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713 Coastal Meadows Granbury, TX 76049

4 Beds 3 Baths 2,837 sqft Built 2020

$489,900

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $172.68
  • 4 Days on Market
  • MLS # : 14455722
  • Updated Date : 11/05/2020 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,837 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Gorgeous new home in Rolling Creek Ranch! This 4 bedroom 3 bath and study floor plan has never been built in Rolling Creek and it should fit all your needs. Over sized rooms, a huge kitchen with island, and an over sized garage with an over sized golf cart garage. Upgraded tile throughout, upgraded granite counter tops, large closets, large utility room with sink, and too many significant upgrades to list. Premium oversized landscaped lot overlooking a private lake in the distance. A convenient location in a highly desirable subdivision. Very energy efficient. Ready to move in.

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
 

$440,910$538,890$489,900

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$1,808
Property Tax -$664
Property Insurance -$191
HOA -$50
Property Management Fees -$99
CASH FLOW
-$121

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$489,900

PROJECTED PRICE

$2,690

PROJECTED RENT

0.55%

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) 3.00%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,824

INVESTMENT

$131,824

Down Payment
$122,475
Rehab Estimate
$2,000
Closing Costs
$7,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,808

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,475
Loan Amount $367,425
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$20,616

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,688

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,690
1$2,6902$2,7503$2,7504$2,7805$2,825
$2,825
RENT COMPS ANALYSIS
  • 713 Coastal Meadows Granbury, TX 1
    • 4 beds 3 baths ∙ 2,837 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,837 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.95
    •  
  • 8051 White Drive Granbury, TX 2
    • 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2019
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.95
    •  
  • 591 Lydia Lane Granbury, TX 3
    • 4 beds 3 baths ∙ 3,022 Sqft ∙ Built 2020 4 beds 3 baths ∙ 3,022 Sqft ∙ Built 2020
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.91
    •  
  • 584 Lydia Lane Granbury, TX 4
    • 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2019
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $0.96
    •  
  • 613 Lydia Court Granbury, TX 5
    • 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2020
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,825
    • $0.97
    •  
PROPERTY LISTING DETAILS
Walter Hardin
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14455722
Last Updated: 11/05/2020
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