Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1810 Glen Aerie Lane Corinth, TX 76210

3 Beds 3 Baths 2,454 sqft Built 2001

$325,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $132.44
  • 3 Days on Market
  • MLS # : 14461084
  • Updated Date : 11/01/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,454 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

GREAT FEATURES, IMMACULATE CONDITION, AWESOME BACKYARD!! Located in prestigious Oakmont, this 3 bed 2.1 bath boasts Austin stone front exterior, Open floor plan, huge living, beautiful stone FP, study-office and 2 dining areas, recessed lighting, surround sound setup in main living area, huge master bath, lots of attached shelving in garage, tall ceilings, ring doorbell, dry bar, and more. Outside features a nice landscaped yard and boasts a large front covered porch, oversized patio with retractable cover, waterfall in back and nice storage building. Roof replaced in September 2020, new gutters, new ac in 2018 with transferrable warranty coverage until 2028. Prime location near golf course, schools, and I35!

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Eagle Pass at Oakmont

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Eagle Pass at Oakmont

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10092246

* 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
Hawk Elementary School Primary Regular 726 46 8
Crownover Middle School Middle Regular 938 59 8
John H. Guyer High School High Regular 2,395 162 8

Hawk Elementary School

  • Education Level: Primary
  • # of students: 726
  • # of teachers: 46
8
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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,199
Property Tax -$657
Property Insurance -$169
HOA -$27
Property Management Fees -$99
CASH FLOW
-$251

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.

$325,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.8%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,532

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,068

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,9003$2,0504$2,1505$2,195
$2,195
RENT COMPS ANALYSIS
  • 1810 Glen Aerie Lane Corinth, TX 2
    • 3 beds 3 baths ∙ 2,454 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,454 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.77
    •  
  • 3605 Marquette Drive Denton, TX 1
    • 4 beds 2 baths ∙ 2,271 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,271 Sqft ∙ Built 2000
    property image
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.83
    •  
  • 2212 Knob Hill Drive Corinth, TX 3
    • 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 1998
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.79
    •  
  • 1724 Tealwood Lane Corinth, TX 4
    • 4 beds 2 baths ∙ 2,401 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,401 Sqft ∙ Built 1999
    property image
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.90
    •  
  • 1119 Postwood Drive Corinth, TX 5
    • 3 beds 2 baths ∙ 2,571 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,571 Sqft ∙ Built 1999
    property image
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.85
    •  
PROPERTY LISTING DETAILS
Brad Mckissack
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461084
Last Updated: 11/01/2020
BESbswy