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4714 Cimmaron Trail Granbury, TX 76049

4 Beds 3 Baths 2,822 sqft Built 2006

$410,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $145.29
  • 11 Days on Market
  • MLS # : 14459314
  • Updated Date : 10/27/2020 at 09:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,822 sqft
  • Baths : 3 full
Listing Agent

Jp And Associates Realtors

Listing Agent's Description

You will not want to miss seeing this custom, one of a kind home. Located in the prestigious DeCordava Bend Estates community lies this immaculate 4 bed 3 bathroom home with a 2 car garage and an out of this world master bath. Home offers separate living room, game or dining room, breakfast nook, laundry room, porch and covered patio. New Home Automation Control4 system installed. 2 yr old Bosh 5 ton HVAC multi zone with 4 nest controls for office, 2 bedrooms and den. Gated Country Club amenities include golf on a world class 18-hole course plus a 3 par 9-hole course, Tennis, Swimming, Lake Access, Full Service Clubhouse and Full Time Security. Move-In ready.

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
 

$369,000$451,000$410,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,513
Property Tax -$555
Property Insurance -$190
HOA -$168
Property Management Fees -$99
CASH FLOW
-$145

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.

$410,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.58%

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-$5.0k$0.0$5.0k$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$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,513

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$12,739

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,667

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3803$2,850
$2,850
RENT COMPS ANALYSIS
  • 4714 Cimmaron Trail De Cordova, TX 2
    • 4 beds 3 baths ∙ 2,822 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,822 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $0.84
    •  
  • 3107 Crockett Street Granbury, TX 1
    • 5 beds 2 baths ∙ 2,600 Sqft ∙ Built 1992 5 beds 2 baths ∙ 2,600 Sqft ∙ Built 1992
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.88
    •  
  • 3906 Upper Lake Circle Granbury, TX 3
    • 4 beds 2 baths ∙ 2,832 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,832 Sqft ∙ Built 2020
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.01
    •  
PROPERTY LISTING DETAILS
Carissa Bryant
Jp And Associates Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14459314
Last Updated: 10/27/2020
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