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5030 April Lane Waxahachie, TX 75165

4 Beds 3 Baths 2,697 sqft Built 1999

$399,900

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $148.28
  • 4 Days on Market
  • MLS # : 14492015
  • Updated Date : 12/31/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,697 sqft
  • Baths : 3 full
Listing Agent

Holmquist & Associates Realty

Listing Agent's Description

STUNNING REMODEL on this SPACIOUS OPEN FLOOR PLAN HOME that sits on over an ACRE in the PERFECT LOCATION! Feels Country but only minutes to Everything, Sports Complex, Exemplary Schools, 287 & 77*NO HOA*Quaint Culdesac Street*TWO NEW HVACS*TWO NEW WATER HEATERS*NEW LAMINATE WOOD FLOORS*NEW CERAMIC TILE FLOORS*NEW INTERIOR & EXTERIOR PAINT*NEW FRONT DOOR*NEW LIGHT FIXTURES & CFANS*NEW GRANITE COUNTERTOPS*NEW MARBLE LOOKING TILE SURROUND FIREPLACE*NEW TILE BACKSPLASHES*NEW ENLARGED MASTER SHOWER*NEW APPLIANCE PACKAGE TO INCLUDE A REFRIGERATOR*NEW LANDSCAPING*Large Split Bedrooms*Large Utility Room*Two Pantries*Partially Fenced in Backyard...the land extends beyond this fence line*Oversized Garage*COME SEE TODAY!

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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

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
 

$359,910$439,890$399,900

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,475
Property Tax -$668
Property Insurance -$183
Property Management Fees -$99
CASH FLOW
-$26

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.

$399,900

PROJECTED PRICE

$2,400

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) 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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$21,688

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,427

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,1953$2,3004$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 5030 April Lane Waxahachie, TX 4
    • 4 beds 3 baths ∙ 2,697 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,697 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.89
    •  
  • 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 3
    • 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
    •  
  • 462 Harvest Grove Drive Waxahachie, TX 5
    • 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 2018
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.93
    •  
PROPERTY LISTING DETAILS
Krissy Mireles
Holmquist & Associates Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492015
Last Updated: 12/31/2020
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