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6901 Eagle Vail Drive Plano, TX 75093

4 Beds 4 Baths 2,773 sqft Built 1997

$479,500

List Price

$2,900

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $172.92
  • 2 Days on Market
  • MLS # : 14490767
  • Updated Date : 01/02/2021 at 11:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,773 sqft
  • Baths : 3 full , 1 half
Listing Agent

Jp & Associates Frisco

Listing Agent's Description

OPEN HOUSE Sunday Jan. 3 from 1-4. Beautifully updated move-in ready house on corner lot with pool and spa. Spacious entry way showcases the Formal DR, Study and Stunning Staircase. Fabulous kitchen with walk in pantry and island flows nicely to Breakfast area and Living Room. Beautiful bamboo wood floors downstairs. Master Suite on 1st floor is large and luxurious with a fully updated Bath. Located in the Hills At Prestonwood Golf Course Community with easy access to Arbor Hills Nature Park, DNT, shopping and plenty of restaurants. This house is clean, UPDATED AND MOVE-IN READY.

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: Hills of Prestonwood

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $123k746k

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

Neighborhood: Hills of Prestonwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263181

* 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
Homestead Elementary School Primary Regular 597 42 8
Arbor Creek Middle School Middle Regular 894 59 8
Hebron High School High Regular 2,458 138 7

Homestead Elementary School

  • Education Level: Primary
  • # of students: 597
  • # of teachers: 42
8
GreatSchools Rating

Arbor Creek Middle School

  • Education Level: Middle
  • # of students: 894
  • # of teachers: 59
8
GreatSchools Rating

Hebron High School

  • Education Level: High
  • # of students: 2,458
  • # of teachers: 138
7
GreatSchools Rating
 

$431,550$527,450$479,500

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$1,769
Property Tax -$836
Property Insurance -$187
HOA -$42
Property Management Fees -$99
CASH FLOW
-$34

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.

$479,500

PROJECTED PRICE

$2,900

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
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-$5.0k$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$132,818

INVESTMENT

$132,818

Down Payment
$119,875
Rehab Estimate
$5,750
Closing Costs
$7,193

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,769

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,875
Loan Amount $359,625
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$25,068

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,900

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $3,036

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9003$3,2004$3,2505$3,500
$3,500
RENT COMPS ANALYSIS
  • 6901 Eagle Vail Drive Plano, TX 2
    • 4 beds 4 baths ∙ 2,773 Sqft ∙ Built 1997 4 beds 4 baths ∙ 2,773 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.05
    •  
  • 3232 Prestonwood Drive Plano, TX 1
    • 3 beds 4 baths ∙ 2,965 Sqft ∙ Built 1997 3 beds 4 baths ∙ 2,965 Sqft ∙ Built 1997
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.98
    •  
  • 6604 Shadow Crest Drive Plano, TX 3
    • 4 beds 3 baths ∙ 2,831 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,831 Sqft ∙ Built 1993
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.13
    •  
  • 6212 W Trace Drive Plano, TX 4
    • 4 beds 3 baths ∙ 2,915 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,915 Sqft ∙ Built 1996
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.11
    •  
  • 6513 Crawley Drive Plano, TX 5
    • 4 beds 3 baths ∙ 3,016 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,016 Sqft ∙ Built 1997
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.16
    •  
PROPERTY LISTING DETAILS
Debra Morrison
Jp & Associates Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490767
Last Updated: 01/02/2021
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