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2502 San Gabriel Drive Granbury, TX 76048

3 Beds 2 Baths 1,514 sqft Built 2020

$219,900

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $145.24
  • 2 Days on Market
  • MLS # : 14517933
  • Updated Date : 02/12/2021 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,514 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Realtors

Listing Agent's Description

Stunning, barely lived in three bed, two bath home with additions of privacy fence, cabinetry in the two car garage, and backyard THREEHOUSE for little folks. Eye-popping stone front with charming bay window to shine natural light into the open floorplan living. Gorgeous kitchen with barely used appliances, and wine rack. Granite in the kitchen and baths, tile floors. Split bedrooms and huge master with built in seating area. In gated and coveted Canyon Creek community. Wonderful amenities include Clubhouse, two swimming pools, playground, community dock, and secured entrance to name just a few. Energy efficient foam insulation and excellent location with scenic hills. Lease to own and seller finance options!

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
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$764
Property Tax -$298
Property Insurance -$115
HOA -$51
Property Management Fees -$99
CASH FLOW
$393

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$219,900

PROJECTED PRICE

$1,720

PROJECTED RENT

0.78%

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) 3.00%
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$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$60,274

INVESTMENT

$60,274

Down Payment
$54,975
Rehab Estimate
$2,000
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

13.67

YEARS SAVED

$50,161

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,715

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,7003$1,7004$1,7205$1,800
$1,800
RENT COMPS ANALYSIS
  • 2502 San Gabriel Drive Granbury, TX 4
    • 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $1.14
    •  
  • 1306 Laredo Drive Granbury, TX 1
    • 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 2010
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.17
    •  
  • 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 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.00
    •  
  • 5818 Stonegate Circle Granbury, TX 5
    • 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 2019
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.23
    •  
PROPERTY LISTING DETAILS
Jenna Harris
Jp And Associates Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517933
Last Updated: 02/12/2021
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