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200 Grey Eagle Drive Shreveport, LA 71115

3 Beds 3 Baths 2,790 sqft Built 2007

$329,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $117.92
  • 2 Days on Market
  • MLS # : 280387NL
  • Updated Date : 03/19/2021 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,790 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Gosslee

Listing Agent's Description

Not like the others !Take note of extras included here! Solar Panels, Premium oversize lot. Granite counter tops-kitchen, all baths*Bay window in downstairs owner suite & larger closet*kitchen has extended counter & extra cabinets*Hobby or exercise room upstairs*Walk in attic*plantation shutters in den*HOME OFFICE*Extended dual sink vanity upstairs*Large front porch*guest parking & common area across the street providing more privacy*Stainless appliances*Water bill included in HOA*exterior scheduled to be painted*Tandem Garage allows space for 3rd car or boat*No flood insurance required*Home exterior to be painted 2021*Great location*no neighbors directly across the street*24 hr security*ponds for fishing

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

Zip Code: 71115

ZipNIR Market*CityMarket2010Year2004 Q3201980k90k100k110k120k130k140k150k160k170k180k190kPrice in $73k198k

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

Zip Code: 71115

ZipNIR Market*CityMarket2015Year2009 Q32019 Q29001000110012001300140015001600Rent in $8481698

* 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
Claiborne Fundamental Elementary School Primary Magnet 401 26 10
Caddo Middle Magnet Middle Magnet 1,281 65 10
Caddo Parish Magnet High School High Magnet 1,122 69 9

Claiborne Fundamental Elementary School

  • Education Level: Primary
  • # of students: 401
  • # of teachers: 26
10
GreatSchools Rating

Caddo Middle Magnet

  • Education Level: Middle
  • # of students: 1,281
  • # of teachers: 65
10
GreatSchools Rating

Caddo Parish Magnet High School

  • Education Level: High
  • # of students: 1,122
  • # of teachers: 69
9
GreatSchools Rating
 

$296,100$361,900$329,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,143
Property Tax -$421
Property Insurance -$80
HOA -$206
Property Management Fees -$99
CASH FLOW
$92

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$329,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 1.39%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 9.82%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$5,375

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,897

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,040
$2,040
RENT COMPS ANALYSIS
  • 200 Grey Eagle Drive Shreveport, LA 2
    • 3 beds 3 baths ∙ 2,790 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,790 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.73
    •  
  • 8005 Captain Mary Miller Drive Shreveport, LA 1
    • 3 beds 2 baths ∙ 2,940 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,940 Sqft ∙ Built 2002
    LEASED 03/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.68
    •  
PROPERTY LISTING DETAILS
Dotti Bryant
Coldwell Banker Gosslee
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 280387NL
Last Updated: 03/19/2021
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