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6308 Blackfoot Trail De Cordova, TX 76049

3 Beds 3 Baths 2,345 sqft Built 2018

$450,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $191.90
  • 3 Days on Market
  • MLS # : 14522962
  • Updated Date : 02/26/2021 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,345 sqft
  • Baths : 2 full , 1 half
Listing Agent

Solvent Realty Group

Listing Agent's Description

Welcome home! Custom built by the owners in 2018, no expense was spared! Light and bright with an open living concept. Three bedrooms, two and one half bathrooms with the option to add an additional bedroom and full bathroom and over 400 square feet upstairs with some simple finish out work! This show stopper is situated on a beautiful corner lot in a highly sought gated community with that offers lake access and a community lifestyle. Also comes with a slip for your boat that is complete with a lift! You better hurry on this one! It wont last long in this market!

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: 76049

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $96k250k

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

Zip Code: 76049

ZipNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

* 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
Acton Elementary School Primary Regular 727 40 6
Acton Middle School Middle Regular 821 48 6
Granbury High School High Regular 1,414 115 6

Acton Elementary School

  • Education Level: Primary
  • # of students: 727
  • # of teachers: 40
6
GreatSchools Rating

Acton Middle School

  • Education Level: Middle
  • # of students: 821
  • # of teachers: 48
6
GreatSchools Rating

Granbury High School

  • Education Level: High
  • # of students: 1,414
  • # of teachers: 115
6
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,563
Property Tax -$610
Property Insurance -$163
HOA -$170
Property Management Fees -$99
CASH FLOW
-$254

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.

$450,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$5,958

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,374

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3503$2,5754$2,6505$2,690
$2,690
RENT COMPS ANALYSIS
  • 6308 Blackfoot Trail De Cordova, TX 2
    • 3 beds 3 baths ∙ 2,345 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,345 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.00
    •  
  • 6405 Sonora Drive Granbury, TX 1
    • 3 beds 2 baths ∙ 2,083 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,083 Sqft ∙ Built 2006
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.06
    •  
  • 587 Lydia Lane Granbury, TX 3
    • 3 beds 3 baths ∙ 2,650 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,650 Sqft ∙ Built 2020
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $0.97
    •  
  • 7136 Heathington Court Granbury, TX 4
    • 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2019
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.00
    •  
  • 232 Maverick Court Granbury, TX 5
    • 4 beds 3 baths ∙ 2,629 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,629 Sqft ∙ Built 2019
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $1.02
    •  
PROPERTY LISTING DETAILS
Robert Blackman
Solvent Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522962
Last Updated: 02/26/2021
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