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631 Tulane Drive 
Waxahachie, TX
75165
3 Beds 2 Baths 1,758 sqft
Built 2000
INVESTimate
$245,000
List Price
$70,675
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PROPERTY INFO
FACTS
- Built In 2000
- Price/Sqft : $139.36
- 1 Days on Market
- MLS # : 14420314
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,758 sqft
- Baths : 2 full
Listing Agent
Century 21 Judge Fite Co.
Listing Agent's Description
ENCHANTED GARDENS, a preferred neighborhood close to shopping OPEN CONCEPT allows the family chef participation with-from guests and family. Well maintained home is ready for a downsize or first time buyer. Check out the remarkable privacy achieved with the backyard fencing and covered seating area. Living area has a recessed multi-media center, a corner electric-start gas-fired fireplace with a lovely mantle and a wall of tall windows that view of the outside quiet zone. Roof was replaced last year and features a heat efficient ridge vent. The home's dining area located in the over-sized kitchen currently has a table that will accommodate twelve diners. Notice how the crown molding adds to the ambiance.
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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,690 |
| EXPENSES | Loan Payment | -$904 |
| Property Tax | -$532 | |
| Property Insurance | -$129 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$27
|
||
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.
$245,000
PROJECTED PRICE
$1,690
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 9.05% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$70,675
LOAN DETAILS
$904
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
5.17
YEARS SAVED
$15,442
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,690
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,710
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
631 Tulane Drive Waxahachie, TX 3
- 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,690
- $0.96
-
312 Etta Avenue Waxahachie, TX 1
- 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1998
LEASED 03/12/20- Rent
- Rent Per SQFT
- $1,495
- $1.00
-
704 Purdue Drive Waxahachie, TX 2
- 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1997
LEASED 05/06/19- Rent
- Rent Per SQFT
- $1,550
- $0.95
-
703 Dogwood Lane Waxahachie, TX 4
- 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 2000
LEASED 10/28/19- Rent
- Rent Per SQFT
- $1,695
- $0.98
-
214 Solon Road Waxahachie, TX 5
- 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 1984
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,925
- $0.96
PROPERTY LISTING DETAILS
Century 21 Judge Fite Co.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420314
Last Updated: 08/25/2020
