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800 S College Street Waxahachie, TX 75165

4 Beds 3 Baths 2,262 sqft Built 2016

$345,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $152.52
  • 3 Days on Market
  • MLS # : 14472124
  • Updated Date : 02/06/2021 at 22:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,262 sqft
  • Baths : 2 full , 1 half
Listing Agent

Legacy Realty Group

Listing Agent's Description

Gorgeous Craftman style home in the heart of Waxahachie! This home boasts a large lot with tons of beautiful trees and a WONDERFUL Detached garage OR workshop! This home features tons of beautiful finish out with a fabulous kitchen featuring white cabinets with a stylish gray colored island and beautiful white granite counter tops! This fabulous 4 bedrooms home with 4th bedroom flexible to be a great STUDY. The wonderful master suite boasts a large soaking tub, double vanities, tons of storage, walk in shower with beautiful tile and a large walk in closet. The secondary bedrooms boast a split bedroom arrangement and the secondary bathroom is extra large! Plus a half bathroom next to fabulous laundry room.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

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
Dunaway Elementary School Primary Regular 551 37 7
Finley Junior High School Middle Regular 882 64 5
Waxahachie High School High Regular 1,985 138 4

Dunaway Elementary School

  • Education Level: Primary
  • # of students: 551
  • # of teachers: 37
7
GreatSchools Rating

Finley Junior High School

  • Education Level: Middle
  • # of students: 882
  • # of teachers: 64
5
GreatSchools Rating

Waxahachie High School

  • Education Level: High
  • # of students: 1,985
  • # of teachers: 138
4
GreatSchools Rating
 

$310,500$379,500$345,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,198
Property Tax -$749
Property Insurance -$158
Property Management Fees -$99
CASH FLOW
$146

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.

$345,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.68%

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$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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$26,950

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,285

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,999
1$1,9992$2,350
$2,350
RENT COMPS ANALYSIS
  • 800 S College Street Waxahachie, TX 2
    • 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.04
    •  
  • 526 Cottonview Drive Waxahachie, TX 1
    • 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 2018
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.01
    •  
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 #: 14472124
Last Updated: 02/06/2021
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