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600 Eagle Court Keller, TX 76248

4 Beds 4 Baths 3,324 sqft Built 1998

$499,900

List Price

$3,380

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $150.39
  • 4 Days on Market
  • MLS # : 14465842
  • Updated Date : 11/06/2020 at 10:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,324 sqft
  • Baths : 4 full
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Immaculately maintained & updated home on a culdesac lot in the Retreat of Hidden Lakes. This gorgeous 4 bedroom home with 4 full baths & 3-car garage has been well cared for. Island kitchen with granite counters, stainless appliances, walk-in pantry, and painted white cabinetry. High quality plantation shutters throughout home. Beautiful yard has been impeccably cared for. Formal living and formal dining areas allow plenty of room for entertaining. Elegant curved staircase with iron rods leads to upstairs gameroom. All bedrooms are upstairs with each bedroom having direct access to a bathroom. Beautiful neutral colors throughout. Enjoy coffee under the covered patio in the backyard. This home is exceptional!

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

Zip Code: 76248

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Zip Code: 76248

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262728

* 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 Intermediate School Primary Regular 781 42 9
Bear Creek Intermediate School Middle Regular 781 42 9
Keller High School High Regular 2,645 145 10

Bear Creek Intermediate School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 42
9
GreatSchools Rating

Bear Creek Intermediate School

  • Education Level: Middle
  • # of students: 781
  • # of teachers: 42
9
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students: 2,645
  • # of teachers: 145
10
GreatSchools Rating
 

$449,910$549,890$499,900

PURCHASE PRICE

$3,042$3,718$3,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,380
EXPENSES Loan Payment -$1,844
Property Tax -$1,049
Property Insurance -$219
HOA -$55
Property Management Fees -$99
CASH FLOW
$113

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.

$499,900

PROJECTED PRICE

$3,380

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.5%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,844

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$36,966

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,380

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $3,424

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$3,350
1$3,3502$3,3803$3,3994$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 600 Eagle Court Keller, TX 2
    • 4 beds 4 baths ∙ 3,324 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,324 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $3,380
    • $1.02
    •  
  • 526 Arcadia Drive Keller, TX 1
    • 4 beds 4 baths ∙ 3,424 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,424 Sqft ∙ Built 2001
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $0.98
    •  
  • 3008 Crestwater Ridge Keller, TX 3
    • 4 beds 4 baths ∙ 3,185 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,185 Sqft ∙ Built 2016
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,399
    • $1.07
    •  
  • 2416 Creekwood Court Keller, TX 4
    • 4 beds 3 baths ∙ 3,374 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,374 Sqft ∙ Built 2002
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.04
    •  
  • 505 Ironwood Drive Keller, TX 5
    • 4 beds 4 baths ∙ 3,383 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,383 Sqft ∙ Built 2000
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.03
    •  
PROPERTY LISTING DETAILS
Kim Assaad
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465842
Last Updated: 11/06/2020
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