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5417 Stonegate Circle Granbury, TX 76048

3 Beds 2 Baths 1,305 sqft Built 2021

$208,800

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $160.00
  • 2 Days on Market
  • MLS # : 14514623
  • Updated Date : 02/06/2021 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,305 sqft
  • Baths : 2 full
Listing Agent

Asb Services, Lp

Listing Agent's Description

Offering you a peaceful living in this new construction West River home in Granbury, Texas! Simple and easy upkeep with no extensive yard work, etc. Offering a nice square lot and well-kept neighboring homes. West River Homes take pride in the construction process and the overall product they provide. Sustainable, sturdy builds, with a clean interior finish out! West River Homes also offer buyer title costs paid for by preferred lender! An opportunity you don't want to miss. Check out this pristine, new construction home!

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: 76048

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $82k243k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 76048

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9991734

* 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
Mambrino Elementary School Primary Regular 563 34 5
Granbury Middle School Middle Regular 711 50 4
Granbury High School High Regular 1,414 115 6

Mambrino Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 34
5
GreatSchools Rating

Granbury Middle School

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 50
4
GreatSchools Rating

Granbury High School

  • Education Level: High
  • # of students: 1,414
  • # of teachers: 115
6
GreatSchools Rating
 

$187,920$229,680$208,800

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$725
Property Tax -$283
Property Insurance -$103
HOA -$26
Property Management Fees -$99
CASH FLOW
$305

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.

$208,800

PROJECTED PRICE

$1,540

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.4%
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$100k$200k$300k$400k$500k$600k$700k$800k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,332

INVESTMENT

$57,332

Down Payment
$52,200
Rehab Estimate
$2,000
Closing Costs
$3,132

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$725

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,200
Loan Amount $156,600
See What Happens When You Reinvest Cash Flow

12.58

YEARS SAVED

$42,605

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $1,533

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5253$1,5404$1,7005$1,800
$1,800
RENT COMPS ANALYSIS
  • 5417 Stonegate Circle Granbury, TX 3
    • 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $1.18
    •  
  • 2409 Steepleridge Circle Granbury, TX 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2004
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.17
    •  
  • 1306 Laredo Drive Granbury, TX 2
    • 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 2010
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.17
    •  
  • 2300 Steepleridge Circle Granbury, TX 4
    • 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 2019
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.13
    •  
  • 5818 Stonegate Circle Granbury, TX 5
    • 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 2019
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.23
    •  
PROPERTY LISTING DETAILS
Bridger Seay
Asb Services, Lp
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514623
Last Updated: 02/06/2021
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