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PROPERTY INFO
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
- # 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
* 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 | $1,830 |
| 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
| 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
$97,175
LOAN DETAILS
$1,273
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
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
-
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
Pendley Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14485404
Last Updated: 12/19/2020
