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3201 Steamers Court Granbury, TX 76049

3 Beds 2 Baths 2,344 sqft Built 2019

$399,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $170.22
  • 4 Days on Market
  • MLS # : 14482350
  • Updated Date : 12/10/2020 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,344 sqft
  • Baths : 2 full
Listing Agent

Elevate Realty Group

Listing Agent's Description

Practically new home in high demand Abes Landing. Located at the end of a cul de sac on hard to find .73 acre lot, home features 3 bed w office or could be 4 bedroom home. Kitchen features a custom ceiling, open concept, knotty alder cabinets, stainless steel appl and gas cooktop. The living rm has beamed ceiling and floor to ceiling stone fireplace with gas, real wood floors with large windows that look out to the fully fenced back yard that also has small interior fence for dogs. Master has large sitting space that could be another office or nursery. Huge master closet accessible thru to laundry rm. Custom window treatments and New Age built in garage storage system w work bench are just a few of the extras!

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
Baccus Elementary School Primary Regular 539 31 4
Granbury Middle School Middle Regular 711 50 4
Granbury High School High Regular 1,414 115 6

Baccus Elementary School

  • Education Level: Primary
  • # of students: 539
  • # of teachers: 31
4
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
 

$359,100$438,900$399,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,472
Property Tax -$541
Property Insurance -$163
HOA -$79
Property Management Fees -$99
CASH FLOW
-$93

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.

$399,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.57%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,735

INVESTMENT

$107,735

Down Payment
$99,750
Rehab Estimate
$2,000
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$16,868

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,321

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2603$2,3504$2,3505$2,350
$2,350
RENT COMPS ANALYSIS
  • 3201 Steamers Court Granbury, TX 2
    • 3 beds 2 baths ∙ 2,344 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,344 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.96
    •  
  • 302 Oar Wood Drive Granbury, TX 1
    • 4 beds 2 baths ∙ 2,176 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,176 Sqft ∙ Built 2015
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.03
    •  
  • 3307 Ferry Boat Lane Granbury, TX 3
    • 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 4
    • 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
    •  
  • 421 River Bank Lane Granbury, TX 5
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2013
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.99
    •  
PROPERTY LISTING DETAILS
Erin Drummer
Elevate Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14482350
Last Updated: 12/10/2020
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