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4241 Perfect View Drive Granbury, TX 76048

3 Beds 2 Baths 1,918 sqft Built 1997

$444,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $231.49
  • 5 Days on Market
  • MLS # : 14530112
  • Updated Date : 03/11/2021 at 11:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,918 sqft
  • Baths : 2 full
Listing Agent

Middleton Group Realty

Listing Agent's Description

Lake view home with many luxurious upgrades. This home is situated outside the city limits nestled next to Granbury Lake. Enjoy your mornings and evenings on the expansive back deck overlooking the lake. Split floor plan featuring 3bd, 2bath adorned with beautiful real hardwood floors. Electric shades, jetted jacuzzi bathtub, huge walk-in owner's suite closet, climate controlled garage with insulated door and keyless code entry front door are just a few things this well-maintained home will spoil you with. Many items to convey including two refrigerators located in the kitchen and garage, shed, mounted TV's, Sono surround sound system, security cameras, security equipment and front loading washer and dryer set.

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: 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
 

$399,600$488,400$444,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,542
Property Tax -$602
Property Insurance -$135
Property Management Fees -$99
CASH FLOW
-$838

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.

$444,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.35%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$123,410

INVESTMENT

$123,410

Down Payment
$111,000
Rehab Estimate
$5,750
Closing Costs
$6,660

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,542

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,000
Loan Amount $333,000
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$12

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,620

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4503$1,5404$1,5755$1,650
$1,650
RENT COMPS ANALYSIS
  • 4241 Perfect View Drive Granbury, TX 3
    • 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.82
    •  
  • 3802 Juniper Court Granbury, TX 1
    • 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 2007
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.87
    •  
  • 3802 Pine Circle Granbury, TX 2
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2007
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.86
    •  
  • 3802 Sage Court Granbury, TX 4
    • 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 2007
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.86
    •  
  • 7310 Mistletoe Trail Granbury, TX 5
    • 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 2014
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
PROPERTY LISTING DETAILS
Dana Richardson
Middleton Group Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14530112
Last Updated: 03/11/2021
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