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4403 Twin Oak Court Granbury, TX 76049

3 Beds 3 Baths 2,700 sqft Built 2015

$435,750

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 27, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $161.39
  • 8 Days on Market
  • MLS # : 14460522
  • Updated Date : 10/28/2020 at 14:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,700 sqft
  • Baths : 2 full , 1 half
Listing Agent

Briko Realty Services

Listing Agent's Description

Do not miss this gorgeous custom built home built by #1 builder of Hood County in gated community, all brick with additional 26 X 24 patio. Open Kitchen concept, custom cabinets, down draft cook top, oven-microwave combination, large walk in pantry. Professional landscaped lot , 100 x 187 ft, all sodded, Level front yard to street, no ditch.. On cul de sac in ski lake community, view of lakes. Three bedrooms , large master with exceptionally large 12x 15 walk-in closet. Laundry room and walk-in pantry. Custom trim throughout. Carpet and plantation shutters throughout, crystal chandeliers and custom lighting fixtures, ceiling fans, exterior wiring for RV,

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
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
 

$392,175$479,325$435,750

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,608
Property Tax -$590
Property Insurance -$183
HOA -$35
Property Management Fees -$99
CASH FLOW
-$495

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.

$435,750

PROJECTED PRICE

$2,020

PROJECTED RENT

0.46%

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

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$121,224

INVESTMENT

$121,224

Down Payment
$108,938
Rehab Estimate
$5,750
Closing Costs
$6,536

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,608

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,938
Loan Amount $326,813
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$777

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,471

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,020
1$2,0202$2,1003$2,200
$2,200
RENT COMPS ANALYSIS
  • 4403 Twin Oak Court Granbury, TX 1
    • 3 beds 3 baths ∙ 2,700 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,700 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.75
    •  
  • 3706 Lake Vista Court Granbury, TX 2
    • 3 beds 2 baths ∙ 2,363 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,363 Sqft ∙ Built 1988
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
  • 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 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.94
    •  
PROPERTY LISTING DETAILS
Joseph Peterson
Briko Realty Services
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14460522
Last Updated: 10/28/2020
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