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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $143.81
- 4 Days on Market
- MLS # : 14495651
- Updated Date : 01/21/2021 at 16:14
CONSTRUCTION
- Beds : 3
- Floor Size : 2,260 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Tastefully updated 3 bed, 2 bath in Pecan Plantation! Great curb appeal with mature trees & landscaped yard. Open layout living room, dining & kitchen. Kitchen has beautiful granite countertops, bar seating, breakfast nook, & stainless appliances. Large master with impressive ensuite & spacious closet. Designated office. Split floor plan with two more large bedrooms. Large screened-in sunroom with nice views of the backyard. Gazebo, playhouse or storage building, & a covered deck perfect for your grill. The garage has it's own HVAC. Fresh paint inside & out. Pecan is a gated community with golf, marina, tennis, swimming pools, grocery store, dog park & more! Not too far from the Metroplex. Life happens here!
SEE MORE
- 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
Neighborhood: Pecan Plantation
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pecan Plantation
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$440 | |
| Property Insurance | -$158 | |
| HOA | -$153 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$309
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$325,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
0.67
YEARS SAVED
$788
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$1,755
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
6205 Joseph Drive Granbury, TX 3
- 3 beds 2 baths ∙ 2,260 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,260 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,670
- $0.74
-
9009 Pleasant Hill Drive Granbury, TX 1
- 3 beds 3 baths ∙ 2,169 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,169 Sqft ∙ Built 1993
LEASED 05/02/20- Rent
- Rent Per SQFT
- $1,650
- $0.76
-
6303 Keller Court Granbury, TX 2
- 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1998
LEASED 06/09/20- Rent
- Rent Per SQFT
- $1,650
- $0.80
-
6204 Prospect Hill Drive Granbury, TX 4
- 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1988
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,800
- $0.77
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14495651
Last Updated: 01/21/2021
