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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $146.60
- 4 Days on Market
- MLS # : 14479882
- Updated Date : 12/03/2020 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,489 sqft
- Baths : 3 full
Listing Agent
Century 21 Property Advisors
Listing Agent's Description
Stunning New Construction by AWARD WINNING BUILDER...AL COUTO HOMES! This fantastic home is centrally located into town, just minutes from shopping, dining & medical! The features include 4 split bedrooms, beautiful granite island kitchen with stainless appliances, opening living-dining-kitchen layout, custom crown molding & trim, wood look tile in main living areas, master suite with separate granite vanities, garden tub, separate oversized shower & great walk-in closet. 4th bedroom has its own en-suite bath & walk-in closet. The utility room has locker shelves in front, cabinets, sink, room for fridge, & spacious! The backyard has a nice covered patio with tons of privacy! Highly efficient features!
SEE MORE
- 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)
- . 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)
PRICE & RENT TRENDS
Zip Code: 76048
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76048
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,550 |
| EXPENSES | Loan Payment | -$1,346 |
| Property Tax | -$494 | |
| Property Insurance | -$171 | |
| HOA | -$35 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$404
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$364,888
PROJECTED PRICE
$2,550
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 5.4% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,695
LOAN DETAILS
$1,346
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $91,222 |
| Loan Amount | $273,666 |
11.33
YEARS SAVED
$74,836
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,550
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$2,501
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
1000 Anna Circle Granbury, TX 5
- 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $2,550
- $1.02
-
1401 Carnoustie Court Granbury, TX 1
- 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2017
LEASED 11/27/19- Rent
- Rent Per SQFT
- $2,250
- $0.96
-
1400 Carnoustie Court Granbury, TX 2
- 3 beds 2 baths ∙ 2,193 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,193 Sqft ∙ Built 2017
LEASED 04/16/20- Rent
- Rent Per SQFT
- $2,300
- $1.05
-
1707 Troon Court Granbury, TX 3
- 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2017
LEASED 03/06/20- Rent
- Rent Per SQFT
- $2,325
- $1.00
-
2101 Clive Drive Granbury, TX 4
- 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2018
LEASED 10/13/20- Rent
- Rent Per SQFT
- $2,350
- $1.01
PROPERTY LISTING DETAILS
Century 21 Property Advisors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14479882
Last Updated: 12/03/2020
