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3509 Tomahawk Drive Granbury, TX 76048

3 Beds 2 Baths 1,232 sqft Built 2008

$154,500

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $125.41
  • 2 Days on Market
  • MLS # : 14497155
  • Updated Date : 01/09/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,232 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Well taken of 3-2 home. Open concept, split bedroom floor plan. New roof 2019. New back deck and steps 2021. Spacious wood shop or storage with overhead storage areas and electric. Lot directly behind (3642 Arrowhead) is included in sale which makes for a large backyard and room to expand. Comanche Harbor is close to downtown Granbury but not in city limits. Subdivision has boat ramps for easy access to Lake Granbury, playgrounds, parks, community house.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 76048

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $82k243k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 76048

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9991734

* 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
Mambrino Elementary School Primary Regular 563 34 5
Granbury Middle School Middle Regular 711 50 4
Granbury High School High Regular 1,414 115 6

Mambrino Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 34
5
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
 

$139,050$169,950$154,500

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$537
Property Tax -$209
Property Insurance -$98
HOA -$16
Property Management Fees -$99
CASH FLOW
$261

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.

$154,500

PROJECTED PRICE

$1,220

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.4%
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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k$450k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$46,693

INVESTMENT

$46,693

Down Payment
$38,625
Rehab Estimate
$5,750
Closing Costs
$2,318

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$537

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $38,625
Loan Amount $115,875
See What Happens When You Reinvest Cash Flow

12.83

YEARS SAVED

$31,161

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,214

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2203$1,4004$1,4505$1,575
$1,575
RENT COMPS ANALYSIS
  • 3509 Tomahawk Drive Granbury, TX 2
    • 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.99
    •  
  • 1016 Indian Drive Granbury, TX 1
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 2019
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.91
    •  
  • 1525 Berry Patch Lane Granbury, TX 3
    • 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1998
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.98
    •  
  • 4103 Goliad Drive Granbury, TX 4
    • 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 2008
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.00
    •  
  • 3902 Mountain Vista Drive Granbury, TX 5
    • 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 2001
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.05
    •  
PROPERTY LISTING DETAILS
Cindy Valley
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497155
Last Updated: 01/09/2021
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