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1004 Bandera Trail Granbury, TX 76048

3 Beds 2 Baths 1,538 sqft Built 2017

$249,900

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $162.48
  • 2 Days on Market
  • MLS # : 14505341
  • Updated Date : 01/23/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,538 sqft
  • Baths : 2 full
Listing Agent

Texasrealestatesavings.com

Listing Agent's Description

Beautiful like new builder's home on over 1 acre in Indian Harbor! Gorgeous stone, brick, and stucco exterior! Vaulted ceilings in the den with an open floor plan to the beautiful kitchen with granite countertops, glass backsplash, knotty alder stained cabinets with full extension drawers and soft close doors, and stainless appliances! Tray ceiling in master! Extended covered back porch with a rock patio, and a treed setting in back! You will love it!

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

Zip Code: 76048

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $82k243k

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

Zip Code: 76048

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9991734

* 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
Mambrino Elementary School Primary Regular 563 34 5
Granbury Middle School Middle Regular 711 50 4
Granbury High School High Regular 1,414 115 6

Mambrino Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 34
5
GreatSchools Rating

Granbury Middle School

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 50
4
GreatSchools Rating

Granbury High School

  • Education Level: High
  • # of students: 1,414
  • # of teachers: 115
6
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$868
Property Tax -$339
Property Insurance -$116
HOA -$25
Property Management Fees -$99
CASH FLOW
$223

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.

$249,900

PROJECTED PRICE

$1,670

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$32,964

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,673

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,6504$1,6705$1,850
$1,850
RENT COMPS ANALYSIS
  • 1004 Bandera Trail Granbury, TX 4
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $1.09
    •  
  • 4103 N Chisholm Trail Granbury, TX 1
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 2000
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.13
    •  
  • 1310 W Chippewa Trail Granbury, TX 2
    • 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2007
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 4103 Goliad Drive Granbury, TX 3
    • 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 2008
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.13
    •  
  • 4001 Iron Horse Trail Granbury, TX 5
    • 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 2008
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.06
    •  
PROPERTY LISTING DETAILS
Greg Willis
Texasrealestatesavings.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505341
Last Updated: 01/23/2021
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