$470,000
XXX Water Meadow CT, Waxahachie, TX 75165
Current Rent **
$4,000
Projected Rent **
$4,000
Dallas / Ft Worth, TX MSA (Waxahachie, TX) | $65,000 Net Equity | $24,000 PREPAID Rent
Investment Opportunity + Leaseback:
Asking Price: $470,000
Net Equity: $65,000
Market Value ($535,000) - Asking Price ($470,000) = Net Equity ($65,000)
Total Prepays at Closing: $28,000
Monthly Rent: $4,000 with 6 months of prepaid rent + Deposit
Total rental income: $24,000
5 BD / 4 BA
Sq. Ft: 4263
Lot size (Acres): 0.0996
Year Built: 2019
Seller wants to stay as a tenant
Pre-approved Financing:
80% LTV DSCR Loan
Cash to Close (Estimated) = $125K - $130K
Why buy this property?
Shopping and dining 1.3 Mi
Schools 2.74 Mi
Hospital 7 Mi
Highway 287 .8 Mi
Fire Station 2 Mi
No renovations needed
Low Crime Rate
Investment Potential
Proximity to Work
Good Schools
Community Amenities
Important Purchase Terms:
The information provided about properties is sourced from public records including property card and property tax records. We make no representations of any kind. Buyers are strongly advised to conduct their own due diligence before making an offer. A non-refundable earnest money deposit of 1% of the Asking Price and a signed purchase agreement are required to proceed with an offer. Our standard policy is an 'as is' sale with no contingencies or inspections, unless otherwise specified. Close as soon as the title is ready (approx 7 days). It is our company policy that the buyer pays for all closing costs including the title insurance fee.
DISCLAIMER:
DO NOT CONTACT THE OWNER/SELLER WITHOUT OUR EXPLICIT CONSENT. ANY ATTEMPTS TO RENEGOTIATE OR CONTACT THE SELLER WILL RESULT IN LEGAL ACTION
Location:
XXX Water Meadow CT, Waxahachie, TX 75165
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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