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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $191.71
- 5 Days on Market
- MLS # : 14489669
- Updated Date : 12/24/2020 at 11:55
CONSTRUCTION
- Beds : 3
- Floor Size : 1,387 sqft
- Baths : 2 full
Listing Agent
Magnolia Realty
Listing Agent's Description
NEWLY RENOVATED! Situated in prestigious Pecan Plantation this charming three bedroom, two baths, two-car garage with golf cart addition beauty offers an open living and dining concept, granite counters, stainless steel appliances, woodgrain tile flooring, crown molding, and decorative lighting. The master suite features a vaulted ceiling, luxurious spa tub, separate shower, and coveted his and her walk-in closets. The large back area is perfect for entertaining everyone and open to multiple possibilities. Fall in love with the privacy Pecan has to offer its elite members and enjoy a multitude of amenities to intrigue the entire family. 5-minute golf cart ride to all the amazing amenities pecan has to offer!
SEE MORE
- . 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: Pecan Plantation
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pecan Plantation
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,380 |
| EXPENSES | Loan Payment | -$981 |
| Property Tax | -$360 | |
| Property Insurance | -$107 | |
| HOA | -$162 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$330
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$265,900
PROJECTED PRICE
$1,380
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$76,214
LOAN DETAILS
$981
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,475 |
| Loan Amount | $199,425 |
0.33
YEARS SAVED
$200
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,382
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
10213 Ravenswood Road Granbury, TX 1
- 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $1,380
- $0.99
-
6817 Westover Drive Granbury, TX 2
- 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1973
LEASED 12/21/20- Rent
- Rent Per SQFT
- $1,400
- $0.88
-
10316 Ravenswood Road Granbury, TX 3
- 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1986
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,600
- $1.00
-
9002 Hickory Hill Drive Granbury, TX 4
- 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1986
LEASED 10/15/20- Rent
- Rent Per SQFT
- $1,900
- $1.11
PROPERTY LISTING DETAILS
Magnolia Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14489669
Last Updated: 12/24/2020
