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7000 Golden Eagle Road Fort Worth, TX 76179

5 Beds 3 Baths 2,223 sqft Built 2019

$364,900

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $164.15
  • 2 Days on Market
  • MLS # : 14513657
  • Updated Date : 02/06/2021 at 04:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,223 sqft
  • Baths : 3 full
Listing Agent

Newstream Realty

Listing Agent's Description

LIKE NEW, 1 owner, Gehan home, built in 2019. 5 bedrooms, 3 full bathrooms, & 3 car garage on a large corner lot! SO MANY upgrades! Wood floors through the living area & kitchen, granite counters, extended covered patio with sun deck, & a view of the lake! Large, private, owner's retreat has upgraded bay window that overlooks the backyard, dual sinks, separate shower, deep garden tub, & large walk-in closet. 2 secondary bedrooms are on the East side with full bath between them, & 2 more bedrooms on the West side with full bath between. Large living room is open to dining area & magnificent kitchen. Tall, 42in upper cabinets for lots of storage, breakfast bar on the island, & upgraded backsplash. Marvelous home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

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
 

$328,410$401,390$364,900

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,267
Property Tax -$837
Property Insurance -$156
HOA -$33
Property Management Fees -$99
CASH FLOW
-$482

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.

$364,900

PROJECTED PRICE

$1,910

PROJECTED RENT

0.52%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,449

INVESTMENT

$102,449

Down Payment
$91,225
Rehab Estimate
$5,750
Closing Costs
$5,474

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,267

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,225
Loan Amount $273,675
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$24

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,823

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,5953$1,7504$1,8455$1,910
$1,910
RENT COMPS ANALYSIS
  • 7000 Golden Eagle Road Fort Worth, TX 5
    • 5 beds 3 baths ∙ 2,223 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,223 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.86
    •  
  • 6333 Spring Ranch Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,970 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,970 Sqft ∙ Built 2012
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.81
    •  
  • 6512 Chalk River Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 2004
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.79
    •  
  • 6220 Granite Creek Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,096 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,096 Sqft ∙ Built 2008
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.83
    •  
  • 7341 Chambers Lane Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 2003
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.85
    •  
PROPERTY LISTING DETAILS
Timothy Nystrom
Newstream Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14513657
Last Updated: 02/06/2021
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