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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $132.34
- 3 Days on Market
- MLS # : 14477603
- Updated Date : 11/27/2020 at 20:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,078 sqft
- Baths : 2 full , 1 half
Listing Agent
Ebby Halliday, Realtors
Listing Agent's Description
Fantastic home in Corinth with spacious living & no HOA! Master suite down & two nice sized bedrooms up with walk-in closets & a large bathroom to share. Upstairs loft living area is set as a fun billiard's room...sellers are leaving the pool table, billiard light, & darts...if the buyer wants them! Open living room downstairs with wet bar connecting to formal dining. Kitchen with breakfast bar, Lazy Susan, & recently updated SS dishwasher. Second dining room is currently used as an office with a built-in desk. Half bath for guests downstairs. Great large backyard for hosting backs up to trees and LDHS baseball field, so no back neighbors! Sellers leaving storage shed, raised garden boxes, & patio tent awning.
SEE MORE
- 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)
- # 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)
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 | $1,690 |
| EXPENSES | Loan Payment | -$1,015 |
| Property Tax | -$556 | |
| Property Insurance | -$147 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$127
|
||
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.
$275,000
PROJECTED PRICE
$1,690
PROJECTED RENT
0.61%
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) | 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
$78,625
LOAN DETAILS
$1,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
2.42
YEARS SAVED
$6,126
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,690
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,901
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
3187 Meadowview Drive Corinth, TX 1
- 3 beds 3 baths ∙ 2,078 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,078 Sqft ∙ Built 1986
![property image]()
- Rent
- Rent Per SQFT
- $1,690
- $0.81
-
2402 Whetstone Drive Corinth, TX 2
- 4 beds 2 baths ∙ 2,138 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,138 Sqft ∙ Built 1996
![property image]()
LEASED 12/02/19- Rent
- Rent Per SQFT
- $1,795
- $0.84
-
3207 Cliff Oaks Drive Corinth, TX 3
- 4 beds 2 baths ∙ 1,984 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,984 Sqft ∙ Built 1997
![property image]()
LEASED 07/03/19- Rent
- Rent Per SQFT
- $1,800
- $0.91
-
3200 Mason Avenue Corinth, TX 4
- 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 1999
![property image]()
LEASED 10/20/20- Rent
- Rent Per SQFT
- $1,899
- $0.98
-
2713 Tori Oak Trail Corinth, TX 5
- 4 beds 2 baths ∙ 2,263 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,263 Sqft ∙ Built 2002
![property image]()
LEASED 06/25/20- Rent
- Rent Per SQFT
- $2,095
- $0.93
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14477603
Last Updated: 11/27/2020
