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9220 Alma Court Waxahachie, TX 75167

3 Beds 2 Baths 2,311 sqft Built 2016

$374,990

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $162.26
  • 5 Days on Market
  • MLS # : 14516847
  • Updated Date : 02/13/2021 at 12:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,311 sqft
  • Baths : 2 full
Listing Agent

Sixteen100 Realty, Llc

Listing Agent's Description

Come see this beauty before is gone!!! Like new, in the Midlothian ISD. Beautiful 3 bedroom, 2 bathrooms, office space, dinning area, and a three car garage. This home has been well maintain, ready to moving! It was equipped with a storm shelter for the protection of your loved ones. It also has custom shutters throughout the common areas, and keyless door locks. It sits on an beautiful acre lot with plenty of space to expand or build your dreamed backyard. Plus this home is outside the city limit, no city taxes.

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

Neighborhood: La Vista Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $116k336k

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

Neighborhood: La Vista Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10122358

* 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
Dolores Mcclatchey Elementary School Primary Regular NA
Walnut Grove Middle School Middle Regular 1,014 55 8
Heritage High School High Regular NA

Dolores Mcclatchey Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Walnut Grove Middle School

  • Education Level: Middle
  • # of students: 1,014
  • # of teachers: 55
8
GreatSchools Rating

Heritage High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$337,491$412,489$374,990

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,302
Property Tax -$627
Property Insurance -$161
HOA -$22
Property Management Fees -$99
CASH FLOW
$20

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.

$374,990

PROJECTED PRICE

$2,230

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.8%
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$1.2M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,122

INVESTMENT

$105,122

Down Payment
$93,748
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,302

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,748
Loan Amount $281,243
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$19,269

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,280

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1503$2,2304$2,350
$2,350
RENT COMPS ANALYSIS
  • 9220 Alma Court Waxahachie, TX 3
    • 3 beds 2 baths ∙ 2,311 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,311 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.96
    •  
  • 6421 Quail Valley Drive Midlothian, TX 1
    • 4 beds 2 baths ∙ 2,328 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,328 Sqft ∙ Built 2005
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.90
    •  
  • 6606 Thistle Wood Drive Midlothian, TX 2
    • 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 2012
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.04
    •  
  • 6614 Thistle Wood Drive Midlothian, TX 4
    • 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 2013
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.02
    •  
PROPERTY LISTING DETAILS
Arnaldo Rivera
Sixteen100 Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14516847
Last Updated: 02/13/2021
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