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222 Commonwealth Circle Waxahachie, TX 75165

3 Beds 2 Baths 1,443 sqft Built 2012

$225,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $155.93
  • 3 Days on Market
  • MLS # : 14502193
  • Updated Date : 01/23/2021 at 18:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,443 sqft
  • Baths : 2 full
Listing Agent

Providence Group Realty

Listing Agent's Description

Lovely John Houston home in Windchase! This single-story home features 3 bds, 2 bths, & 1,443 sq ft of living space. Split-bedroom floor plan with upgraded finish outs that include knotty alder cabinets, luxury vinyl plank flooring, crown molding, rounded wall corners, & a tankless water heater. This 2012 home also offers a contemporary feel with tall ceilings & recessed lighting. No HOA. Backyard features covered patio with extensive decking & 8 ft BOB cedar fence with cap rail, great for private outdoor living & entertaining. Located on an elbow cul-de-sac, chopped stone front elevation detail with established trees & landscaping. Waxahachie ISD zoned for Shackelford Elementary.

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
Shackelford Elementary School Primary Regular 594 36 7
Howard Junior High School Middle Regular 857 62 6
Waxahachie High School High Regular 1,985 138 4

Shackelford Elementary School

  • Education Level: Primary
  • # of students: 594
  • # of teachers: 36
7
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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$782
Property Tax -$488
Property Insurance -$111
Property Management Fees -$99
CASH FLOW
$1

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.

$225,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.66%

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$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

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$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$9,813

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,479

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4803$1,5494$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 222 Commonwealth Circle Waxahachie, TX 2
    • 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.03
    •  
  • 111 Dover Drive Waxahachie, TX 1
    • 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 2010
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.01
    •  
  • 105 S Hampton Place Waxahachie, TX 3
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 2003
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $1.01
    •  
  • 109 Tranquillity Lane Waxahachie, TX 4
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 923 Glory Drive Waxahachie, TX 5
    • 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 2004
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.05
    •  
PROPERTY LISTING DETAILS
Stephanie Gardner
Providence Group Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14502193
Last Updated: 01/23/2021
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