Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $136.61
- 3 Days on Market
- MLS # : 14502610
- Updated Date : 01/30/2021 at 14:17
CONSTRUCTION
- Beds : 3
- Floor Size : 2,013 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
HIGHEST AND BEST by 7pm on Jan.30. This is your chance! This 3 bed, 2.1 bath, home has undergone BIG improvements & is move-in ready! New windows, downstairs AC replaced in 2019, mini split installed upstairs, water heater, interior doors, interior paint, light fixtures, fans & more. Open dining & living area, with a wood burning fireplace. You can extend your living space outdoors on the large screened porch. Half bath for your guests. The kitchen is light & bright with stainless appliances & quartz countertops. Large master on the first floor with ensuite. Upstairs features 2 more bedrooms, media room & bathroom.
SEE MORE
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76049
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$373 | |
| Property Insurance | -$144 | |
| HOA | -$167 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$63
|
||
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.
$275,000
PROJECTED PRICE
$1,800
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,625
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
5.58
YEARS SAVED
$17,196
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$2,281
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
-
6204 Sonora Drive Granbury, TX 2
- 3 beds 3 baths ∙ 2,013 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,013 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,800
- $0.89
-
3202 Crockett Street Granbury, TX 1
- 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 1997
LEASED 02/04/20- Rent
- Rent Per SQFT
- $1,575
- $0.90
-
3911 Crescent Drive De Cordova, TX 3
- 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 1976 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 1976
LEASED 01/27/21- Rent
- Rent Per SQFT
- $2,600
- $1.27
-
3300 Bob White Drive Granbury, TX 4
- 3 beds 2 baths ∙ 2,350 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,350 Sqft ∙ Built 1999
LEASED 01/05/21- Rent
- Rent Per SQFT
- $2,900
- $1.23
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14502610
Last Updated: 01/30/2021
