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817 Amherst Drive Waxahachie, TX 75165

3 Beds 2 Baths 2,213 sqft Built 2006

$295,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $133.30
  • 4 Days on Market
  • MLS # : 14470160
  • Updated Date : 11/12/2020 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,213 sqft
  • Baths : 2 full
Listing Agent

Century 21 Judge Fite Co.

Listing Agent's Description

Charming, custom home in a great location offers 3 bedrooms, 2 full baths plus a study. Home features crown molding throughout, French doors leading to study, wide doorways, large living room with tray ceiling, wall of windows,& gas log fireplace open to kitchen and dining. Spacious kitchen features ss appliances, beautiful cabinetry, appliance garage, & Corian countertops. Master retreat provides large bedroom, dual vanities, separate shower with bench seat, jetted tub, & walk thru closet. Utility area offers large laundry room with lots of cabinets, counter space,& sink as well as a storage closet.Covered patio&porch allows plenty of room to enjoy the outdoors.Close proximity to hospital,restaurants,& retail.

SEE MORE

MARKET HIGHLIGHTS

  • . 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

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
Wedgeworth Elementary School Primary Regular 749 45 6
Finley Junior High School Middle Regular 882 64 5
Waxahachie High School High Regular 1,985 138 4

Wedgeworth Elementary School

  • Education Level: Primary
  • # of students: 749
  • # of teachers: 45
6
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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,088
Property Tax -$640
Property Insurance -$155
Property Management Fees -$99
CASH FLOW
$7

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.

$295,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.67%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$16,426

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,025

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,7953$1,7954$1,8505$1,990
$1,990
RENT COMPS ANALYSIS
  • 817 Amherst Drive Waxahachie, TX 5
    • 3 beds 2 baths ∙ 2,213 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,213 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.90
    •  
  • 142 Pinto Drive Waxahachie, TX 1
    • 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 2017
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
  • 1570 Wildflower Drive Waxahachie, TX 2
    • 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2003
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.89
    •  
  • 272 Saddlebrook Lane Waxahachie, TX 3
    • 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 2017
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
  • 205 S Hill Drive Waxahachie, TX 4
    • 3 beds 3 baths ∙ 2,116 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,116 Sqft ∙ Built 2002
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
PROPERTY LISTING DETAILS
Hilary Silvers
Century 21 Judge Fite Co.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470160
Last Updated: 11/12/2020
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