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1617 Crow Creek Drive Granbury, TX 76049

4 Beds 4 Baths 3,126 sqft Built 2007

$549,900

List Price

$2,680

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $175.91
  • 4 Days on Market
  • MLS # : 14474490
  • Updated Date : 11/21/2020 at 20:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,126 sqft
  • Baths : 3 full , 1 half
Listing Agent

Tabor Real Estate

Listing Agent's Description

Beautiful home with many upgrades. Open living, hand scraped wood floors, granite countertops, large island, tons of kitchen cabinets, floor to ceiling fireplace, huge bonus room on 2nd floor. Gorgeous heated pool with attached hot tub. Property has a view of Lake Granbury and deeded boat slip at marina. New roof July 2020. Spacious storm shelter!

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
 

$494,910$604,890$549,900

PURCHASE PRICE

$2,412$2,948$2,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,680
EXPENSES Loan Payment -$2,029
Property Tax -$745
Property Insurance -$208
HOA -$33
Property Management Fees -$99
CASH FLOW
-$434

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.

$549,900

PROJECTED PRICE

$2,680

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.8%
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$10k

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$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$5,469

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,680

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,928

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,680
1$2,6802$2,7503$2,8004$2,850
$2,850
RENT COMPS ANALYSIS
  • 1617 Crow Creek Drive Granbury, TX 1
    • 4 beds 4 baths ∙ 3,126 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,126 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $0.86
    •  
  • 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
Kevin White
Tabor Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474490
Last Updated: 11/21/2020
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