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3704 Scenic Court Granbury, TX 76048

3 Beds 2 Baths 1,186 sqft Built 2020

$176,422

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
Built 2020 NEW CONSTRUCTION
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $148.75
  • 9 Days on Market
  • MLS # : 14483941
  • Updated Date : 12/14/2020 at 08:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,186 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty, Llc

Listing Agent's Description

New Construction, Board and Batten modern-farmhouse, on lightly treed double lot. Wonderfully efficient small home floor plan. Open living in main areas, custom cabinet storage in kitchen, with full sized living and dining. Spacious master area features walk-in closet and 6ft vanity with double sinks. Energy saving home with high efficiency windows, appliances, foam encapsulation insulation.

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
 

$158,780$194,064$176,422

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$651
Property Tax -$239
Property Insurance -$96
HOA -$30
Property Management Fees -$99
CASH FLOW
$165

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$176,422

PROJECTED PRICE

$1,280

PROJECTED RENT

0.73%

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) 3.00%
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$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$48,752

INVESTMENT

$48,752

Down Payment
$44,106
Rehab Estimate
$2,000
Closing Costs
$2,646

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$651

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,106
Loan Amount $132,317
See What Happens When You Reinvest Cash Flow

10.17

YEARS SAVED

$31,325

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,281

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,4003$1,4504$1,5255$1,575
$1,575
RENT COMPS ANALYSIS
  • 3704 Scenic Court Granbury, TX 1
    • 3 beds 2 baths ∙ 1,186 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,186 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $1.08
    •  
  • 4015 Iron Horse Trail Granbury, TX 2
    • 3 beds 2 baths ∙ 1,278 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,278 Sqft ∙ Built 2009
    property image
    LEASED 07/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.10
    •  
  • 4103 Goliad Drive Granbury, TX 3
    • 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 2008
    property image
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.00
    •  
  • 1306 Laredo Drive Granbury, TX 4
    • 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 2010
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.17
    •  
  • 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
    property image
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.05
    •  
PROPERTY LISTING DETAILS
Amy Saunders
Fathom Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14483941
Last Updated: 12/14/2020
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