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3713 Lonesome Creek Road Granbury, TX 76049

4 Beds 3 Baths 2,476 sqft Built 2014

$389,500

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $157.31
  • 4 Days on Market
  • MLS # : 14520843
  • Updated Date : 03/20/2021 at 10:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,476 sqft
  • Baths : 3 full
Listing Agent

Knieper Realty, Inc.

Listing Agent's Description

MULTIPLE OFFERS - HIGHEST AND BEST BY NOON SUNDAY MARCH 21. Beautiful 4 Bedroom 3 Bath with 3 car garage situated in the prestigious De Cordova Ranch. This stone and brick beauty offers half an acre with wonderful outdoor space including a pergola area for entertaining or relaxing under the stars. Inside you will find beautiful decorative ceilings and fixtures, open living and dining, ceramic tile floors, office and master with hardwood floors, custom dark cabinetry and granite countertops, and a gas fireplace. The kitchen is open & inviting complete with breakfast bar, walk-in pantry, stainless steel Whirlpool appliances and a large gas cook top & oven. spacious.

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
 

$350,550$428,450$389,500

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,353
Property Tax -$528
Property Insurance -$170
HOA -$89
Property Management Fees -$99
CASH FLOW
$202

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.

$389,500

PROJECTED PRICE

$2,440

PROJECTED RENT

0.63%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,968

INVESTMENT

$108,968

Down Payment
$97,375
Rehab Estimate
$5,750
Closing Costs
$5,843

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,353

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,375
Loan Amount $292,125
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$36,900

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,736

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,440
1$2,4402$2,5503$2,900
$2,900
RENT COMPS ANALYSIS
  • 3713 Lonesome Creek Road Granbury, TX 1
    • 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $0.99
    •  
  • 4007 Sioux Court Granbury, TX 2
    • 3 beds 3 baths ∙ 2,595 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,595 Sqft ∙ Built 2020
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.98
    •  
  • 3300 Bob White Drive Granbury, TX 3
    • 3 beds 2 baths ∙ 2,350 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,350 Sqft ∙ Built 1999
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.23
    •  
PROPERTY LISTING DETAILS
Pam Knieper
Knieper Realty, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14520843
Last Updated: 03/20/2021
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