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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $96.11
- 3 Days on Market
- MLS # : 14472017
- Updated Date : 11/20/2020 at 21:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,133 sqft
- Baths : 2 full
Listing Agent
Keller Williams Arlington
Listing Agent's Description
Look no more! This fabulous 3 bedroom home has it all! Located towards the end of Northwood Blvd in a wonderful neighborhood just minutes from downtown Corsicana. Walk in to an open foyer and see the large galley style kitchen with dining area. Massive living room has brick, corner fireplace and double doors leading out to the large covered patio and sprawling backyard. Master bedroom is oversized with sitting area or room for office space. Attached master bath has separate vanities, walk in shower and jetted tub. Each of the other bedrooms offer large closets. Recent foundation work offers lifetime transferrable warranty. Roof replaced in 2019 and plumbing has been replaced as well. Come see it today!
SEE MORE
- 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)
- # 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)
PRICE & RENT TRENDS
Zip Code: 75110
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75110
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$756 |
| Property Tax | -$469 | |
| Property Insurance | -$146 | |
| 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 14% of earned rent to cover both maintenance and periods of vacancy.
$205,000
PROJECTED PRICE
$1,490
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 4.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.00% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$60,075
LOAN DETAILS
$756
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $51,250 |
| Loan Amount | $153,750 |
3.42
YEARS SAVED
$7,088
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$1,621
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
1604 Northwood Boulevard Corsicana, TX 2
- 3 beds 2 baths ∙ 2,133 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,133 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $1,490
- $0.70
-
501 Dobbins Road Corsicana, TX 1
- 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 1970
LEASED 07/08/20- Rent
- Rent Per SQFT
- $1,350
- $0.69
-
1708 Lexington Circle Corsicana, TX 3
- 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 1970
LEASED 11/17/19- Rent
- Rent Per SQFT
- $1,500
- $0.65
-
409 Forrest Lane Corsicana, TX 4
- 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 1970
LEASED 11/25/19- Rent
- Rent Per SQFT
- $1,800
- $0.94
PROPERTY LISTING DETAILS
Keller Williams Arlington
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14472017
Last Updated: 11/20/2020
