Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

313 Haven Road Waxahachie, TX 75165

3 Beds 2 Baths 1,752 sqft Built 2017

$324,800

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $185.39
  • 3 Days on Market
  • MLS # : 14528183
  • Updated Date : 03/19/2021 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,752 sqft
  • Baths : 2 full
Listing Agent

Que Luxury Inc.

Listing Agent's Description

Incredible curb appeal of this John Houston home matches the gorgeous interior & generous backyard. The large family room features a FP accented by beautiful millwork & stone in herringbone pattern & flows into the kitchen with its expansive island & dining area creating a bright & open space perfect for entertaining or simply enjoying your personal time. Ample master boasts a bath with separate vanities, soaking tub & glass door shower. The covered patio looks out over the huge, flat yard with room for pets, play, gardens, a pool & more. Community amenities include park-playground, community center with pool & splash park scheduled to open in summer. Homes in The Haven are highly sought after so do not delay.

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
Shackelford Elementary School Primary Regular 594 36 7
Howard Junior High School Middle Regular 857 62 6
Waxahachie High School High Regular 1,985 138 4

Shackelford Elementary School

  • Education Level: Primary
  • # of students: 594
  • # of teachers: 36
7
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
 

$292,320$357,280$324,800

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,128
Property Tax -$705
Property Insurance -$128
HOA -$33
Property Management Fees -$99
CASH FLOW
-$324

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.

$324,800

PROJECTED PRICE

$1,770

PROJECTED RENT

0.54%

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

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$91,822

INVESTMENT

$91,822

Down Payment
$81,200
Rehab Estimate
$5,750
Closing Costs
$4,872

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,128

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,200
Loan Amount $243,600
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$445

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,783

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7703$1,7954$1,7955$1,850
$1,850
RENT COMPS ANALYSIS
  • 313 Haven Road Waxahachie, TX 2
    • 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $1.01
    •  
  • 224 Equestrian Drive Waxahachie, TX 1
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2006
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.04
    •  
  • 317 Haven Road Waxahachie, TX 3
    • 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 2017
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.04
    •  
  • 272 Saddlebrook Lane Waxahachie, TX 4
    • 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 2017
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
  • 1630 Wildflower Drive Waxahachie, TX 5
    • 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2005
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.04
    •  
PROPERTY LISTING DETAILS
John Martin
Que Luxury Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14528183
Last Updated: 03/19/2021
BESbswy