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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $145.53
- 4 Days on Market
- MLS # : 14499491
- Updated Date : 01/15/2021 at 11:59
CONSTRUCTION
- Beds : 3
- Floor Size : 1,889 sqft
- Baths : 2 full
Listing Agent
Century 21 Judge Fite Co.
Listing Agent's Description
What an AMAZING place to call HOME! This beautiful JHouston home is located in established Settler's Glen! Immaculately maintained, 3 bedroom, 2 bath home has many upgrades including: beautiful wood like flooring, tile in the wet areas, gorgeous stone fireplace in the open concept living, kitchen & dining areas, ceiling fans in all the rooms and more! It also features a large kitchen with granite counters, breakfast island, & walk in pantry. Oversized luxury master bedroom with spa like master bath with garden tub, tile shower, & separate vanities. Blinds throughout the house, covered back patio, privacy wood fenced yard, sprinkler system, & radiant barrier! This house is a must see!
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: 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 | $1,970 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$597 | |
| Property Insurance | -$136 | |
| HOA | -$24 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$159
|
||
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.
$274,900
PROJECTED PRICE
$1,970
PROJECTED RENT
0.72%
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
$78,599
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,725 |
| Loan Amount | $206,175 |
7.33
YEARS SAVED
$24,863
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,970
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$1,974
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
237 Valley View Drive Waxahachie, TX 2
- 3 beds 2 baths ∙ 1,889 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,889 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $1,970
- $1.04
-
243 Old Settlers Trail Waxahachie, TX 1
- 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2018
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,895
- $1.03
-
212 Old Spanish Trail Waxahachie, TX 3
- 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2015
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,995
- $1.01
-
208 Chimney Rock Drive Waxahachie, TX 4
- 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2014
LEASED 05/07/20- Rent
- Rent Per SQFT
- $1,995
- $1.06
-
222 Dakota Drive Waxahachie, TX 5
- 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
Century 21 Judge Fite Co.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14499491
Last Updated: 01/15/2021
