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2232 Windy Hill Lane Waxahachie, TX 75167

4 Beds 3 Baths 2,403 sqft Built 2020

$332,764

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $138.48
  • 8 Days on Market
  • MLS # : 14482173
  • Updated Date : 12/07/2020 at 15:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,403 sqft
  • Baths : 3 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14482173 - Built by History Maker Homes - April completion! ~ Skirted with white stone and elegant brick design, the curb appeal of this home invites you inside. Step onto the Luxury Vinyl Plank flooring where traditional meets contemporary. Retire to the master suite, boasting His and Her closets. Enjoy the additional half bay garage for extra storage or workplace. Call today to make it your home!

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: 75167

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $116k253k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 75167

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10122077

* 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
 

$299,488$366,040$332,764

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 -$1,228
Property Tax -$554
Property Insurance -$166
HOA -$23
Property Management Fees -$99
CASH FLOW
$50

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.

$332,764

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) 7.1%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$90,182

INVESTMENT

$90,182

Down Payment
$83,191
Rehab Estimate
$2,000
Closing Costs
$4,991

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,228

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,191
Loan Amount $249,573
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$24,112

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
  • $0.88

    LIST RENT PER SQFT
  • $2,091

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$2,0953$2,1204$2,1505$2,195
$2,195
RENT COMPS ANALYSIS
  • 2232 Windy Hill Lane Waxahachie, TX 3
    • 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.88
    •  
  • 202 Vivian Drive Waxahachie, TX 1
    • 3 beds 3 baths ∙ 2,266 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,266 Sqft ∙ Built 2006
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.83
    •  
  • 104 Sports Row Waxahachie, TX 2
    • 3 beds 2 baths ∙ 2,403 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,403 Sqft ∙ Built 2012
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.87
    •  
  • 101 Horseshoe Bend Waxahachie, TX 4
    • 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 2007
    property image
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.89
    •  
  • 220 Range Road Waxahachie, TX 5
    • 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2012
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.89
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14482173
Last Updated: 12/07/2020
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