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2207 Eagles Nest Drive Euless, TX 76039

3 Beds 2 Baths 1,850 sqft Built 2004

$345,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $186.49
  • 3 Days on Market
  • MLS # : 14472709
  • Updated Date : 12/12/2020 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,850 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Stunning low maintenance David Weekley garden home nestled in the gated centrally located community of Little Bear. Fall in love with the attention to detail that's sure to impress with beautiful hardwood floors, extensive crown molding and a soft neutral color palette. Hosting is a breeze in this open concept floor plan. The spacious kitchen overlooks the light and bright family room highlighted by a gas fireplace and wall of windows overlooking the fenced yard. Storage galore with an additional 105 sq. ft. of heated and cooled attic space. Take full advantage of this lock and leave lifestyle with exterior maintenance provided, a charming walking trail and fountain pond and within minutes to Exemplary schools.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Little Bear

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k374k

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

Neighborhood: Little Bear

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9932577

* 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
Bear Creek Elementary School Primary Regular 765 49 7
Heritage Middle School Middle Regular 922 51 9
Heritage Middle School High Regular 922 51 9

Bear Creek Elementary School

  • Education Level: Primary
  • # of students: 765
  • # of teachers: 49
7
GreatSchools Rating

Heritage Middle School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 51
9
GreatSchools Rating

Heritage Middle School

  • Education Level: High
  • # of students: 922
  • # of teachers: 51
9
GreatSchools Rating
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,273
Property Tax -$670
Property Insurance -$134
HOA -$106
Property Management Fees -$99
CASH FLOW
-$282

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.

$345,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,213

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,993

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8953$2,0004$2,0005$2,150
$2,150
RENT COMPS ANALYSIS
  • 2207 Eagles Nest Drive Euless, TX 4
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.08
    •  
  • 121 Canterbury Street Euless, TX 1
    • 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 1992
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.06
    •  
  • 104 Goldenrain Tree Drive Euless, TX 2
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2003
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.07
    •  
  • 200 Goldenrain Tree Drive Euless, TX 3
    • 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 2003
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.11
    •  
  • 507 Allen Drive Euless, TX 5
    • 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 1990
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.07
    •  
PROPERTY LISTING DETAILS
Letitia Sivils
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14472709
Last Updated: 12/12/2020
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