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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $141.09
- 3 Days on Market
- MLS # : 14488181
- Updated Date : 12/18/2020 at 14:18
CONSTRUCTION
- Beds : 4
- Floor Size : 2,339 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
3D TOUR AVAILABLE. FANTASTIC 4 BED 2.5 BATH HOME ON OVERSIZED LOT IN GREAT LOCATION! Family room has brand new installed Luxury Vinyl Plank Flooring (Dec 2020). Spacious Kitchen boasts fresh painted upper and lower cabinets, Granite counters, SS appliances including gas cooktop with new dishwasher. First floor Master Retreat is equipped with HUGE walk in closet. Massive game room upstairs has built ins and secondary bedrooms are spacious. Relax on the extended covered back patio overlooking oversized backyard. Large shed out back has ample storage. New Roof (2018), New Water Heater (2020) and fence replaced (2016).
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
Neighborhood: Post Oak Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Post Oak Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,218 |
| Property Tax | -$656 | |
| Property Insurance | -$162 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$173
|
||
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.
$330,000
PROJECTED PRICE
$2,000
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$93,200
LOAN DETAILS
$1,218
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
2.17
YEARS SAVED
$5,999
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,017
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
3119 Juneau Drive Corinth, TX 3
- 4 beds 3 baths ∙ 2,339 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,339 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $2,000
- $0.86
-
1707 Falcon Drive Corinth, TX 1
- 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 1998
LEASED 04/06/20- Rent
- Rent Per SQFT
- $1,895
- $0.87
-
3300 Juneau Drive Corinth, TX 2
- 4 beds 2 baths ∙ 2,393 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,393 Sqft ∙ Built 2004
LEASED 10/11/19- Rent
- Rent Per SQFT
- $1,995
- $0.83
-
3112 Mason Avenue Corinth, TX 4
- 4 beds 3 baths ∙ 2,483 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,483 Sqft ∙ Built 1998
LEASED 07/03/20- Rent
- Rent Per SQFT
- $2,100
- $0.85
-
1810 Manchester Way Corinth, TX 5
- 4 beds 2 baths ∙ 2,431 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,431 Sqft ∙ Built 2000
LEASED 04/30/20- Rent
- Rent Per SQFT
- $2,200
- $0.90
PROPERTY LISTING DETAILS
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488181
Last Updated: 12/18/2020
