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$542,000

NAL Estimated Property Value

3010 Fm 878, Waxahachie, TX, 75165

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,080 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$384.57 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesGas Cooktop, Gas Oven, Microwave
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size12.60 acres

Building Information

Year Built2022
Stories1
Roof Type105
Garage Spaces3

Land Information

APN99.0574.000.015.00.112
SubdivisionT Jackson
Land UseResidential
Legal Description574 T JACKSON 12.6 ACRES
Census Tract060217
Assessed Land Value$38,989
Assessed Improvement Value$415,859
Assessment Year2025

About this property

This beautiful Elmwood custom home was just completed in 2022 and sits nestled in the trees outside the city limits on 12.6 ag-exempt acres. Approximately 432+- feet of frontage on FM 878. A large front porch, perfect for sitting, welcomes you with modern farmhouse appeal. Hardwood floors throughout this very open floor plan with split bedrooms. Living, dining, & kitchen are all open to each other with built-in cabinetry flanking the ventless electric fireplace in the living area. High ceilings, stainless appliances, large kitchen island with breakfast bar, walk-in pantry, gas cooktop, & sparkling quartz counters in the kitchen that looks out over the back acreage. Oversized master suite features three vanities & dual sinks, as well as a walk-in closet. Whole house generator wired in with a buried propane tank. An additional 100 amp line ready to go if you want to build a shop out back. 11.6 acres currently ag-exempt and leased through January 2025.

Investor Tools

Property Icon
$542,000
Estimated Property Value
$372,729Estimated Mortgage Balance
$169,271Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,799 /month
Positive
Cash Flow Estimate:
$1,600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$610/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,609
$454,848
2025
$38,989
$415,859
$856,859
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,609
$454,848

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$386,000
No
First
Jun 3, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$372,729
$169,271
31%
69%
$2,315/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$2,315/mo
$-343/mo
4.4%

Learn About the Market: Opportunity in Texas

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Explore

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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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Waxahachie

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