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1510 Joshua Way Granbury, TX 76048

4 Beds 3 Baths 2,604 sqft Built 2014

$509,900

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $195.81
  • 2 Days on Market
  • MLS # : 14536850
  • Updated Date : 03/20/2021 at 12:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,604 sqft
  • Baths : 2 full , 1 half
Listing Agent

Granbury Realty, Llc

Listing Agent's Description

Perfectly located beautiful custom home on TWO Lots in the prestigious Josiah Estates. 4 bedrooms, 2.5 bath, office, sun room,3 car garage, pool, spa and extra parking for your RV, boats, ATVs and other toys! Located in the small gated community of Josiah Estates in the heart of Granbury. You will feel at home the moment you walk in the front door! The large open floor plan is perfect for entertaining and family living! Oversized kitchen opens to the living area and gives ease of access to the outdoor living area. Split bedrooms, abundant storage and upgrades throughout! Large sun room overlooks the pool and spa. Backs up to Harbor Lakes Golf Course. Minutes from shopping, entertainment and dining.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

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
Brawner Intermediate School Primary Regular 413 27 4
Acton Middle School Middle Regular 821 48 6
Granbury High School High Regular 1,414 115 6

Brawner Intermediate School

  • Education Level: Primary
  • # of students: 413
  • # of teachers: 27
4
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
 

$458,910$560,890$509,900

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$1,771
Property Tax -$691
Property Insurance -$178
HOA -$63
Property Management Fees -$99
CASH FLOW
-$311

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.

$509,900

PROJECTED PRICE

$2,490

PROJECTED RENT

0.49%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,874

INVESTMENT

$140,874

Down Payment
$127,475
Rehab Estimate
$5,750
Closing Costs
$7,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,475
Loan Amount $382,425
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$6,390

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,715

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,325
1$2,3252$2,3503$2,4504$2,4905$3,000
$3,000
RENT COMPS ANALYSIS
  • 1510 Joshua Way Granbury, TX 4
    • 4 beds 3 baths ∙ 2,604 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,604 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.96
    •  
  • 1707 Troon Court Granbury, TX 1
    • 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2017
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $1.00
    •  
  • 2101 Clive Drive Granbury, TX 2
    • 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2018
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.01
    •  
  • 1730 Rockview Drive Granbury, TX 3
    • 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2019
    LEASED 02/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.05
    •  
  • 1210 Mallard Way Granbury, TX 5
    • 3 beds 3 baths ∙ 2,694 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,694 Sqft ∙ Built 1998
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.11
    •  
PROPERTY LISTING DETAILS
Lisamarie Sheck
Granbury Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536850
Last Updated: 03/20/2021
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