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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $176.60
- 2 Days on Market
- MLS # : 14526860
- Updated Date : 03/06/2021 at 14:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,350 sqft
- Baths : 2 full , 1 half
Listing Agent
Century 21 Property Advisors
Listing Agent's Description
Elegant traditional home with EXTRAORDINARY attention to details throughout. This immaculate, tastefully updated home is located in the highly sought after Water's Edge subdivision. This beauty features open concept living with split floor plan, stunning hardwood floors, beautiful crown molding, vaulted ceilings and a gas fireplace for those chilly nights. Master retreat offers two closets, garden tub & walk in shower. Work from home in this nice size home office. GREAT backyard for entertaining family and friends. Relax under the covered patio or in the pool with spa. This home also has a well for watering the yard & filling the pool. Conveniently located to shopping and the Historical Downtown Granbury.
SEE MORE
- 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
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 | $2,280 |
| EXPENSES | Loan Payment | -$1,441 |
| Property Tax | -$562 | |
| Property Insurance | -$163 | |
| HOA | -$6 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$8
|
||
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.
$415,000
PROJECTED PRICE
$2,280
PROJECTED RENT
0.55%
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) | 8.00% |
| 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
$115,725
LOAN DETAILS
$1,441
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
5.17
YEARS SAVED
$22,110
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,280
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$2,385
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
1000 Cliff Swallow Drive Granbury, TX 2
- 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $2,280
- $0.97
-
1108 Canvasback Drive Granbury, TX 1
- 3 beds 3 baths ∙ 2,010 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,010 Sqft ∙ Built 1989
LEASED 11/12/19- Rent
- Rent Per SQFT
- $2,000
- $1.00
-
1400 Carnoustie Court Granbury, TX 3
- 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 4
- 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 5
- 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 #: 14526860
Last Updated: 03/06/2021
