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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $179.16
- 2 Days on Market
- MLS # : 14524626
- Updated Date : 03/06/2021 at 18:38
CONSTRUCTION
- Beds : 4
- Floor Size : 2,682 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
This Couto built home on more than 1 acre lot in Rolling Creek Ranch is perfect for entertaining your friends and family, inside and out! it has 4 bedrooms and 2 baths with a large study and game room. The open concept living, dining and kitchen are great for those holiday get togethers and meals. Just imagine entertaining with everyone around the large island catching up and prepping the meal. The stone fireplace with gas logs and starter make the living area very cozy on those chilly nights. Outdoors feature a firepit and large covered patio just great for the upcoming Spring season. Because of multiple offers on this home, We will take highest and best until Monday, March 8 @ 5:00 pm.
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 | $2,240 |
| EXPENSES | Loan Payment | -$1,669 |
| Property Tax | -$651 | |
| Property Insurance | -$182 | |
| HOA | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$416
|
||
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.
$480,500
PROJECTED PRICE
$2,240
PROJECTED RENT
0.47%
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
$133,083
LOAN DETAILS
$1,669
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $120,125 |
| Loan Amount | $360,375 |
1.08
YEARS SAVED
$2,243
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,240
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,575
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
341 Kenyon Court Granbury, TX 1
- 4 beds 2 baths ∙ 2,682 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,682 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $2,240
- $0.84
-
7143 Heathington Court Granbury, TX 2
- 4 beds 2 baths ∙ 2,828 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,828 Sqft ∙ Built 2020
LEASED 07/13/20- Rent
- Rent Per SQFT
- $2,600
- $0.92
-
7144 Heathington Court Granbury, TX 3
- 4 beds 2 baths ∙ 2,800 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,800 Sqft ∙ Built 2020
LEASED 04/25/20- Rent
- Rent Per SQFT
- $2,750
- $0.98
-
614 Lydia Lane Granbury, TX 4
- 4 beds 2 baths ∙ 2,832 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,832 Sqft ∙ Built 2020
LEASED 07/27/20- Rent
- Rent Per SQFT
- $2,750
- $0.97
-
7139 Heathington Court Granbury, TX 5
- 4 beds 2 baths ∙ 2,832 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,832 Sqft ∙ Built 2020
LEASED 06/02/20- Rent
- Rent Per SQFT
- $2,750
- $0.97
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14524626
Last Updated: 03/06/2021
