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1815 Hunters Court Granbury, TX 76048

4 Beds 3 Baths 1,816 sqft Built 1983

$214,900

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $118.34
  • 5 Days on Market
  • MLS # : 14477137
  • Updated Date : 11/26/2020 at 15:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,816 sqft
  • Baths : 3 full
Listing Agent

Winston Properties, Llc

Listing Agent's Description

Affordable 4 bedroom home with a HUGE inground pool on almost 1 acre! Awesome views of Granbury on Comanche Peak! Updates include newer kitchen with granite countertops and backsplash. 4th bedroom gives many options for any need with its own private bath. Large back yard with plenty of room for entertaining on the recently added covered back patio and a generous sized diving pool! Come see it today!

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
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
 

$193,410$236,390$214,900

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$793
Property Tax -$291
Property Insurance -$132
Property Management Fees -$99
CASH FLOW
$175

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.

$214,900

PROJECTED PRICE

$1,490

PROJECTED RENT

0.69%

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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,699

INVESTMENT

$62,699

Down Payment
$53,725
Rehab Estimate
$5,750
Closing Costs
$3,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,725
Loan Amount $161,175
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$31,487

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,810

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,5003$1,5754$1,700
$1,700
RENT COMPS ANALYSIS
  • 1815 Hunters Court Granbury, TX 1
    • 4 beds 3 baths ∙ 1,816 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,816 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.82
    •  
  • 1107 Sierra Vista Drive Granbury, TX 2
    • 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1981
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.99
    •  
  • 3902 Mountain Vista Drive Granbury, TX 3
    • 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 2001
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.05
    •  
  • 3909 View Point Drive Granbury, TX 4
    • 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 1989
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.95
    •  
PROPERTY LISTING DETAILS
Lachelle Jansen
Winston Properties, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477137
Last Updated: 11/26/2020
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