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803 Panama Court Granbury, TX 76048

3 Beds 3 Baths 2,804 sqft Built 2018

$565,000

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $201.50
  • 6 Days on Market
  • MLS # : 14489601
  • Updated Date : 12/23/2020 at 10:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,804 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp And Associates Burleson

Listing Agent's Description

No City Taxes! Waterfront property in the heart of Granbury in The Shores subdivision. Just one right turn down the canal to main body of Lake Granbury. Encapsulated foam insulation with water softener & water filtration system, central vacuum system. Gourmet kitchen with 2 refrigerator’s, granite counter tops, large island with sink, stainless steel appliances. Large living area with coffered 10 ft ceilings. Wood look tile throughout the home. Oversized master bedroom and the master closet is amazing! Enclosed back patio with removable solar screens if desired. Boat dock is wired for electricity, just needs to be connected. Too many extras to list. Shows like a new home.

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: 76048

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $82k243k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 76048

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9991734

* 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
Brawner Intermediate School Primary Regular 413 27 4
Acton Middle School Middle Regular 821 48 6
Granbury High School High Regular 1,414 115 6

Brawner Intermediate School

  • Education Level: Primary
  • # of students: 413
  • # of teachers: 27
4
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
 

$508,500$621,500$565,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,085
Property Tax -$765
Property Insurance -$189
Property Management Fees -$99
CASH FLOW
-$498

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.

$565,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.4%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,085

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,093

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $3,112

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,640
1$2,6402$3,000
$3,000
RENT COMPS ANALYSIS
  • 803 Panama Court Granbury, TX 1
    • 3 beds 2 baths ∙ 2,804 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,804 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $0.94
    •  
  • 1210 Mallard Way Granbury, TX 2
    • 3 beds 3 baths ∙ 2,694 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,694 Sqft ∙ Built 1998
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.11
    •  
PROPERTY LISTING DETAILS
Cynthia Metcalf
Jp And Associates Burleson
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14489601
Last Updated: 12/23/2020
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