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1428 Seabiscuit Drive Granbury, TX 76049

4 Beds 2 Baths 1,681 sqft Built 2020

$286,370

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $170.36
  • 1 Days on Market
  • MLS # : 14501467
  • Updated Date : 01/17/2021 at 00:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,681 sqft
  • Baths : 2 full
Listing Agent

Century 21 Mike Bowman, Inc.

Listing Agent's Description

BEAUTIFUL NEW HOME IN THE FABULOUS COMMUNITY OF SARATOGA in GRANBURY & GRANBURY ISD!!~BUILT & BACKED BY D.R. HORTON-AMERICA'S #1 SELLING HOME BUILDER since 2002!!*Popular single Story 4-2-2 with Study, Hobbs Floorplan~(Elev F)~Est completion February*Open Concept Living,Dining & Kitchen with Seating Island,36 inch Cabinets,tiled back splash,SS Appliances & W-I Pantry*Lrg Primary Bedroom with dual sink Vanity,over sized Shower & W-I Closet with built-ins*Home is Connected Technology*Designer included tiled Entry,Halls & Wet areas*Covered back Patio,Gutters,15 SEER HVAC Heat Pump,Low E double pane vinyl windows,Radiant Barrier,6 foot privacy fenced backyard,sprinkler system,landscape pkg & much more!

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: 76049

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $96k250k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 76049

ZipNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

* 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
Acton Elementary School Primary Regular 727 40 6
Acton Middle School Middle Regular 821 48 6
Granbury High School High Regular 1,414 115 6

Acton Elementary School

  • Education Level: Primary
  • # of students: 727
  • # of teachers: 40
6
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
 

$257,733$315,007$286,370

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$995
Property Tax -$388
Property Insurance -$124
HOA -$33
Property Management Fees -$99
CASH FLOW
-$109

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.

$286,370

PROJECTED PRICE

$1,530

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.8%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,888

INVESTMENT

$77,888

Down Payment
$71,593
Rehab Estimate
$2,000
Closing Costs
$4,296

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$995

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,593
Loan Amount $214,778
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$7,210

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,492

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,3953$1,5304$1,5495$1,600
$1,600
RENT COMPS ANALYSIS
  • 1428 Seabiscuit Drive Granbury, TX 3
    • 4 beds 2 baths ∙ 1,681 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,681 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.91
    •  
  • 4422 Bobbie Ann Drive Granbury, TX 1
    • 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2005
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.86
    •  
  • 210 Bobbie Ann Court Granbury, TX 2
    • 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2005
    property image
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.86
    •  
  • 4000 Sapphire Lane Granbury, TX 4
    • 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 2004
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.95
    •  
  • 203 Jacinth Lane Granbury, TX 5
    • 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 2002
    property image
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.88
    •  
PROPERTY LISTING DETAILS
Stephen Kahn
Century 21 Mike Bowman, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14501467
Last Updated: 01/17/2021
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