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1423 Blackhawk Circle Granbury, TX 76048

5 Beds 5 Baths 3,056 sqft Built 2003

$550,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $179.97
  • 2 Days on Market
  • MLS # : 14496534
  • Updated Date : 01/09/2021 at 14:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,056 sqft
  • Baths : 3 full , 2 half
Listing Agent

Keller Williams Arlington

Listing Agent's Description

AWESOME WATERFRONT HOME IN A GATED SUBDIVISION! 5 bedroom, 3.2 baths plus a large game room. Little yard maintenance with a small guest house. Fully updated with Crown molding, arched doorways, granite counters, porcelain floors, lots of beautiful casement windows. Spa like baths are updated with designer tile. Guest house, boat dock features 1 boat + jet ski slip and lift. Wonderful upstairs TREK deck & downstairs covered porch, both stretch the full width of the home. Extensive rockwork & landscaping. Absolutely gorgeous view of lake Grandbury & treed hillside.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,910
Property Tax -$745
Property Insurance -$204
HOA -$20
Property Management Fees -$99
CASH FLOW
-$588

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.

$550,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.43%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$750

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,598

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,390
$2,390
RENT COMPS ANALYSIS
  • 1423 Blackhawk Circle Granbury, TX 2
    • 5 beds 5 baths ∙ 3,056 Sqft ∙ Built 2003 5 beds 5 baths ∙ 3,056 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.78
    •  
  • 2413 Pebble Drive Granbury, TX 1
    • 5 beds 4 baths ∙ 2,766 Sqft ∙ Built 1989 5 beds 4 baths ∙ 2,766 Sqft ∙ Built 1989
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.85
    •  
PROPERTY LISTING DETAILS
Jerry Moody
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496534
Last Updated: 01/09/2021
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