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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $174.84
- 2 Days on Market
- MLS # : 14518723
- Updated Date : 02/20/2021 at 18:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,488 sqft
- Baths : 3 full
Listing Agent
Elevate Realty Group
Listing Agent's Description
The living is easy in this impressive, generously proportioned contemporary residence in the very desirable Abes Landing. The floor plan encompasses four spacious bedrooms with plenty of room for study, sleep, and storage, three luxurious bathrooms, and a sleek and stylish kitchen that flows through to the dining room and private rear patio. The master bedroom, complete with a walk-in closet with convenience right into the utility. With its warm sense of community, and only moments to Lake Granbury, shops, and eateries this home provides all the elements for relaxing, comfortable and easy-care living.
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: 76049
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76049
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,930 |
| EXPENSES | Loan Payment | -$1,511 |
| Property Tax | -$589 | |
| Property Insurance | -$171 | |
| HOA | -$79 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$519
|
||
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.
$435,000
PROJECTED PRICE
$1,930
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$121,025
LOAN DETAILS
$1,511
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $108,750 |
| Loan Amount | $326,250 |
0.25
YEARS SAVED
$223
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$2,438
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
3245 Boat Landing Trail Granbury, TX 1
- 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $1,930
- $0.78
-
339 Paddle Boat Drive Granbury, TX 2
- 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2017
LEASED 03/04/20- Rent
- Rent Per SQFT
- $2,300
- $0.99
-
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
Elevate Realty Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14518723
Last Updated: 02/20/2021
