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6917 Talon Drive Fort Worth, TX 76179

4 Beds 3 Baths 2,782 sqft Built 2017

$409,999

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $147.38
  • 4 Days on Market
  • MLS # : 14507984
  • Updated Date : 01/30/2021 at 18:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,782 sqft
  • Baths : 3 full
Listing Agent

Texas Property Brokers, Llc

Listing Agent's Description

4-3-2 LOCATED IN NEWER SUBDIVISION.2 MASTER SUITES.LANDSCAPED WITH SPRINKLER SYSTEM.STORAGE BUILDING.FIREPLACE ON BACK PATIO.SELLER SDAYS HIME HAS ABOUT 30K IN UPGRADES.PRICED WAY BELOW NEW BUILDS IN THAT PLAN.STAINLESS STEEL APPLIANCES.BREAKFAST BAR,ISLAND WITH GRANITE TOPS.VAULTED CEILINGS WITH FANS. 4 DOORS DOWN FROM COMMUNITY P[OOL WHICH HAS VIEW OF LAKE. THIS IS A MUST SEE

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: Eagle Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Eagle Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
Lake Pointe Elementary School Primary Regular 664 35 8
Creekview Middle School Middle Regular 801 47 7
Boswell High School High Regular 1,605 106 7

Lake Pointe Elementary School

  • Education Level: Primary
  • # of students: 664
  • # of teachers: 35
8
GreatSchools Rating

Creekview Middle School

  • Education Level: Middle
  • # of students: 801
  • # of teachers: 47
7
GreatSchools Rating

Boswell High School

  • Education Level: High
  • # of students: 1,605
  • # of teachers: 106
7
GreatSchools Rating
 

$368,999$450,999$409,999

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,424
Property Tax -$940
Property Insurance -$188
HOA -$54
Property Management Fees -$99
CASH FLOW
-$715

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.

$409,999

PROJECTED PRICE

$1,990

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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 100% 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 $307,499
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$20

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,031

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,799
1$1,7992$1,8403$1,8504$1,8955$1,990
$1,990
RENT COMPS ANALYSIS
  • 6917 Talon Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.72
    •  
  • 7125 Little Mohican Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2007
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.73
    •  
  • 6341 Eagles Rest Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2005
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.73
    •  
  • 7221 Wavecrest Way Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2018
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.73
    •  
  • 6276 Topsail Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 2018
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.73
    •  
PROPERTY LISTING DETAILS
Mark Long
Texas Property Brokers, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507984
Last Updated: 01/30/2021
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