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PROPERTY INFO
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
- . 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
* 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 | $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
| 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
$64,024
LOAN DETAILS
$811
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $54,975 |
| Loan Amount | $164,925 |
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
-
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
Texasrealestatesavings.com
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14483317
Last Updated: 12/10/2020
