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271 Bear Trail Waxahachie, TX 75165

4 Beds 3 Baths 2,457 sqft Built 2020

$375,285

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $152.74
  • 7 Days on Market
  • MLS # : 14476085
  • Updated Date : 11/24/2020 at 11:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,457 sqft
  • Baths : 3 full
Listing Agent

Classic Property Management

Listing Agent's Description

Brand New by Bloomfield Homes Ready NOW for Immediate Move-in! Classic Texan Home with Stone & Brick Exterior. Two-story with 4 Bed, 3 Bath, 3-Car Garage. Study off entrance. Open Floorplan - Kitchen flows into Breakfast Nook and Family Room. Windows lining the walls add beautiful natural lighting to the space. Functional Kitchen complete with SS Appliances, Walk-in Pantry, and Large Island. Added features include Trashcan Pull-Out Drawers and Pot & Pan Drawers in Kitchen. Buffet offers additional storage at Bfast Nook. Wood Burning Fireplace. Luxurious Owners Suite with Sitting Area. Game Room upstairs. Covered Patio, Fully Landscaped & Full Sprinkler System installed. Plus the Community Pool only yards away!

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: 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
 

$337,757$412,814$375,285

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,385
Property Tax -$815
Property Insurance -$169
HOA -$25
Property Management Fees -$99
CASH FLOW
-$252

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.

$375,285

PROJECTED PRICE

$2,240

PROJECTED RENT

0.60%

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) 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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,451

INVESTMENT

$101,451

Down Payment
$93,821
Rehab Estimate
$2,000
Closing Costs
$5,629

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,385

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,821
Loan Amount $281,464
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,947

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,230

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,1953$2,2404$2,3005$2,350
$2,350
RENT COMPS ANALYSIS
  • 271 Bear Trail Waxahachie, TX 3
    • 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.91
    •  
  • 101 Horseshoe Bend Waxahachie, TX 1
    • 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 2007
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.89
    •  
  • 220 Range Road Waxahachie, TX 2
    • 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2012
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.89
    •  
  • 221 Bear Trail Waxahachie, TX 4
    • 3 beds 3 baths ∙ 2,582 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,582 Sqft ∙ Built 2013
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
  • 452 Wintergreen Drive Waxahachie, TX 5
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2019
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.96
    •  
PROPERTY LISTING DETAILS
Marsha Ashlock
Classic Property Management
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14476085
Last Updated: 11/24/2020
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