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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $162.59
- 3 Days on Market
- MLS # : 14488379
- Updated Date : 12/19/2020 at 12:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,660 sqft
- Baths : 2 full
Listing Agent
Lake Cities Realty
Listing Agent's Description
Very nice 3 bedroom with inground pool, newish roof, newish ac compressor, new carpet and paint. Kitchen has tiled floor, granite countertops and SS appliances. Dining room has laminate flooring. Window coverings, surround sound wiring, six panel interior doors, garage door opener, huge deck around the pool and more. Vacant and easy to show.
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: Corinthian Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Corinthian Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,740 |
| EXPENSES | Loan Payment | -$996 |
| Property Tax | -$546 | |
| Property Insurance | -$123 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$23
|
||
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.
$269,900
PROJECTED PRICE
$1,740
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 7.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$77,274
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
4.17
YEARS SAVED
$12,524
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,739
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
3226 Syracuse Drive Corinth, TX 4
- 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $1,740
- $1.05
-
3203 Athens Drive Corinth, TX 1
- 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1997
LEASED 09/09/20- Rent
- Rent Per SQFT
- $1,600
- $1.04
-
2706 Vistaview Drive Corinth, TX 2
- 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 1987
LEASED 09/10/20- Rent
- Rent Per SQFT
- $1,675
- $1.11
-
3511 Glenview Drive Corinth, TX 3
- 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 1985
LEASED 02/14/20- Rent
- Rent Per SQFT
- $1,700
- $1.03
-
2515 Mountainview Drive Corinth, TX 5
- 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1994
LEASED 12/14/20- Rent
- Rent Per SQFT
- $1,750
- $1.01
PROPERTY LISTING DETAILS
Lake Cities Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488379
Last Updated: 12/19/2020
