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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $154.79
- 6 Days on Market
- MLS # : 14494202
- Updated Date : 01/07/2021 at 14:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,389 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Affordable & adorable 3-2-2 within walking distance to schools & parks. Open concept living & kitchen. Split bedroom arrangement. Fenced back yard. Roof replaced in 2020. HOA allows access to community pool. Minutes from I-35 & HWY 287 for an easy commute. Shopping, restaurants, medical, walking trails, & fishing tank near by. Hurry before it is gone! **Seller has received multiple offers on this property and has requested highest & best offers by 11pm on Saturday 1-9-2020**
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,480 |
| EXPENSES | Loan Payment | -$747 |
| Property Tax | -$362 | |
| Property Insurance | -$107 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$135
|
||
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.
$215,000
PROJECTED PRICE
$1,480
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$62,725
LOAN DETAILS
$747
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $53,750 |
| Loan Amount | $161,250 |
7.67
YEARS SAVED
$21,554
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 -
$1.07
LIST RENT PER SQFT
-
$1,479
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
223 Stampede Street Waxahachie, TX 1
- 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,480
- $1.07
-
215 Brandie Mac Lane Waxahachie, TX 2
- 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 2005
LEASED 04/22/20- Rent
- Rent Per SQFT
- $1,600
- $1.03
-
216 Bear Trail Waxahachie, TX 3
- 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2010
LEASED 03/03/20- Rent
- Rent Per SQFT
- $1,674
- $1.09
-
211 Gayleh Lane Waxahachie, TX 4
- 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2006
LEASED 09/24/20- Rent
- Rent Per SQFT
- $1,695
- $1.09
-
221 Range Road Waxahachie, TX 5
- 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2013
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,700
- $1.05
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14494202
Last Updated: 01/07/2021
