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9237 Flying Eagle Lane Fort Worth, TX 76131

4 Beds 3 Baths 2,371 sqft Built 2017

$299,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $126.11
  • 4 Days on Market
  • MLS # : 14455209
  • Updated Date : 11/04/2020 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,371 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

Beautiful, meticulously kept 4 bedroom, 2.5 bath smart home with wonderful updates! Wood floors throughout main downstairs living areas! Open floor plan living, kitchen & breakfast area! Beautiful corner gas fireplace! Open kitchen with granite counters, SS appliances & breakfast bar! Spacious downstairs master suite with double sinks, garden tub, separate shower & large walk-in closet! Half bath downstairs for guests! Upstairs offers a large GAME ROOM! Much of the attic floored. Covered patio. Wonderful community pool, splash pad, playground, & basketball court! Close to shopping and schools.

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

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Comanche Springs Elementary School Primary Regular 586 34 5
Prairie Vista Middle School Middle Regular 866 53 5
Saginaw High School High Regular 1,785 113 6

Comanche Springs Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 34
5
GreatSchools Rating

Prairie Vista Middle School

  • Education Level: Middle
  • # of students: 866
  • # of teachers: 53
5
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,103
Property Tax -$685
Property Insurance -$164
HOA -$54
Property Management Fees -$99
CASH FLOW
-$6

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$299,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$14,415

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,175

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9003$2,1004$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 9237 Flying Eagle Lane Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
  • 9040 Bronze Meadow Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 2017
    property image
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.93
    •  
  • 10125 Haversham Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 2,164 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,164 Sqft ∙ Built 2017
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.88
    •  
  • 9004 Bronze Meadow Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 2018
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.97
    •  
  • 8721 Antelope Flat Lane Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 2020
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.89
    •  
PROPERTY LISTING DETAILS
Thomas Davis
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14455209
Last Updated: 11/04/2020
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