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223 Stampede Street Waxahachie, TX 75165

3 Beds 2 Baths 1,389 sqft Built 2007

$215,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • # 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

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
Felty Elementary School Primary Regular 521 33 8
Howard Junior High School Middle Regular 857 62 6
Waxahachie High School High Regular 1,985 138 4

Felty Elementary School

  • Education Level: Primary
  • # of students: 521
  • # of teachers: 33
8
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
 

$193,500$236,500$215,000

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 -$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

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

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
$1,480
1$1,4802$1,6003$1,6744$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 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
Melissa Mcclain
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14494202
Last Updated: 01/07/2021
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