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4225 Mojave Drive Granbury, TX 76049

3 Beds 3 Baths 2,494 sqft Built 1984

$405,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $162.39
  • 3 Days on Market
  • MLS # : 14541224
  • Updated Date : 03/27/2021 at 17:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,494 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful golf course home that is completely updated and move in ready. Granite countertops in kitchen, plantation shutters throughout, wood laminate floors in the living room, and master bedroom. All new interior and exterior paint. Vaulted ceiling in the living area with magnificent wood beams. Wood burning rock fireplace. Extra lg master bedroom with 2 walk in closets. 2 bedrooms and an office upstairs. Amazing upstairs balcony overlooking golf course with another covered patio on main floor for entertaining. Brand new concrete pad on side of house for boat parking, new iron fence.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

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
 

$364,500$445,500$405,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,407
Property Tax -$549
Property Insurance -$157
HOA -$167
Property Management Fees -$99
CASH FLOW
-$239

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.

$405,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.53%

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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,407

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,802

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,509

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$2,1403$2,6004$2,900
$2,900
RENT COMPS ANALYSIS
  • 4225 Mojave Drive Granbury, TX 2
    • 3 beds 3 baths ∙ 2,254 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,254 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.95
    •  
  • 4204 Mojave Drive De Cordova, TX 1
    • 3 beds 2 baths ∙ 2,077 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,077 Sqft ∙ Built 1990
    LEASED 11/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 3911 Crescent Drive Granbury, TX 3
    • 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 1976 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 1976
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.27
    •  
  • 3300 Bob White Drive Granbury, TX 4
    • 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
Debbie Roberts
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14541224
Last Updated: 03/27/2021
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