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1516 Lady Amber Lane Granbury, TX 76049

5 Beds 3 Baths 3,128 sqft Built 2000

INVESTimate

$459,000

List Price

$2,500

$2,250 - $2,750

Rent Est.

$485,393  ( +5.75%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2000
  • Price/Sqft : $146.74
  • 9 Days on Market
  • MLS # : 14415850
  • Updated Date : 08/19/2020 at 04:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,128 sqft
  • Baths : 3 full
Listing Agent

Texas Connect Realty, Llc

Listing Agent's Description

Beautiful home with amazing country life views. Home sits on 1.13 acres huge corner lot perfect for enjoying the Texas sunset.This home has a gorgeous sparkling pool perfect for relaxing after a long day. Along with this home comes a spacious workshop that could be used as storage or a place to build things. In addition to these incredible exterior features , this home is full of interior details that make this home stand out. This home includes 5 spacious bedrooms and 3 full bathrooms as well as 2 dining areas and a huge living room. The master is on one end of the down stairs living area, great for privacy. There is tons of storage throughout this awesome home as well as wood and tile flooring throughout.

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: 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
Oak Woods Intermediate School Primary Regular 593 31 7
Acton Middle School Middle Regular 821 48 6
Granbury High School High Regular 1,414 115 6

Oak Woods Intermediate School

  • Education Level: Primary
  • # of students: 593
  • # of teachers: 31
7
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
 

$413,100$504,900$459,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,694
Property Tax -$622
Property Insurance -$208
HOA -$153
Property Management Fees -$99
CASH FLOW
-$275

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.

$459,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.75%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,694

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$7,623

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,930

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7503$2,8004$2,850
$2,850
RENT COMPS ANALYSIS
  • 1516 Lady Amber Lane Granbury, TX 1
    • 5 beds 3 baths ∙ 3,128 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,128 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.80
    •  
  • 1501 Lady Amber Lane Granbury, TX 2
    • 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2019
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.95
    •  
  • 2301 Wills Way Drive Granbury, TX 3
    • 4 beds 3 baths ∙ 2,803 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,803 Sqft ∙ Built 2020
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.00
    •  
  • 2313 E Emerald Bend Court Granbury, TX 4
    • 4 beds 3 baths ∙ 3,299 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,299 Sqft ∙ Built 2008
    LEASED 12/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.86
    •  
PROPERTY LISTING DETAILS
Terri Harris
Texas Connect Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415850
Last Updated: 08/19/2020
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