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205 P R Renfro Corsicana, TX 75110

3 Beds 2 Baths 1,350 sqft Built 2019

$127,000

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $94.07
  • 2 Days on Market
  • MLS # : 14467543
  • Updated Date : 11/07/2020 at 13:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,350 sqft
  • Baths : 2 full
Listing Agent

Re/max Of Corsicana

Listing Agent's Description

Classic beauty looking for someone to fall in love. 205 PR Renfro is 3 bedrooms, and 2 bathrooms of OMGOODNESS! If high ceilings get you excited, be prepared to be absolutely giddy when you enter the front door. Prepare to be amazed by the lovely floor plan with nice sized bedrooms in a location with easy access to Business 45. Close to Starbucks, Chic-fil-A, downtown Corsicana, parks, and grocery shopping.

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

Zip Code: 75110

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130kPrice in $52k130k

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

Zip Code: 75110

No Data Available.

* 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
Corsicana High School High Regular 1,541 107 4

Corsicana High School

  • Education Level: High
  • # of students: 1,541
  • # of teachers: 107
4
GreatSchools Rating
 

$114,300$139,700$127,000

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$469
Property Tax -$291
Property Insurance -$102
Property Management Fees -$99
CASH FLOW
$300

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$127,000

PROJECTED PRICE

$1,260

PROJECTED RENT

0.99%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 3.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$35,655

INVESTMENT

$35,655

Down Payment
$31,750
Rehab Estimate
$2,000
Closing Costs
$1,905

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$469

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $31,750
Loan Amount $95,250
See What Happens When You Reinvest Cash Flow

14.08

YEARS SAVED

$35,013

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,283

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,260
1$1,2602$1,3003$1,3254$1,3255$1,400
$1,400
RENT COMPS ANALYSIS
  • 205 P R Renfro Corsicana, TX 1
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.93
    •  
  • 1013 G W Jackson Avenue Corsicana, TX 2
    • 4 beds 2 baths ∙ 1,402 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,402 Sqft ∙ Built 2019
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.93
    •  
  • 1005 Gw Jackson Corsicana, TX 3
    • 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 2019
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.95
    •  
  • 1306 G W Jackson Avenue Corsicana, TX 4
    • 4 beds 2 baths ∙ 1,448 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,448 Sqft ∙ Built 2019
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.92
    •  
  • 1001 Gw Jackson Corsicana, TX 5
    • 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 2019
    LEASED 08/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.00
    •  
PROPERTY LISTING DETAILS
Aric Bonner
Re/max Of Corsicana
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467543
Last Updated: 11/07/2020
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