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Owner Contacts

$841,000

NAL Estimated Property Value

1940 E Highland Rd, Waxahachie, TX, 75167

Off Market

9 Beds

5 Bath

3,100 Sq Ft

$274.19 / sqft

Built in 1996

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 9

Bathrooms Full 2

Bathrooms Half 3

Heating Central

Cooling

AppliancesMicrowave, Other, Refrigerator, Electric Water Heater, Gas Water Heater

FlooringVinyl, Wood

Exterior

Exterior FeaturesDog Run, Storage

Lot Size8 acres

Building Information

Year Built1996

Stories2

Roof Type105

Garage Spaces10

Land Information

APN90.2735.000.005.00.112

Lot Number5

SubdivisionBlue Sky Ranch

Land UseResidential

Legal DescriptionLOT 5 BLUE SKY RANCH 8.0000 AC

Census Tract060209

Assessed Land Value$300,000

Assessed Improvement Value$199,427

Assessment Year2025

About this property

Stunning 9-Bedroom Estate on 8 Acres – Prime Investment or Dream Home! Discover this incredible 9-bedroom, 5-bathroom three-story estate, perfectly positioned on 8 acres just off I-35 in Waxahachie, TX. Currently operating as a successful Airbnb/short-term rental, this expansive home is an ideal investment opportunity or a dream retreat for a large family. Boasting over three stories of spacious living, this property offers endless possibilities. Relax on the wraparound porch or enjoy breathtaking views from the top deck. Outdoor enthusiasts will love the 30-amp and 50-amp RV hookups, as well as the dog kennel for furry friends. Whether you’re looking to continue its profitable use or transform it into a private estate, this property offers the best of both worlds—privacy, convenience, and unlimited potential. Just minutes from Waxahachie’s historic downtown, shopping, dining, and entertainment, with easy access to Dallas and Fort Worth. Don’t miss out on this rare gem—schedule a showing today!

Investor Tools

$841,000

Estimated Property Value

$195,787Estimated Mortgage Balance

$645,213Estimated Equity

76% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,100 /month

Positive

Cash Flow Estimate:

$1,700 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,175/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$9,891

$499,427

2025

$300,000

$199,427

$499,427

Tax History

Year

Tax Paid

Assessed Value

2024

$9,891

$499,427

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Quicken Loans Inc

Conventional

$227,000

First

Jun 21, 2019

Jul 2049

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$195,787

$645,213

76%

23%

$1,361/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,190/mo

$1,361/mo

+$1,829/mo

4.6%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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