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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $103.40
- 4 Days on Market
- MLS # : 14515839
- Updated Date : 02/12/2021 at 16:11
CONSTRUCTION
- Beds : 4
- Floor Size : 3,056 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Dallas Midtown
Listing Agent's Description
Beautifully Updated and ready for move in! This stunning 3056sf specious home boasts 4 beds & 2.5 baths! As you enter you will find 2 Living rooms with a beautiful see-through fireplace, 2 dining rooms, Large open kitchen with gas cooktop and an oversized walk in pantry, half bath & a large utility room! 2nd floor has a large game room, huge master with an oversized walk in closet, split floor plan with 3 bedrooms & a guest bathroom! Home has been recently updated including NEW Granite counter tops, Fresh paint throughout, New toilets, New faucets, New furnace, 2 New AC units & more! Back yard is great size, perfect for entertaining and has a large storage shed! Home is priced to sell and won't last long!
SEE MORE
- . 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: Fairview Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fairview Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,180 |
| EXPENSES | Loan Payment | -$1,098 |
| Property Tax | -$639 | |
| Property Insurance | -$204 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$141
|
||
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.
$316,000
PROJECTED PRICE
$2,180
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$89,490
LOAN DETAILS
$1,098
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $79,000 |
| Loan Amount | $237,000 |
6.58
YEARS SAVED
$25,159
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,180
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$2,391
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
3101 Brookview Drive Corinth, TX 3
- 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $2,180
- $0.71
-
1993 Hayden Lane Corinth, TX 1
- 4 beds 4 baths ∙ 2,998 Sqft ∙ Built 2000 4 beds 4 baths ∙ 2,998 Sqft ∙ Built 2000
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,100
- $0.70
-
2727 Windstone Way Corinth, TX 2
- 4 beds 3 baths ∙ 2,899 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,899 Sqft ∙ Built 1997
LEASED 08/03/20- Rent
- Rent Per SQFT
- $2,100
- $0.72
-
111 Northfield Circle Hickory Creek, TX 4
- 4 beds 3 baths ∙ 2,797 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,797 Sqft ∙ Built 2003
LEASED 09/03/19- Rent
- Rent Per SQFT
- $2,500
- $0.89
-
2105 Glen Manor Road Corinth, TX 5
- 4 beds 3 baths ∙ 3,181 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,181 Sqft ∙ Built 2004
LEASED 01/27/21- Rent
- Rent Per SQFT
- $2,600
- $0.82
PROPERTY LISTING DETAILS
Keller Williams Dallas Midtown
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14515839
Last Updated: 02/12/2021
