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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $156.60
- 6 Days on Market
- MLS # : 14498444
- Updated Date : 01/12/2021 at 12:10
CONSTRUCTION
- Beds : 4
- Floor Size : 3,795 sqft
- Baths : 4 full , 1 half
Listing Agent
Homesusa.com
Listing Agent's Description
MLS# 14498444 - Built by First Texas Homes - March completion! ~ Beautiful open floor plan with a stunning spiral staircase overlooking a large family room, beautiful fireplace. This home features a gourmet kitchen and butlers pantry with stainless steel appliances, a five burner gas cooktop, double convection ovens and plenty of additional storage. Entertainers will love this large lot and extended covered patio to sit back and relax with the peaceful view!
SEE MORE
- # 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
Zip Code: 76210
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76210
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,790 |
| EXPENSES | Loan Payment | -$2,064 |
| Property Tax | -$1,182 | |
| Property Insurance | -$246 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$851
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$594,304
PROJECTED PRICE
$2,790
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.8% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.93% |
| 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
$159,491
LOAN DETAILS
$2,064
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $148,576 |
| Loan Amount | $445,728 |
0
YEARS SAVED
$22
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,790
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$2,808
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
2110 Venice Corinth, TX 2
- 4 beds 5 baths ∙ 3,795 Sqft ∙ Built 2020 4 beds 5 baths ∙ 3,795 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $2,790
- $0.74
-
3327 Andalusian Drive Denton, TX 1
- 5 beds 4 baths ∙ 3,759 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,759 Sqft ∙ Built 2004
![property image]()
LEASED 06/02/20- Rent
- Rent Per SQFT
- $2,500
- $0.67
-
1115 Ardglass Trail Corinth, TX 3
- 4 beds 4 baths ∙ 3,837 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,837 Sqft ∙ Built 2015
![property image]()
LEASED 10/09/20- Rent
- Rent Per SQFT
- $3,100
- $0.81
PROPERTY LISTING DETAILS
Homesusa.com
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14498444
Last Updated: 01/12/2021
