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6508 Edgewood Court Granbury, TX 76049

4 Beds 3 Baths 2,235 sqft Built 1994

$345,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $154.36
  • 4 Days on Market
  • MLS # : 14485404
  • Updated Date : 12/19/2020 at 12:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,235 sqft
  • Baths : 3 full
Listing Agent

Pendley Realty

Listing Agent's Description

Open House Dec 20th from 1-4pm! Please come by with realtor or call 817-501-6874 for details. Beautiful light and bright open floor plan with one of the best golf course views in Pecan. Access to clubhouse, pools, activity center, camp grounds, lake and marina, horse facility, airplane runway, and much more. 3 beds with extra room that can be used as a bedroom or office. 2 dining, 2 living areas and amazing hardwood floors. Two patios, huge landscaped front yard, golf cart garage, tons of windows with sunlight streaming in, crown molding throughout, 10' ceilings, sprinklers, #2 teebox fairway in backyard, river in front, smart lock on front door, tons of trees in neighborhood, gated community, and much more.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,273
Property Tax -$467
Property Insurance -$156
HOA -$153
Property Management Fees -$99
CASH FLOW
-$319

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.

$345,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.53%

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$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,738

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,827

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,8004$1,8305$2,400
$2,400
RENT COMPS ANALYSIS
  • 6508 Edgewood Court Granbury, TX 4
    • 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.82
    •  
  • 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
    property image
    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
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.80
    •  
  • 6204 Prospect Hill Drive Granbury, TX 3
    • 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1988
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.77
    •  
  • 9010 Bellechase Road Granbury, TX 5
    • 3 beds 3 baths ∙ 2,558 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,558 Sqft ∙ Built 1998
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.94
    •  
PROPERTY LISTING DETAILS
M. Andrea Pendley
Pendley Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485404
Last Updated: 12/19/2020
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