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6606 Forest Oaks Court Granbury, TX 76049

3 Beds 2 Baths 2,310 sqft Built 2005

$387,750

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $167.86
  • 2 Days on Market
  • MLS # : 14530685
  • Updated Date : 03/20/2021 at 02:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,310 sqft
  • Baths : 2 full
Listing Agent

Century 21 Property Advisors

Listing Agent's Description

Outstanding custom 3 bedroom, 2 bath home located in the secluded cul-de-sac of Forest Oaks. This stunning brick and stone home features the open concept with soaring ceilings, wood flooring and custom finished wood cabinetry. The kitchen features granite counter tops, ample decorative cabinetry, and brand new appliances -a chef's delight. Relax in the spacious living room with beautiful stone fireplace and over-sized ceiling fan. Primary bedroom features gorgeous lead glass window and large en-suite bath with separate shower, jetted tub and large walk-in closet. Working from home is easy in the beautiful office with lead glass accent and French doors. Beautifully landscaped yard with oak trees. Don't miss out!

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

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
 

$348,975$426,525$387,750

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,347
Property Tax -$525
Property Insurance -$161
Property Management Fees -$99
CASH FLOW
-$82

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.

$387,750

PROJECTED PRICE

$2,050

PROJECTED RENT

0.53%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,504

INVESTMENT

$108,504

Down Payment
$96,938
Rehab Estimate
$5,750
Closing Costs
$5,816

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,938
Loan Amount $290,813
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$14,000

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,302

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,5753$2,6504$2,690
$2,690
RENT COMPS ANALYSIS
  • 6606 Forest Oaks Court Granbury, TX 1
    • 3 beds 2 baths ∙ 2,310 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,310 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.89
    •  
  • 587 Lydia Lane Granbury, TX 2
    • 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 3
    • 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 4
    • 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
Andrea Burt
Century 21 Property Advisors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14530685
Last Updated: 03/20/2021
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