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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $230.80
- 4 Days on Market
- MLS # : 14503516
- Updated Date : 01/23/2021 at 09:13
CONSTRUCTION
- Beds : 3
- Floor Size : 2,383 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Realty Group
Listing Agent's Description
Unique Property! This Austin stone and brick home has 3 bedrooms, 2 and half baths with a study and dining room in the main house and a guest house with 2 bedrooms, a kitchen, living area, bath and utility room. All of this on 26 acres to spread out. This home is an open concept floor plan with the kitchen having granite counters, stainless steel appliances, built in wine rack and a breakfast bar. The spacious master has a walk in closet, dual sinks, a jetted tub and separate shower and water closet. Split bedroom plan. The back porch is covered and has a great view of the land, green house and garden. The gazebo and outdoor fireplace is perfect for gatherings! You can have goats, cattle, sheep or horses.
SEE MORE
- 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: 75167
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75167
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,290 |
| EXPENSES | Loan Payment | -$1,910 |
| Property Tax | -$1,194 | |
| Property Insurance | -$165 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,078
|
||
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.
$550,000
PROJECTED PRICE
$2,290
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.1% |
| 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
$151,500
LOAN DETAILS
$1,910
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $137,500 |
| Loan Amount | $412,500 |
-0.17
YEARS SAVED
-$45
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,290
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,383
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
2305 Marshall Road Waxahachie, TX 3
- 3 beds 3 baths ∙ 2,383 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,383 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $2,290
- $0.96
-
101 Buckskin Drive Waxahachie, TX 1
- 3 beds 2 baths ∙ 2,165 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,165 Sqft ∙ Built 2005
LEASED 05/26/20- Rent
- Rent Per SQFT
- $1,995
- $0.92
-
222 Dakota Drive Waxahachie, TX 2
- 3 beds 2 baths ∙ 2,082 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,082 Sqft ∙ Built 2016
LEASED 06/27/20- Rent
- Rent Per SQFT
- $2,250
- $1.08
PROPERTY LISTING DETAILS
Re/max Realty Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14503516
Last Updated: 01/23/2021
