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PROPERTY INFO
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
- . 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 | $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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$88,125
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
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
-
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
Winston Properties, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14458744
Last Updated: 12/12/2020
