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4611 Cimmaron Trail De Cordova, TX 76049

3 Beds 2 Baths 2,060 sqft Built 1988

$265,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $128.64
  • 3 Days on Market
  • MLS # : 14490435
  • Updated Date : 01/16/2021 at 17:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,060 sqft
  • Baths : 2 full
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

OFFERS MUST BE IN BEFORE 5 PM SUNDAY. Lovely custom built, lovingly maintained golf course property. Builder plans say 2214 sq ft under air. With 2 large living areas, baths upgraded in 2011, granite and kitchen appliances upgraded 2007 and 2008, roof and A.C. replaced in 2013, water heater in 2020, washer in 2015, dryer in 2008, fridge 2012, you'll find a proper year round space with a 2 car garage and additional area for your golf cart. Windows all across the back to take in view of 4th fairway. Washer, dryer and refrigerator remain as does the credenza in the family living center. Buyer must get new survey, buyer fees to live in DeCordova are $6,500 initiation, $1,500 transfer fee and $167.00 monthly.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$920
Property Tax -$359
Property Insurance -$146
HOA -$167
Property Management Fees -$99
CASH FLOW
$188

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.

$265,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.71%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$28,133

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,900

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,7503$1,8804$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 4611 Cimmaron Trail De Cordova, TX 3
    • 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.91
    •  
  • 3202 Crockett Street Granbury, TX 1
    • 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 1997
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.90
    •  
  • 4204 Mojave Drive De Cordova, TX 2
    • 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
    •  
  • 3706 Lake Vista Court Granbury, TX 4
    • 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
    •  
  • 6405 Sonora Drive Granbury, TX 5
    • 3 beds 2 baths ∙ 2,083 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,083 Sqft ∙ Built 2006
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.06
    •  
PROPERTY LISTING DETAILS
Marci Barton
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490435
Last Updated: 01/16/2021
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