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PROPERTY INFO
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
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75165
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$103,774
LOAN DETAILS
$1,365
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $92,475 |
| Loan Amount | $277,425 |
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
-
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
Legacy Realty Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14471037
Last Updated: 11/14/2020
