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7826 Corona Court Arlington, TX 76002

4 Beds 2 Baths 2,011 sqft Built 2006

$279,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $138.74
  • 3 Days on Market
  • MLS # : 14525608
  • Updated Date : 03/05/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,011 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

Spacious open concept with two living areas! Kitchen features a large island, gas cooktop, built in microwave and oven, and lots of storage space. Smart home features include Nest thermostat, Rachio 3 sprinkler system and Google Nest Hello doorbell. Fence has been stained and back section of fence was just replaced. Around the corner from Don Misenhimer Park, with sports fields, basketball courts, sand volleyball, pavilion, splash pad and trails.

SEE MORE

MARKET HIGHLIGHTS

  • 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

Neighborhood: The Crossing at Ruidosa

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k248k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: The Crossing at Ruidosa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10221893

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Janet Brockett Elementary School Primary Regular 649 43 5
James Coble Middle School Middle Regular 884 55 7
Mansfield Timberview High School High Regular 1,657 94 5

Janet Brockett Elementary School

  • Education Level: Primary
  • # of students: 649
  • # of teachers: 43
5
GreatSchools Rating

James Coble Middle School

  • Education Level: Middle
  • # of students: 884
  • # of teachers: 55
7
GreatSchools Rating

Mansfield Timberview High School

  • Education Level: High
  • # of students: 1,657
  • # of teachers: 94
5
GreatSchools Rating
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$969
Property Tax -$604
Property Insurance -$143
HOA -$52
Property Management Fees -$99
CASH FLOW
$13

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.

$279,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$969

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$12,380

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,880

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,865

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,8253$1,8504$1,8505$1,880
$1,880
RENT COMPS ANALYSIS
  • 7826 Corona Court Arlington, TX 5
    • 4 beds 2 baths ∙ 2,011 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,011 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.93
    •  
  • 7923 Mourning Dove Drive Arlington, TX 1
    • 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 2001
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.95
    •  
  • 617 Crownpoint Lane Arlington, TX 2
    • 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2004
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.89
    •  
  • 7924 Copper Canyon Drive Arlington, TX 3
    • 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 2002
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.95
    •  
  • 7815 Corona Court Arlington, TX 4
    • 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 2006
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
PROPERTY LISTING DETAILS
Anna Ray
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14525608
Last Updated: 03/05/2021
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