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6314 Eagle Creek Drive Flower Mound, TX 75028

4 Beds 3 Baths 3,025 sqft Built 1997

$410,000

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $135.54
  • 3 Days on Market
  • MLS # : 14500090
  • Updated Date : 01/16/2021 at 11:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,025 sqft
  • Baths : 3 full
Listing Agent

E 5 Realty

Listing Agent's Description

Multiple offers received. All offer send in by 1-17 4 PM. Beautifully updated home features engineered hardwood flooring throughout, hand scrapped white oak hardwood flooring on the stairs. The chef in your family will love this gorgeous Kitchen featuring stainless steel appliances, granite countertops, an island and plenty of cabinets and counter space. Upstairs features a master bedroom with updated master bathroom and walk-in closet, a second living area can be used as a game room and watch your favorite movies in the entertainment room. Guest room downstair and also be used as a office. Backyard features a BOB fence; you will have plenty of privacy while you relax and unwind on your backyard patio.

SEE MORE

MARKET HIGHLIGHTS

  • # 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

Neighborhood: Country Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k402k

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

Neighborhood: Country Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262573

* 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
Prairie Trail Elementary School Primary Regular 609 41 8
Lamar Middle School Middle Regular 764 51 9
Marcus High School High Regular 2,439 151 8

Prairie Trail Elementary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 41
8
GreatSchools Rating

Lamar Middle School

  • Education Level: Middle
  • # of students: 764
  • # of teachers: 51
9
GreatSchools Rating

Marcus High School

  • Education Level: High
  • # of students: 2,439
  • # of teachers: 151
8
GreatSchools Rating
 

$369,000$451,000$410,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$1,424
Property Tax -$708
Property Insurance -$202
HOA -$32
Property Management Fees -$99
CASH FLOW
$125

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.

$410,000

PROJECTED PRICE

$2,590

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$29,323

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,738

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5903$2,6954$2,7505$2,945
$2,945
RENT COMPS ANALYSIS
  • 6314 Eagle Creek Drive Flower Mound, TX 2
    • 4 beds 3 baths ∙ 3,025 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,025 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $0.86
    •  
  • 6212 Coldwater Flower Mound, TX 1
    • 4 beds 3 baths ∙ 2,990 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,990 Sqft ∙ Built 1999
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.80
    •  
  • 2412 Conroe Court Flower Mound, TX 3
    • 3 beds 3 baths ∙ 2,873 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,873 Sqft ∙ Built 2003
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.94
    •  
  • 2508 Blue Ridge Trail Flower Mound, TX 4
    • 4 beds 3 baths ∙ 3,025 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,025 Sqft ∙ Built 1998
    property image
    LEASED 01/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.91
    •  
  • 2305 Conroe Court Flower Mound, TX 5
    • 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 2001
    property image
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,945
    • $0.97
    •  
PROPERTY LISTING DETAILS
Eddie Nadwodny
E 5 Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500090
Last Updated: 01/16/2021
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