Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1026 Sunset Bay Court Granbury, TX 76048

4 Beds 4 Baths 2,952 sqft Built 2012

INVESTimate

$619,999

List Price

$2,510

$2,260 - $2,760

Rent Est.

$653,169  ( +5.35%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $210.03
  • 6 Days on Market
  • MLS # : 14418374
  • Updated Date : 08/22/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,952 sqft
  • Baths : 2 full , 2 half
Listing Agent

Re/max Trinity

Listing Agent's Description

Incredible Texas Tuscan estate in the gated lake community of Catalina Bay. Situated on nearly half acre corner lot, this Chris Thomas custom home has it all. The outdoor living spaces offer breathtaking views of the pool and lake. Master retreat is generously sized with water views. Master bath boasts sep vanities, walk in shower, spa tub, and enormous closet with access to utility rm. Gourmet kitchen features deco lighting, high end granite, large pantry, gas cooking, ample storage and prep space. Large family room is anchored by stone fp and architectural details. Laundry is a dream with tons of storage, mud bench and desk. Upstairs Game room with half bath is accessible through the garage. Welcome home!

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

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
Brawner Intermediate School Primary Regular 413 27 4
Acton Middle School Middle Regular 821 48 6
Granbury High School High Regular 1,414 115 6

Brawner Intermediate School

  • Education Level: Primary
  • # of students: 413
  • # of teachers: 27
4
GreatSchools Rating

Acton Middle School

  • Education Level: Middle
  • # of students: 821
  • # of teachers: 48
6
GreatSchools Rating

Granbury High School

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

$557,999$681,999$619,999

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$2,288
Property Tax -$840
Property Insurance -$198
HOA -$100
Property Management Fees -$99
CASH FLOW
-$1,014

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.

$619,999

PROJECTED PRICE

$2,510

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.35%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$170,050

INVESTMENT

$170,050

Down Payment
$155,000
Rehab Estimate
$5,750
Closing Costs
$9,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $155,000
Loan Amount $464,999
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$34

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,834

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5103$2,800
$2,800
RENT COMPS ANALYSIS
  • 1026 Sunset Bay Court Granbury, TX 2
    • 4 beds 4 baths ∙ 2,952 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,952 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $0.85
    •  
  • 2306 Marseilles Court Granbury, TX 1
    • 3 beds 3 baths ∙ 2,783 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,783 Sqft ∙ Built 2005
    LEASED 04/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.88
    •  
  • 1210 Mallard Way Granbury, TX 3
    • 3 beds 3 baths ∙ 2,694 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,694 Sqft ∙ Built 1998
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.04
    •  
PROPERTY LISTING DETAILS
Casey Jacocks
Re/max Trinity
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418374
Last Updated: 08/22/2020
BESbswy