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213 Granada Calle Street 
Granbury, TX
76049
3 Beds 3 Baths 2,906 sqft
Built 1999
INVESTimate
$524,900
List Price
$144,849
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PROPERTY INFO
FACTS
- Built In 1999
- Price/Sqft : $180.63
- 3 Days on Market
- MLS # : 14419166
- Updated Date : 08/25/2020 at 09:29
CONSTRUCTION
- Beds : 3
- Floor Size : 2,906 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Lake Granbury
Listing Agent's Description
Waterfront just minutes from historic Granbury Square! Set back from road for privacy the large front yard & mature landscape frame this Cape Cod styled home Open concept living, dining & kitchen look out over back yard through wall of windows. Updated kitchen- granite counters, center island & electric cooktop with grill. SunRoom off dining area has more windows to enjoy the view. Master has updated bath, dual sinks & separate walk in closets Upper level- 2 bedrooms, jack-n-jill bath & game room -accessed from garage stairs or through attic.Back of home has screened & open patio, large trees, additional storage-workshop with electric.Large trees provide beautiful shaded area that leads to the dock w boat lift
SEE MORE
- . 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: 76049
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76049
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,170 |
| EXPENSES | Loan Payment | -$1,937 |
| Property Tax | -$711 | |
| Property Insurance | -$178 | |
| HOA | -$13 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$767
|
||
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.
$524,900
PROJECTED PRICE
$2,170
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| 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
INVESTMENT
$144,849
LOAN DETAILS
$1,937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $131,225 |
| Loan Amount | $393,675 |
0.17
YEARS SAVED
$77
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,170
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,508
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
213 Granada Calle Street Granbury, TX 1
- 3 beds 3 baths ∙ 2,606 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,606 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $2,170
- $0.83
-
339 Paddle Boat Drive Granbury, TX 2
- 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2017
LEASED 03/04/20- Rent
- Rent Per SQFT
- $2,300
- $0.99
-
343 Paddle Boat Drive Granbury, TX 3
- 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 2015
LEASED 11/20/19- Rent
- Rent Per SQFT
- $2,350
- $0.92
-
3307 Ferry Boat Lane Granbury, TX 4
- 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 2008
LEASED 08/10/20- Rent
- Rent Per SQFT
- $2,350
- $0.97
-
318 Oar Wood Drive Granbury, TX 5
- 4 beds 2 baths ∙ 2,432 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,432 Sqft ∙ Built 2017
LEASED 07/16/20- Rent
- Rent Per SQFT
- $2,350
- $0.97
PROPERTY LISTING DETAILS
Re/max Lake Granbury
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419166
Last Updated: 08/25/2020
