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4064 Fm 813 Waxahachie, TX 75165

3 Beds 2 Baths 1,836 sqft Built 2002

$327,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $178.10
  • 3 Days on Market
  • MLS # : 14498717
  • Updated Date : 01/15/2021 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,836 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Custom home sitting on 1 acre in the county with no HOA! A rare find! Buy this home and make it your own! Open concept kitchen, living, & breakfast area. All electric. Good storage. Low maintenance laminate flooring. Crown molding & ceiling fans throughout. Country living yet minutes from HWY 287 & I-35 for an easy commute to DFW. A short drive to shopping, restaurants, school, & healthcare.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Broadhavens

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $116k336k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Broadhavens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10122171

* 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
 

$294,300$359,700$327,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,136
Property Tax -$546
Property Insurance -$133
Property Management Fees -$99
CASH FLOW
-$104

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$327,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$92,405

INVESTMENT

$92,405

Down Payment
$81,750
Rehab Estimate
$5,750
Closing Costs
$4,905

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,136

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,750
Loan Amount $245,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,826

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,827

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,549
1$1,5492$1,6253$1,7004$1,7505$1,810
$1,810
RENT COMPS ANALYSIS
  • 4064 Fm 813 Waxahachie, TX 5
    • 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.99
    •  
  • 105 S Hampton Place Waxahachie, TX 1
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 2003
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $1.01
    •  
  • 118 Jennings Drive Waxahachie, TX 2
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2006
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.02
    •  
  • 1203 Azalea Lane Waxahachie, TX 3
    • 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1995
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
  • 114 Jennings Drive Waxahachie, TX 4
    • 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 2006
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.99
    •  
PROPERTY LISTING DETAILS
Melissa Mcclain
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14498717
Last Updated: 01/15/2021
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