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9932 Lone Eagle Drive Fort Worth, TX 76108

4 Beds 2 Baths 1,574 sqft Built 1985

$195,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $123.89
  • 3 Days on Market
  • MLS # : 14471004
  • Updated Date : 11/13/2020 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,574 sqft
  • Baths : 2 full
Listing Agent

Garner Realty Group

Listing Agent's Description

Great starter home or multigenerational family home with four bedrooms including two master bedrooms. All new windows, new sliding glass door for backyard access, fresh exterior and interior paint throughout! Great location! Close to schools, easy access to shopping, dining and highways.

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: Legacy Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $86k243k

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

Neighborhood: Legacy Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $9001734

* 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
North Elementary School Primary Regular 840 44 6
Brewer Middle School Middle Regular 986 55 6
Brewer Middle School High Regular 986 55 6

North Elementary School

  • Education Level: Primary
  • # of students: 840
  • # of teachers: 44
6
GreatSchools Rating

Brewer Middle School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating

Brewer Middle School

  • Education Level: High
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$719
Property Tax -$447
Property Insurance -$118
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.

$195,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 12.4%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$10,719

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,440

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3903$1,4504$1,4505$1,475
$1,475
RENT COMPS ANALYSIS
  • 9932 Lone Eagle Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,574 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,574 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.88
    •  
  • 120 Callender Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1986
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.84
    •  
  • 129 Callender Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1986
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.92
    •  
  • 9824 Pack Saddle Trail Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 2001
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.97
    •  
  • 9809 Pack Saddle Trail Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2002
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.93
    •  
PROPERTY LISTING DETAILS
Elliot Garner
Garner Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471004
Last Updated: 11/13/2020
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