,296 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,296 Sqft ∙ Built 2018
SOLD 07/14/20
Price

Price Per SQFT

$245,000

$106.71
522 Clearlake Drive Waxahachie, TX 3

4 beds 2 baths ∙ 2,296 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,296 Sqft ∙ Built 2018
SOLD 10/14/20
Price

Price Per SQFT

$245,000

$106.71
507 Stonelake Drive Waxahachie, TX 4

4 beds 2 baths ∙ 2,255 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,255 Sqft ∙ Built 2019
SOLD 06/23/20
Price

Price Per SQFT

$255,990

$113.52

2102 Rose Court Waxahachie, TX 4

4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2021
Rent

Rent Per SQFT

$2,170

$0.94
526 Cottonview Drive Waxahachie, TX 1

4 beds 2 baths ∙ 1,972 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 2018
LEASED 07/08/20
Rent

Rent Per SQFT

$1,999

$1.01
104 Sports Row Waxahachie, TX 2

3 beds 2 baths ∙ 2,403 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,403 Sqft ∙ Built 2012
LEASED 06/03/20
Rent

Rent Per SQFT

$2,095

$0.87
542 Clearlake Drive Waxahachie, TX 3

4 beds 2 baths ∙ 2,296 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,296 Sqft ∙ Built 2018
LEASED 07/19/20
Rent

Rent Per SQFT

$2,100

$0.91
221 Bear Trail Waxahachie, TX 5

3 beds 3 baths ∙ 2,582 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,582 Sqft ∙ Built 2013
LEASED 09/09/19
Rent

Rent Per SQFT

$2,300

$0.89

PROPERTY LISTING DETAILS

Taylor Blanchard
Aesthetic Realty, Llc

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14510887
Last Updated: 02/05/2021

2102 Rose Court Waxahachie, TX 75165

$352,990

$2,170

$95,542

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Marvin Elementary School

Finley Junior High School

Waxahachie High School

FINANCIALS

$317,691$388,28900$352,990

$1,953$2,38700$2,170

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$352,990

$2,170

0.61%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,226

2.58

$7,501

$352,990

$153.41

$247,588

$107.6

COMPS RANGE

PRICE COMPS ANALYSIS

$2,170

$0.94

$2,117

$0.92

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS