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1609 Native Dancer Way Granbury, TX 76049

4 Beds 3 Baths 2,791 sqft Built 2020

$336,220

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $120.47
  • 8 Days on Market
  • MLS # : 14501483
  • Updated Date : 01/17/2021 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,791 sqft
  • Baths : 3 full
Listing Agent

Century 21 Mike Bowman, Inc.

Listing Agent's Description

NEW CONSTRUCTION IN THE COMMUNITY OF SARATOGA in GRANBURY!!~BUILT & BACKED BY D.R. HORTON-AMERICA'S #1 SELLING HOME BUILDER since 2002*2 Story 4-3-2 Santa Fe Floorplan with Study (Elev H)Est completion February*Open Concept Living,Dining & Kitchen,Seating Island,Abundant Cabinets,Granite Countertops,tiled back splash,W-I Pantry,SS Appliances & undermount Sink*lrg Primary Bedroom down,dual sink Vanity,oversized W-I Shower & W-I Closet*Upstairs Bedroom,Gameroom & full Bath!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 ft priv fenced backyard,sprinkler system,landscape pkg & more!

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
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
 

$302,598$369,842$336,220

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$1,168
Property Tax -$456
Property Insurance -$188
HOA -$33
Property Management Fees -$99
CASH FLOW
$786

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.

$336,220

PROJECTED PRICE

$2,730

PROJECTED RENT

0.81%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,098

INVESTMENT

$91,098

Down Payment
$84,055
Rehab Estimate
$2,000
Closing Costs
$5,043

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,168

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,055
Loan Amount $252,165
See What Happens When You Reinvest Cash Flow

15.58

YEARS SAVED

$88,725

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,730

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,707

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,695
1$2,6952$2,7303$2,950
$2,950
RENT COMPS ANALYSIS
  • 1609 Native Dancer Way Granbury, TX 2
    • 4 beds 3 baths ∙ 2,791 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,791 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $0.98
    •  
  • 600 Lydia Court Granbury, TX 1
    • 4 beds 2 baths ∙ 2,828 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,828 Sqft ∙ Built 2020
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.95
    •  
  • 572 Lydia Lane Granbury, TX 3
    • 4 beds 3 baths ∙ 2,970 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,970 Sqft ∙ Built 2019
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.99
    •  
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 #: 14501483
Last Updated: 01/17/2021
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