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INVESTimate
$204,999
List Price
$60,075
REQUEST INFO
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1999
- Price/Sqft : $135.49
- 1 Days on Market
- MLS # : 14418938
- Updated Date : 08/26/2020 at 03:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,513 sqft
- Baths : 2 full
Listing Agent
Exp Realty, Llc
Listing Agent's Description
NO HOA!! May qualify for $0 Down! Beautifully updated and EXTREMELY well maintained home, GRANITE in kitchen and bathrooms, LG covered patio, 12X20 WORKSHOP with electricity, Lg private BACKYARD with RV gate, comes with REFRIGERATOR WASHER DRYER, New front DOOR, new STORM DOORS on front and back, open concept and split bedrooms, updated ceiling FANS and lighting, updated WATER heater, NEW blinds, some PLUMBING has been updated and FIXTURES, NEW window screens, outside and inside PAINT updated, Lg tile throughout except for bedrooms. Fort Worth side of Granbury for easy commute and LESS traffic. This is a MUST see for the most METICULOUS person!!
SEE MORE
- . 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)
- 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)
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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,430 |
EXPENSES | Loan Payment | -$756 |
Property Tax | -$278 | |
Property Insurance | -$115 | |
Property Management Fees | -$99 | |
CASH FLOW
$182
|
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.
$204,999
PROJECTED PRICE
$1,430
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.78% |
Appreciation Year (1-5) | 5.75% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.39% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$60,075
LOAN DETAILS
$756
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $51,250 |
Loan Amount | $153,749 |
9.5
YEARS SAVED
$31,823
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,430
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,528
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Exp Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14418938
Last Updated: 08/26/2020