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1218 Chaparral Lane Granbury, TX 76048

3 Beds 2 Baths 1,655 sqft Built 1987

$219,900

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $132.87
  • 5 Days on Market
  • MLS # : 14483317
  • Updated Date : 12/10/2020 at 10:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,655 sqft
  • Baths : 2 full
Listing Agent

Texasrealestatesavings.com

Listing Agent's Description

NO FURTHER SHOWINGS. Fantastic home in the much desired South Grove neighborhood of Granbury! Home is in very good condition and has a large den area with a brick wood burning fireplace and tall ceilings! Large master suite and large 2nd bedroom and new roof in Dec 2019! Kitchen is in excellent condition! There is a closed in porch that is not in the sf. Includes a formal dining. Fabulous treed lot with a 30 x 13 outbuilding, which is divided into two sections (see photos). Also includes an attached carport! Very close to town with mature trees and a fenced backyard! Guaranteed to not last long!

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
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$811
Property Tax -$298
Property Insurance -$123
Property Management Fees -$99
CASH FLOW
$179

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.

$219,900

PROJECTED PRICE

$1,510

PROJECTED RENT

0.69%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$811

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$32,433

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,593

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5103$1,5754$1,6955$1,900
$1,900
RENT COMPS ANALYSIS
  • 1218 Chaparral Lane Granbury, TX 2
    • 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.91
    •  
  • 321 Mustang Trail Granbury, TX 1
    • 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1988
    property image
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.94
    •  
  • 1209 4th Street Granbury, TX 3
    • 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1981
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.92
    •  
  • 1111 Dove Hollow Road Granbury, TX 4
    • 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1982
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.95
    •  
  • 501 Panama Court Granbury, TX 5
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1977
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.04
    •  
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 #: 14483317
Last Updated: 12/10/2020
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