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220 Sahara Drive Waxahachie, TX 75165

4 Beds 2 Baths 2,024 sqft Built 2021

$329,990

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2021
  • Price/Sqft : $163.04
  • 4 Days on Market
  • MLS # : 14466350
  • Updated Date : 11/05/2020 at 12:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,024 sqft
  • Baths : 2 full
Listing Agent

Legacy Realty Group

Listing Agent's Description

NEW JOHN HOUSTON CUSTOM HOME IN THE COVE IN WAXAHACHIE ISD. One story open concept floor plan with 4 bedrooms, 2 baths, covered patio and a 3rd car garage. Unique features about this home include; custom painted gray cabinets, granite counter tops, gray interior paint, brushed nickel fixtures, wood flooring, faux stone fireplace and much more. READY IN MARCH!

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
 

$296,991$362,989$329,990

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,218
Property Tax -$716
Property Insurance -$144
HOA -$33
Property Management Fees -$99
CASH FLOW
-$90

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.

$329,990

PROJECTED PRICE

$2,120

PROJECTED RENT

0.64%

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,447

INVESTMENT

$89,447

Down Payment
$82,498
Rehab Estimate
$2,000
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,498
Loan Amount $247,493
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$10,759

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,085

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$2,0003$2,0504$2,1205$2,250
$2,250
RENT COMPS ANALYSIS
  • 220 Sahara Drive Waxahachie, TX 4
    • 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 2021 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $1.05
    •  
  • 638 Jordan Lane Waxahachie, TX 1
    • 4 beds 2 baths ∙ 1,690 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,690 Sqft ∙ Built 2014
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.05
    •  
  • 112 Thoroughbred Street Waxahachie, TX 2
    • 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 2008
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.98
    •  
  • 219 Arborside Drive Waxahachie, TX 3
    • 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 2018
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.10
    •  
  • 114 Shetland Street Waxahachie, TX 5
    • 3 beds 2 baths ∙ 2,264 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,264 Sqft ∙ Built 2012
    property image
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.99
    •  
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 #: 14466350
Last Updated: 11/05/2020
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