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5716 San Jacinto Drive Granbury, TX 76048

3 Beds 2 Baths 1,178 sqft Built 1999

$176,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $149.41
  • 2 Days on Market
  • MLS # : 14485062
  • Updated Date : 12/12/2020 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,178 sqft
  • Baths : 1 full , 1 half
Listing Agent

Winston Properties, Llc

Listing Agent's Description

Peaceful hide away in gated community of Canyon Creek . This home sits on 3 heavily treed lots with no direct neighbors mainly surrounded by wildlife. Enjoy a large yard that stays beautiful with very low maintenance. This 3 bedroom 1.5 bath house comes with two storage buildings, a fenced dog run, 10x10 covered back deck and detached carport. This charming little home is a must see and will not last long!

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: 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
 

$158,400$193,600$176,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$649
Property Tax -$238
Property Insurance -$95
HOA -$59
Property Management Fees -$99
CASH FLOW
$159

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.

$176,000

PROJECTED PRICE

$1,300

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) 8.00%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,390

INVESTMENT

$52,390

Down Payment
$44,000
Rehab Estimate
$5,750
Closing Costs
$2,640

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$649

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,000
Loan Amount $132,000
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$26,584

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,431

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4003$1,7004$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 5716 San Jacinto Drive Granbury, TX 1
    • 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.10
    •  
  • 2803 Creek Drive Granbury, TX 2
    • 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1998
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.30
    •  
  • 2300 Steepleridge Circle Granbury, TX 3
    • 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 2019
    property image
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.13
    •  
  • 3716 Lake Vista Court Granbury, TX 4
    • 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1984
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.20
    •  
  • 5818 Stonegate Circle Granbury, TX 5
    • 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 2019
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.23
    •  
PROPERTY LISTING DETAILS
Shayla Tharpe
Winston Properties, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485062
Last Updated: 12/12/2020
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