Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7017 Talon Drive Fort Worth, TX 76179

4 Beds 4 Baths 2,679 sqft Built 2021

$435,900

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $162.71
  • 3 Days on Market
  • MLS # : 14525095
  • Updated Date : 03/05/2021 at 10:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,679 sqft
  • Baths : 3 full , 1 half
Listing Agent

Social Realty, Llc

Listing Agent's Description

From Graham Hart Home Builder. Your family's oasis is nestled within the walls of this beautiful contemporary home. Wake up in the sanctuary of the first-floor owner's-retreat while the kids enjoy their own space on the second floor. The expansive game room is the place to indulge in favorite pastimes and hang out with neighborhood friends. Of course, the great room is the true hub of family life with an open-concept floor plan that allows everyone to gather together. Host holiday celebrations reminiscent of a forgotten time where everyone stays late chatting around the communal table. In this home, you'll create the memories to treasure for years to come.

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
 

$392,310$479,490$435,900

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,514
Property Tax -$1,061
Property Insurance -$182
HOA -$54
Property Management Fees -$99
CASH FLOW
-$940

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$435,900

PROJECTED PRICE

$1,970

PROJECTED RENT

0.45%

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) 3.00%
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-$16k-$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$117,514

INVESTMENT

$117,514

Down Payment
$108,975
Rehab Estimate
$2,000
Closing Costs
$6,539

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,514

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,975
Loan Amount $326,925
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$68

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,956

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,799
1$1,7992$1,8403$1,8504$1,8955$1,970
$1,970
RENT COMPS ANALYSIS
  • 7017 Talon Drive Fort Worth, TX 5
    • 4 beds 4 baths ∙ 2,679 Sqft ∙ Built 2021 4 beds 4 baths ∙ 2,679 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.74
    •  
  • 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 02/24/21
    • 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
James Cianelli
Social Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14525095
Last Updated: 03/05/2021
BESbswy