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341 Kenyon Court Granbury, TX 76049

4 Beds 2 Baths 2,682 sqft Built 2018

$480,500

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
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

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
 

$432,450$528,550$480,500

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

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

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$133,083

INVESTMENT

$133,083

Down Payment
$120,125
Rehab Estimate
$5,750
Closing Costs
$7,208

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,669

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $120,125
Loan Amount $360,375
See What Happens When You Reinvest Cash Flow

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
$2,240
1$2,2402$2,6003$2,7504$2,7505$2,750
$2,750
RENT COMPS ANALYSIS
  • 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
Karen Wilson
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14524626
Last Updated: 03/06/2021
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