Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
It's free, with no obligation
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
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14477603
Last Updated: 11/27/2020