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501 Smart Strike Trail Granbury, TX 76049

4 Beds 2 Baths 2,125 sqft Built 2020

$286,760

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $134.95
  • 1 Days on Market
  • MLS # : 14467794
  • Updated Date : 11/08/2020 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,125 sqft
  • Baths : 2 full
Listing Agent

Century 21 Mike Bowman, Inc.

Listing Agent's Description

NEW CONSTRUCTION IN GRANBURY'S SARATOGA COMMUNITY BY AMERICA'S BUILDER D.R. HORTON!*The Stunning 1 Story 4-2-2 Crownpoint Floorplan(Elev H) *Est Completion Early 2021*Open Concept Living,Dining & Kitchen with Seating Island,stained Cabinets,Granite Countertops,tiled back splash,W-I Pantry,Stainless Steel Appliances & undermount Sink*Large Primary Bedroom with dual sink Vanity,Oversize W-I Shower & W-I Closet with built-ins*Home is Connected Technology,Woodlook Ceramic tiled Entry,Halls & Wet Areas*~Covered back Patio,Gutters,15 SEER HVAC Heat Pump,Low E double pane vinyl windows.Radiant Barrier,6 foot privacy fenced backyard,sprinkler system,landscape pkg & more!

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
 

$258,084$315,436$286,760

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,058
Property Tax -$389
Property Insurance -$150
HOA -$33
Property Management Fees -$99
CASH FLOW
$271

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$286,760

PROJECTED PRICE

$2,000

PROJECTED RENT

0.70%

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) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$77,991

INVESTMENT

$77,991

Down Payment
$71,690
Rehab Estimate
$2,000
Closing Costs
$4,301

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,058

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,690
Loan Amount $215,070
See What Happens When You Reinvest Cash Flow

10.33

YEARS SAVED

$52,399

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,987

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,649
1$1,6492$1,8003$1,8004$1,8505$2,000
$2,000
RENT COMPS ANALYSIS
  • 501 Smart Strike Trail Granbury, TX 5
    • 4 beds 2 baths ∙ 2,125 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,125 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 4703 Topaz Lane Granbury, TX 1
    • 3 beds 2 baths ∙ 1,937 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,937 Sqft ∙ Built 2005
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.85
    •  
  • 4204 Jasper Lane Granbury, TX 2
    • 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2013
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.98
    •  
  • 4206 Agate Drive Granbury, TX 3
    • 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 2012
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
  • 249 Jacinth Lane Granbury, TX 4
    • 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 2018
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
PROPERTY LISTING DETAILS
Stephen Kahn
Century 21 Mike Bowman, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467794
Last Updated: 11/08/2020
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