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1308 E Apache Trail Granbury, TX 76048

3 Beds 2 Baths 2,138 sqft Built 2021

$325,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $152.01
  • 2 Days on Market
  • MLS # : 14458744
  • Updated Date : 12/12/2020 at 11:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,138 sqft
  • Baths : 2 full
Listing Agent

Winston Properties, Llc

Listing Agent's Description

PROPOSED CONSTRUCTION! Built by Granbury premier builder Stella Rose Homes, this home is the Lindsey Plan which offers a fresh design with modern conveniences. Split bedroom floor plan with study, custom cabinets, granite counters, stainless steel appliances, large walk-in shower w frameless glass, free-standing tub, coffered ceiling in LR-Dining-Kitchen, sleek electric fireplace, 8ft entry door. Abundant amount of windows provide plenty of natural light. Large covered patio, perfect for entertaining guests at a summer cookout. The attractive exterior & custom interior finishes are sure to impress! Located in a guarded & gated lakeside community conveniently located near medical, shopping, restaurants, etc.

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
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
 

$292,500$357,500$325,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,199
Property Tax -$440
Property Insurance -$151
HOA -$25
Property Management Fees -$99
CASH FLOW
$336

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$325,000

PROJECTED PRICE

$2,250

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) 3.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,125

INVESTMENT

$88,125

Down Payment
$81,250
Rehab Estimate
$2,000
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

10.83

YEARS SAVED

$63,742

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,288

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2503$2,3004$2,3755$2,550
$2,550
RENT COMPS ANALYSIS
  • 1308 E Apache Trail Granbury, TX 2
    • 3 beds 2 baths ∙ 2,138 Sqft ∙ Built 2021 3 beds 2 baths ∙ 2,138 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.05
    •  
  • 1008 W Apache Trail Granbury, TX 1
    • 4 beds 2 baths ∙ 2,254 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,254 Sqft ∙ Built 2019
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.00
    •  
  • 4009 Ponca Drive Granbury, TX 3
    • 3 beds 2 baths ∙ 2,191 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,191 Sqft ∙ Built 2020
    property image
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.05
    •  
  • 3905 Chippewa Court Granbury, TX 4
    • 4 beds 2 baths ∙ 2,069 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,069 Sqft ∙ Built 2019
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.15
    •  
  • 4007 Pueblo Granbury, TX 5
    • 4 beds 2 baths ∙ 2,370 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,370 Sqft ∙ Built 2019
    property image
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.08
    •  
PROPERTY LISTING DETAILS
Laura Life
Winston Properties, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14458744
Last Updated: 12/12/2020
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