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805 Mallard Pointe Drive Granbury, TX 76049

3 Beds 3 Baths 2,546 sqft Built 2003

INVESTimate

$549,900

List Price

$2,380

$2,142 - $2,618

Rent Est.

$581,519  ( +5.75%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $215.99
  • 1 Days on Market
  • MLS # : 14420360
  • Updated Date : 08/26/2020 at 03:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,546 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Lake Granbury

Listing Agent's Description

You never have to leave home, unless it is to the Marina to enjoy the boat slip with electric lift. Backyard Oasis with play pool & spa, large patio, covered living area, outdoor bar & kitchen with all the amenities. Additional Storage, covered storage or cabana & detached garage for all of the toys or the perfect workshop (equip. 220) total parking spaces for 5 vehicles. Single storey home boasts large open living-dining- kitchen area centered on vaulted stone fireplace. Oversized Master bedroom has sitting room with spa bath, walkin closet, additiona cedar closet is also STORM SHELTER. Additional bedrooms in this split floorplan home have Jack-n-Jill bath that also opens to side of home as pool bath.

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
Oak Woods Intermediate School Primary Regular 593 31 7
Acton Middle School Middle Regular 821 48 6
Granbury High School High Regular 1,414 115 6

Oak Woods Intermediate School

  • Education Level: Primary
  • # of students: 593
  • # of teachers: 31
7
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
 

$494,910$604,890$549,900

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$2,029
Property Tax -$745
Property Insurance -$174
HOA -$56
Property Management Fees -$99
CASH FLOW
-$723

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.

$549,900

PROJECTED PRICE

$2,380

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.75%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$272

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,487

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3003$2,3804$2,800
$2,800
RENT COMPS ANALYSIS
  • 805 Mallard Pointe Drive Granbury, TX 3
    • 3 beds 3 baths ∙ 2,546 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,546 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $0.93
    •  
  • 1730 Rockview Drive Granbury, TX 1
    • 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2019
    property image
    LEASED 05/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.94
    •  
  • 1627 Rockview Drive Granbury, TX 2
    • 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2019
    property image
    LEASED 05/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.99
    •  
  • 2301 Wills Way Drive Granbury, TX 4
    • 4 beds 3 baths ∙ 2,803 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,803 Sqft ∙ Built 2020
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.00
    •  
PROPERTY LISTING DETAILS
Steve Fortner
Re/max Lake Granbury
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14420360
Last Updated: 08/26/2020
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