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6205 Joseph Drive Granbury, TX 76049

3 Beds 2 Baths 2,260 sqft Built 1998

$325,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
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

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

Neighborhood: Pecan Plantation

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $96k336k

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

Neighborhood: Pecan Plantation

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

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
$1,650
1$1,6502$1,6503$1,6704$1,800
$1,800
RENT COMPS ANALYSIS
  • 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
Kacey Huggins
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495651
Last Updated: 01/21/2021
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