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611 W Bluff Street Granbury, TX 76048

4 Beds 2 Baths 1,868 sqft Built 2020

$348,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $186.30
  • 3 Days on Market
  • MLS # : 14441288
  • Updated Date : 11/06/2020 at 09:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,868 sqft
  • Baths : 2 full
Listing Agent

Lovely Day Real Estate

Listing Agent's Description

This beautiful new build just blocks from the Historic Square in Granbury, Texas is loaded with all the amenities you are looking for. Elegant treatments with a double trayed entryway and high ceilings throughout are featured; crown molding and arched details as well. Weathered wood look tiling throughout with lush carpet in the bedrooms. Stainless steel appliances with a gas cooktop, gas fireplace and gas water heater. Landscaping and fully sodded front and backyards will have a sprinkler system. Many new homes don't include gutters, but this one does. With a quick stroll to the square for live entertainment, shopping and dining, LOCATION, LOCATION, LOCATION applies here.

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
Brawner Intermediate School Primary Regular 413 27 4
Granbury Middle School Middle Regular 711 50 4
Granbury High School High Regular 1,414 115 6

Brawner Intermediate School

  • Education Level: Primary
  • # of students: 413
  • # of teachers: 27
4
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
 

$313,200$382,800$348,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,284
Property Tax -$471
Property Insurance -$135
Property Management Fees -$99
CASH FLOW
$140

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.

$348,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.61%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,220

INVESTMENT

$94,220

Down Payment
$87,000
Rehab Estimate
$2,000
Closing Costs
$5,220

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,284

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,000
Loan Amount $261,000
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$38,695

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,092

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7953$2,1304$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 611 W Bluff Street Granbury, TX 3
    • 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $1.14
    •  
  • 1415 Lauren Lane Granbury, TX 1
    • 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2013
    property image
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.06
    •  
  • 1410 Lauren Lane Granbury, TX 2
    • 4 beds 2 baths ∙ 1,624 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,624 Sqft ∙ Built 2018
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.11
    •  
  • 801 Panama Court Granbury, TX 4
    • 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 2016
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.18
    •  
  • 502 Counts Alley Granbury, TX 5
    • 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 2008
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.13
    •  
PROPERTY LISTING DETAILS
Shannon Bubel
Lovely Day Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14441288
Last Updated: 11/06/2020
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