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260 Saddlebrook Lane Waxahachie, TX 75165

4 Beds 3 Baths 2,705 sqft Built 2015

$272,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $100.55
  • 2 Days on Market
  • MLS # : 14474692
  • Updated Date : 11/21/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,705 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Welcome Home! Come fall in love with this incredible 4 Bedroom, 3 FULL bath property and NO HOA Fees! ROOF REPLACED April 2020! HUGE Open Floor Plan comes with TWO MASTER SUITES - One on each floor; BACKYARD DECK built October 2020 and stained November 2020; CARPET PADDING REPLACED November 2020 and ready for YOUR CHOICE of new carpet (priced as-is with carpet padding) This beautiful home is zoned for SIMPSON ELEMENTARY! Schedule your showing today, and come see all this amazing home has to offer!

SEE MORE

MARKET HIGHLIGHTS

  • 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: 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
 

$244,800$299,200$272,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,004
Property Tax -$590
Property Insurance -$184
Property Management Fees -$99
CASH FLOW
$264

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.

$272,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.79%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,830

INVESTMENT

$77,830

Down Payment
$68,000
Rehab Estimate
$5,750
Closing Costs
$4,080

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,004

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,000
Loan Amount $204,000
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$40,716

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,140

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,103

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,0953$2,1404$2,1455$2,200
$2,200
RENT COMPS ANALYSIS
  • 260 Saddlebrook Lane Waxahachie, TX 3
    • 4 beds 3 baths ∙ 2,705 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,705 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.79
    •  
  • 1212 Broadhead Road Waxahachie, TX 1
    • 3 beds 3 baths ∙ 2,517 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,517 Sqft ∙ Built 1995
    LEASED 06/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.75
    •  
  • 104 Sports Row Waxahachie, TX 2
    • 3 beds 2 baths ∙ 2,403 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,403 Sqft ∙ Built 2012
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.87
    •  
  • 215 Atlantic Avenue Waxahachie, TX 4
    • 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2009
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $0.76
    •  
  • 205 Equestrian Drive Waxahachie, TX 5
    • 4 beds 3 baths ∙ 3,029 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,029 Sqft ∙ Built 2007
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.73
    •  
PROPERTY LISTING DETAILS
Angela Copeland
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474692
Last Updated: 11/21/2020
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