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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $144.64
- 4 Days on Market
- MLS # : 14503715
- Updated Date : 01/23/2021 at 10:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,763 sqft
- Baths : 2 full
Listing Agent
Rj Williams & Company Re Llc
Listing Agent's Description
Gorgeous southwestern style recently built custom offers breathtaking views of Lake Granbury. This energy efficient stone home has boasts southern elegance and charm with custom details throughout. The charm does not end there! Just across the street enjoy the community pool. Thats right! Enjoy the beautiful view of Granbury lake and the community pool the second you look out the front windows! The community club house and tennis court are just steps away. This community offers an endless list of activities for the outdoor enthusiast offering a playground, boat dock,water hole access,fishing,hiking. Enjoy all this with the ease of mind that this gated community offers 24hr guarded gate entry. Won't Last Long!
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76048
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$886 |
| Property Tax | -$345 | |
| Property Insurance | -$129 | |
| HOA | -$26 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$365
|
||
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.
$255,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$73,325
LOAN DETAILS
$886
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $63,750 |
| Loan Amount | $191,250 |
12
YEARS SAVED
$47,200
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,860
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
2307 Club Drive Granbury, TX 5
- 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $1,850
- $1.05
-
1310 W Chippewa Trail Granbury, TX 1
- 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2007
LEASED 04/19/20- Rent
- Rent Per SQFT
- $1,650
- $1.03
-
2300 Steepleridge Circle Granbury, TX 2
- 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 2019
LEASED 02/05/20- Rent
- Rent Per SQFT
- $1,700
- $1.13
-
2203 Navasota Granbury, TX 3
- 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2020
LEASED 07/08/20- Rent
- Rent Per SQFT
- $1,700
- $1.00
-
4001 Iron Horse Trail Granbury, TX 4
- 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 2008
LEASED 12/11/20- Rent
- Rent Per SQFT
- $1,850
- $1.06
PROPERTY LISTING DETAILS
Rj Williams & Company Re Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14503715
Last Updated: 01/23/2021
