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5330 Mission Circle Granbury, TX 76049

3 Beds 2 Baths 1,963 sqft Built 2002

$269,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $137.04
  • 5 Days on Market
  • MLS # : 14509699
  • Updated Date : 02/04/2021 at 08:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,963 sqft
  • Baths : 2 full
Listing Agent

Beam & Branch Realty, Pllc

Listing Agent's Description

A rare find in DeCordova Bend Estates! Beautifully well kept 3 bedroom, 2 bath home, 2 car garage includes golf cart garage! Move-in ready. Low maintenance yard, close to front gate. Many improvements on this home built in 2002. New Exterior Paint in 2012, New Double Pane Windows in 2012, New Roof in 2015, Gas Fireplace, Thermal Insulation Blanket in Attic, New HVAC System in 2019, recently upgraded Stove, Oven and Dishwasher. Refrigerator included. Large Master Bedroom, Bath and walk-in Closet. DeCordova Bend Estates is a gated golf and lake community with 24 hr security, clubhouse, pool and more.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

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
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$934
Property Tax -$364
Property Insurance -$141
HOA -$167
Property Management Fees -$99
CASH FLOW
$285

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.

$269,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.74%

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

PROJECTED ANNUAL CASH FLOW

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

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$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$934

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$37,637

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,997

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,9003$1,9904$1,9955$2,200
$2,200
RENT COMPS ANALYSIS
  • 5330 Mission Circle Granbury, TX 3
    • 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.01
    •  
  • 3213 Mc Coy Lane Granbury, TX 1
    • 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2019
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.01
    •  
  • 4109 Smokey Hill Court Celina, TX 2
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2020
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.01
    •  
  • 3214 White Horse Drive Granbury, TX 4
    • 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 2020
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.99
    •  
  • 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
Garry Boozer
Beam & Branch Realty, Pllc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509699
Last Updated: 02/04/2021
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