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319 S Hill Drive Waxahachie, TX 75165

4 Beds 3 Baths 2,914 sqft Built 2018

$369,900

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $126.94
  • 2 Days on Market
  • MLS # : 14471037
  • Updated Date : 11/14/2020 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,914 sqft
  • Baths : 3 full
Listing Agent

Legacy Realty Group

Listing Agent's Description

This Gorgeous home shows like a model home with grand entry and beautiful floor to ceiling stone fireplace! The designer touches will WOW you from the moment you step in the front door. Wonderful floor plan with 4 bedrooms and 3 full bathrooms plus a STUDY! Large gourmet kitchen with beautiful sparkling white marble looking granite counter tops, gorgeous subway tile back splash with tons of beautiful white cabinets open to the wonderful family room and formal dining. Perfect floor plan for ENTERTAINING! This amazing family home features 2 bedrooms down along with each having a private bathroom and 2 bedrooms upstairs sharing a full bathroom! Nice size backyard with large covered patio perfect for entertaining.

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
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
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,365
Property Tax -$803
Property Insurance -$196
HOA -$33
Property Management Fees -$99
CASH FLOW
-$545

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.

$369,900

PROJECTED PRICE

$1,950

PROJECTED RENT

0.53%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$24

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,974

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9503$1,9954$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 319 S Hill Drive Waxahachie, TX 2
    • 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.67
    •  
  • 200 Cheyenne Drive Waxahachie, TX 1
    • 3 beds 3 baths ∙ 3,000 Sqft ∙ Built 2006 3 beds 3 baths ∙ 3,000 Sqft ∙ Built 2006
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.62
    •  
  • 224 Palomino Drive Waxahachie, TX 3
    • 4 beds 2 baths ∙ 2,973 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,973 Sqft ∙ Built 2007
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.67
    •  
  • 332 Choctaw Trail Waxahachie, TX 4
    • 5 beds 4 baths ∙ 3,182 Sqft ∙ Built 2010 5 beds 4 baths ∙ 3,182 Sqft ∙ Built 2010
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.69
    •  
  • 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
Leslie Majors
Legacy Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471037
Last Updated: 11/14/2020
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