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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $100.31
- 2 Days on Market
- MLS # : 14488689
- Updated Date : 12/19/2020 at 14:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,296 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty Frisco
Listing Agent's Description
BEAUTIFUL HOME READY TO MOVE IN! This completely remodeled home three bedrooms, two full baths, beautiful flooring in living area, dinning & kitchen, granite countertops, very beautiful details trough out the house, celling fans in all bedrooms & living room, very good size back yard to customize to your liking. This home has so much to offer in the beautiful city of Corsicana, only a few minutes from Downtown and shopping areas. This home won't last long, you must see!
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
Zip Code: 75110
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75110
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,250 |
| EXPENSES | Loan Payment | -$480 |
| Property Tax | -$298 | |
| Property Insurance | -$99 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$275
|
||
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.
$130,000
PROJECTED PRICE
$1,250
PROJECTED RENT
0.96%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 4.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.00% |
| 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
$40,200
LOAN DETAILS
$480
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $32,500 |
| Loan Amount | $97,500 |
12.5
YEARS SAVED
$29,990
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,250
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,309
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
817 S 29th Street Corsicana, TX 1
- 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1987
![property image]()
- Rent
- Rent Per SQFT
- $1,250
- $0.96
-
1800 N 26th Street Corsicana, TX 2
- 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1976
![property image]()
LEASED 03/23/20- Rent
- Rent Per SQFT
- $1,600
- $1.01
PROPERTY LISTING DETAILS
Coldwell Banker Realty Frisco
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488689
Last Updated: 12/19/2020
