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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76049
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$141,125
LOAN DETAILS
$1,937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
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
-
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
Magnolia Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14473024
Last Updated: 11/18/2020
