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13026 Eagles Nest Drive Whitney, TX 76692

3 Beds 2 Baths 1,925 sqft Built 2005

$370,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $192.21
  • 2 Days on Market
  • MLS # : 14541750
  • Updated Date : 03/27/2021 at 02:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,925 sqft
  • Baths : 2 full
Listing Agent

Bosque Real Estate Inc

Listing Agent's Description

Beautiful Golf Course House in a gated community! This house is sitting on the Golf Course in White Bluff with the purchase of this house you will get 36 rounds of golf, use of the 4 swimming pools, 2 Tennis Courts, Basketball court, access to the fishing ponds, access to the Marina to launch your boat and much more. This house offers three bedrooms with the master on one side of the house and the other two bedrooms on the other side. The kitchen over looks the living room giving you a open concept this kitchen is a cooks dream with counter space galore. The back porch offers a good space to cook out and entertain. Book your showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Zip Code: 76692

ZipNIR Market*CityMarket2010Year2002 Q2201950k60k70k80k90k100k110k120k130kPrice in $47k137k

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

Zip Code: 76692

No Data Available.

* 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
Whitney Intermediate School Primary Regular 347 22 4
Whitney Middle School Middle Regular 340 24 5
Whitney High School High Regular 437 34 5

Whitney Intermediate School

  • Education Level: Primary
  • # of students: 347
  • # of teachers: 22
4
GreatSchools Rating

Whitney Middle School

  • Education Level: Middle
  • # of students: 340
  • # of teachers: 24
5
GreatSchools Rating

Whitney High School

  • Education Level: High
  • # of students: 437
  • # of teachers: 34
5
GreatSchools Rating
 

$333,000$407,000$370,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,285
Property Tax -$717
Property Insurance -$134
HOA -$121
Property Management Fees -$99
CASH FLOW
-$566

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.

$370,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$12

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,617

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,790
$1,790
RENT COMPS ANALYSIS
  • 13026 Eagles Nest Drive Whitney, TX 2
    • 3 beds 2 baths ∙ 1,925 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,925 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.93
    •  
  • 22060 Greenbriar Drive Whitney, TX 1
    • 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 2003
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
PROPERTY LISTING DETAILS
Sabrina Pettigrew
Bosque Real Estate Inc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14541750
Last Updated: 03/27/2021
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