Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76048
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$155,475
LOAN DETAILS
$2,085
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $141,250 |
| Loan Amount | $423,750 |
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
-
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
Jp And Associates Burleson
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14489601
Last Updated: 12/23/2020
