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307 Jacinth Lane Granbury, TX 76049

3 Beds 2 Baths 2,011 sqft Built 2020

$294,888

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $146.64
  • 6 Days on Market
  • MLS # : 14462286
  • Updated Date : 11/03/2020 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,011 sqft
  • Baths : 2 full
Listing Agent

Century 21 Property Advisors

Listing Agent's Description

Stunning Al Couto home located on the Fort Worth side of town, just minutes from shopping! Features include, gas log fireplace, granite everywhere, custom cabinetry, decorative lighting, stainless appliances, island kitchen, wood look ceramic tile throughout entire home, split bedrooms, closets everywhere, crown molding, office or flex space off the master suite, dual sinks in the master bath, & spacious walk in closet. This builder is all about efficiency: blown insulation, double-paned windows, highly efficient WH & HVAC, all means huge savings on utilities! You will love the location and the neighborhood. Come see this one while you can!

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: 76049

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $96k250k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 76049

ZipNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

* 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
Oak Woods Intermediate School Primary Regular 593 31 7
Acton Middle School Middle Regular 821 48 6
Granbury High School High Regular 1,414 115 6

Oak Woods Intermediate School

  • Education Level: Primary
  • # of students: 593
  • # of teachers: 31
7
GreatSchools Rating

Acton Middle School

  • Education Level: Middle
  • # of students: 821
  • # of teachers: 48
6
GreatSchools Rating

Granbury High School

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

$265,399$324,377$294,888

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,088
Property Tax -$400
Property Insurance -$143
Property Management Fees -$99
CASH FLOW
-$150

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.

$294,888

PROJECTED PRICE

$1,580

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.8%
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

PROJECTED ANNUAL CASH FLOW

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

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$80,145

INVESTMENT

$80,145

Down Payment
$73,722
Rehab Estimate
$2,000
Closing Costs
$4,423

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,722
Loan Amount $221,166
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$7,344

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,830

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,5953$1,6494$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 307 Jacinth Lane Granbury, TX 1
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.79
    •  
  • 3017 Stroll Drive Granbury, TX 2
    • 4 beds 2 baths ∙ 1,807 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,807 Sqft ∙ Built 2003
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.88
    •  
  • 4703 Topaz Lane Granbury, TX 3
    • 3 beds 2 baths ∙ 1,937 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,937 Sqft ∙ Built 2005
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.85
    •  
  • 4206 Agate Drive Granbury, TX 4
    • 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 2012
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
  • 249 Jacinth Lane Granbury, TX 5
    • 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 2018
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
PROPERTY LISTING DETAILS
Becky Williams-gibson
Century 21 Property Advisors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462286
Last Updated: 11/03/2020
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