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1510 Pine Hills Lane Corinth, TX 76210

3 Beds 2 Baths 2,100 sqft Built 2009

$319,900

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $152.33
  • 2 Days on Market
  • MLS # : 14495019
  • Updated Date : 01/09/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,100 sqft
  • Baths : 2 full
Listing Agent

Wasergroup Real Estate Service

Listing Agent's Description

Almost a half acre with mature trees and over 200' of golf course frontage! Updated 3-2-2 with study. Granite in kitchen with breakfast bar, and open to oversized living room. Kitchen, breakfast room, living and master BR all have views of golf course. Living wired for surround sound and rear speakers are in the ceiling. 2020 large deck added. 220 outlet to support a spa. HW floors in bedrooms and tile everywhere else. Recent AC replacement so no worries about R22 expenses. Nest door bell, Ecobee thermostat, flood lights on front and side of house. Neighborhood park and pool PLUS clubhouse dining, tennis and their outdoor pool with full service. If you're tired of seeing tiny yards, this is the one!!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Braewood at Oakmont

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Braewood at Oakmont

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342171

* 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
L.a. Nelson Elementary School Primary Regular 655 43 7
Crownover Middle School Middle Regular 938 59 8
John H. Guyer High School High Regular 2,395 162 8

L.a. Nelson Elementary School

  • Education Level: Primary
  • # of students: 655
  • # of teachers: 43
7
GreatSchools Rating

Crownover Middle School

  • Education Level: Middle
  • # of students: 938
  • # of teachers: 59
8
GreatSchools Rating

John H. Guyer High School

  • Education Level: High
  • # of students: 2,395
  • # of teachers: 162
8
GreatSchools Rating
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,111
Property Tax -$647
Property Insurance -$149
HOA -$74
Property Management Fees -$99
CASH FLOW
-$30

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.

$319,900

PROJECTED PRICE

$2,050

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.7%
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

PROJECTED ANNUAL CASH FLOW

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

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$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,451

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,874

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,799
1$1,7992$1,8703$1,8754$1,9255$2,050
$2,050
RENT COMPS ANALYSIS
  • 1510 Pine Hills Lane Corinth, TX 5
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2009 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.98
    •  
  • 3422 Lipizzan Drive Denton, TX 1
    • 4 beds 2 baths ∙ 2,086 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,086 Sqft ∙ Built 2003
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.86
    •  
  • 3795 Centenary Drive Denton, TX 2
    • 4 beds 2 baths ∙ 1,905 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,905 Sqft ∙ Built 2002
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.98
    •  
  • 3605 Marquette Drive Denton, TX 3
    • 4 beds 2 baths ∙ 2,271 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,271 Sqft ∙ Built 2000
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.83
    •  
  • 5933 Thoroughbred Trail Denton, TX 4
    • 3 beds 3 baths ∙ 2,136 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,136 Sqft ∙ Built 2005
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.90
    •  
PROPERTY LISTING DETAILS
Bryan Waser
Wasergroup Real Estate Service
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495019
Last Updated: 01/09/2021
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