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4315 Logan Circle Granbury, TX 76049

3 Beds 2 Baths 1,903 sqft Built 2013

$277,500

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $145.82
  • 1 Days on Market
  • MLS # : 14464146
  • Updated Date : 11/02/2020 at 19:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,903 sqft
  • Baths : 2 full
Listing Agent

Coleman Real Estate

Listing Agent's Description

IMMACULATE 3-2-2 in Granbury’s desirable Ashley Oaks on Fort Worth side. PRICED AND READY FOR A QUICK MOVE IN. Open concept – Living, Dining, Kitchen. Wood burning fireplace. Low maintenance tile flooring throughout. Security system. Chef kitchen with prep island, large walk-in pantry. Seating for eating at granite raised counter. Master bath- granite, dual sinks, walk-in closet, garden tub, tiled shower. Relax & enjoy the cedar screened-in porch, recently stained and installed sun repelling screens. Large, fenced back yard with detached building-heat and air - HOBBY, EXERCISE, PRIVATE OFFICE! DON’T MISS FIREPROOF SAFE in master closet, HEAVY SECURITY STORM FRONT DOOR, Built-in air compressor hose in garage!

SEE MORE

MARKET HIGHLIGHTS

  • . 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

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
Oak Woods Intermediate School Primary Regular 593 31 7
Acton Middle School Middle Regular 821 48 6
Granbury High School High Regular 1,414 115 6

Oak Woods Intermediate School

  • Education Level: Primary
  • # of students: 593
  • # of teachers: 31
7
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
 

$249,750$305,250$277,500

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,024
Property Tax -$376
Property Insurance -$137
HOA -$20
Property Management Fees -$99
CASH FLOW
$64

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.

$277,500

PROJECTED PRICE

$1,720

PROJECTED RENT

0.62%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,288

INVESTMENT

$79,288

Down Payment
$69,375
Rehab Estimate
$5,750
Closing Costs
$4,163

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,024

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,375
Loan Amount $208,125
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$23,519

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,784

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,649
1$1,6492$1,6953$1,6954$1,7205$1,800
$1,800
RENT COMPS ANALYSIS
  • 4315 Logan Circle Granbury, TX 4
    • 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.90
    •  
  • 4703 Topaz Lane Granbury, TX 1
    • 3 beds 2 baths ∙ 1,937 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,937 Sqft ∙ Built 2005
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.85
    •  
  • 4203 Jasper Lane Granbury, TX 2
    • 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 2016
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.95
    •  
  • 4209 Jasper Lane Granbury, TX 3
    • 4 beds 2 baths ∙ 1,725 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,725 Sqft ∙ Built 2015
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.98
    •  
  • 4206 Agate Drive Granbury, TX 5
    • 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 2012
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
PROPERTY LISTING DETAILS
John Coleman
Coleman Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464146
Last Updated: 11/02/2020
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