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716 Coastal Meadows Court Granbury, TX 76049

4 Beds 3 Baths 2,834 sqft Built 2020

$525,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $185.25
  • 5 Days on Market
  • MLS # : 14473024
  • Updated Date : 11/18/2020 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,834 sqft
  • Baths : 3 full
Listing Agent

Magnolia Realty

Listing Agent's Description

Brand New Construction in Rolling Creek Ranch! Presented by award winning Couto homes, this stunning four bedroom, three bath offers a beautiful iron entry, coffered ceiling, front study, open living and dining with stone fireplace, decorative lighting, bonus living area and inviting kitchen complete with breakfast bar dining, Whirlpool double ovens and walk in pantry. Natural granite throughout home and energy efficient installments such as LowE windows, spray foam insulation and hot water re-circulation. The master boasts a luxurios tub, separate vanities, walk in shower and coveted walk in closet. Fall in love with the views and everything this beauty has to offer. Move in ready, make yours today!

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
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$1,937
Property Tax -$711
Property Insurance -$191
HOA -$50
Property Management Fees -$99
CASH FLOW
-$218

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.

$525,000

PROJECTED PRICE

$2,770

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) 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$141,125

INVESTMENT

$141,125

Down Payment
$131,250
Rehab Estimate
$2,000
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$15,938

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,749

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,695
1$2,6952$2,7703$2,950
$2,950
RENT COMPS ANALYSIS
  • 716 Coastal Meadows Court Granbury, TX 2
    • 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $0.98
    •  
  • 600 Lydia Court Granbury, TX 1
    • 4 beds 2 baths ∙ 2,828 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,828 Sqft ∙ Built 2020
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.95
    •  
  • 572 Lydia Lane Granbury, TX 3
    • 4 beds 3 baths ∙ 2,970 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,970 Sqft ∙ Built 2019
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.99
    •  
PROPERTY LISTING DETAILS
Zeke Dorr
Magnolia Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473024
Last Updated: 11/18/2020
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