Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1627 S Chisholm Trail Granbury, TX 76048

4 Beds 3 Baths 2,041 sqft Built 2002

$299,995

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $146.98
  • 2 Days on Market
  • MLS # : 14499505
  • Updated Date : 01/16/2021 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,041 sqft
  • Baths : 3 full
Listing Agent

Elevate Realty Group

Listing Agent's Description

Lakeview country retreat on the hill surrounded by the lake! Incredible views of Lake Granbury from master and backyard. Wooded, private, rock garden with incredible perennial landscaping and variety of wildlife. Peach trees, blackberries, grapes, pecan tree. Large deck, fire pit in woodland area on lower level. Tons of updates including new floors, all new appliances, new water heater, new HVAC with both master bedrooms zoned, total of 3 zones, upstairs space finished with additional bedroom, full bath, tons of storage and sitting area, could be 2nd master or man cave! Custom built 12x16 storage barn. Great friendly neighborhood, women's and men's clubs and 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: 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
Mambrino Elementary School Primary Regular 563 34 5
Granbury Middle School Middle Regular 711 50 4
Granbury High School High Regular 1,414 115 6

Mambrino Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 34
5
GreatSchools Rating

Granbury Middle School

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 50
4
GreatSchools Rating

Granbury High School

  • Education Level: High
  • # of students: 1,414
  • # of teachers: 115
6
GreatSchools Rating
 

$269,996$329,995$299,995

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,042
Property Tax -$406
Property Insurance -$145
HOA -$25
Property Management Fees -$99
CASH FLOW
$52

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.

$299,995

PROJECTED PRICE

$1,770

PROJECTED RENT

0.59%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$85,249

INVESTMENT

$85,249

Down Payment
$74,999
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,999
Loan Amount $224,996
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$19,377

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,306

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,770
1$1,7702$2,3003$2,3754$2,6505$2,695
$2,695
RENT COMPS ANALYSIS
  • 1627 S Chisholm Trail Granbury, TX 1
    • 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.87
    •  
  • 2511 Christine Drive Granbury, TX 2
    • 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2019
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.11
    •  
  • 3905 Chippewa Court Granbury, TX 3
    • 4 beds 2 baths ∙ 2,069 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,069 Sqft ∙ Built 2019
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.15
    •  
  • 4003 Pueblo Granbury, TX 4
    • 4 beds 2 baths ∙ 2,370 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,370 Sqft ∙ Built 2019
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.12
    •  
  • 4007 Pueblo Court Granbury, TX 5
    • 4 beds 2 baths ∙ 2,370 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,370 Sqft ∙ Built 2019
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.14
    •  
PROPERTY LISTING DETAILS
Kay Simms Vern
Elevate Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14499505
Last Updated: 01/16/2021
BESbswy