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3213 Crossbridge Circle Granbury, TX 76049

3 Beds 2 Baths 2,026 sqft Built 2004

$369,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $182.13
  • 2 Days on Market
  • MLS # : 14514204
  • Updated Date : 02/06/2021 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,026 sqft
  • Baths : 2 full
Listing Agent

Elevate Realty Group

Listing Agent's Description

Beautiful home in a serene, peaceful setting! Open floor plan. Almost-new appliances, including the refrigerator that stays. Tons of storage in the laundry room. And a fantastic master closet with so much shelving and space! Brand new carpet in one of the bedrooms, complete with 15 year warranty. Home has been completely painted within the past year. The backyard offers a retreat that you will never want to leave. Gorgeous salt water pool and nothing but nature behind you to soak up and enjoy. Located in Stoney Creek, close to everything while maintaining a country, private feel.

SEE MORE

MARKET HIGHLIGHTS

  • 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: 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
Acton Elementary School Primary Regular 727 40 6
Acton Middle School Middle Regular 821 48 6
Granbury High School High Regular 1,414 115 6

Acton Elementary School

  • Education Level: Primary
  • # of students: 727
  • # of teachers: 40
6
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
 

$332,100$405,900$369,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,282
Property Tax -$500
Property Insurance -$144
Property Management Fees -$99
CASH FLOW
$25

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.

$369,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.56%

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) 8.00%
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$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,282

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$21,255

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,097

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,0503$2,1004$2,1005$2,300
$2,300
RENT COMPS ANALYSIS
  • 3213 Crossbridge Circle Granbury, TX 2
    • 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.01
    •  
  • 3208 Arrow Creek Drive Granbury, TX 1
    • 3 beds 3 baths ∙ 1,836 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,836 Sqft ∙ Built 2019
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.01
    •  
  • 3215 Windcrest Drive Granbury, TX 3
    • 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2020
    property image
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.00
    •  
  • 3208 Windcrest Drive Granbury, TX 4
    • 4 beds 2 baths ∙ 2,059 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,059 Sqft ∙ Built 2020
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.02
    •  
  • 3103 Windcrest Court Granbury, TX 5
    • 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2016
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.11
    •  
PROPERTY LISTING DETAILS
Julie Gould
Elevate Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514204
Last Updated: 02/06/2021
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