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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $130.43
- 2 Days on Market
- MLS # : 14497215
- Updated Date : 01/09/2021 at 21:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,456 sqft
- Baths : 2 full
Listing Agent
Mersal Realty
Listing Agent's Description
Nothing left to do but move in!!. A level property consisting of 3+lots. Home is in the middle with large 3 car garage with workshop and 3 car carport to the right. A storage building with an RV cover with 50Amp service to the left. Completely fenced in. Lots of trees in back. Large new concrete driveway. Back screened in porch, front porch. Home completely renovated with new water heater, new 4 ton air cond. Furnace 2 years old. New flooring, kitchen cabinets, counter tops, lights, doors, windows, bathroom, paint. Whirlpool appliances refrig, stove, dishwasher and microwave. This home is ready to just move in and enjoy. Immaculately clean. Central location to everything. Easy commute to FW or Stephenville.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
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 | $1,270 |
| EXPENSES | Loan Payment | -$660 |
| Property Tax | -$257 | |
| Property Insurance | -$111 | |
| HOA | -$12 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$131
|
||
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.
$189,900
PROJECTED PRICE
$1,270
PROJECTED RENT
0.67%
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) | 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
$56,074
LOAN DETAILS
$660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $47,475 |
| Loan Amount | $142,425 |
8.42
YEARS SAVED
$21,023
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,270
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,401
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
808 Harness Trail Granbury, TX 1
- 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1982
- Rent
- Rent Per SQFT
- $1,270
- $0.87
-
3142 Shady Grove Circle Granbury, TX 2
- 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1998
LEASED 10/15/20- Rent
- Rent Per SQFT
- $1,450
- $1.00
-
1111 Calinco Drive Granbury, TX 3
- 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1996
LEASED 11/05/19- Rent
- Rent Per SQFT
- $1,500
- $0.96
-
321 Mustang Trail Granbury, TX 4
- 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1988
LEASED 09/17/20- Rent
- Rent Per SQFT
- $1,500
- $0.94
-
1111 Dove Hollow Road Granbury, TX 5
- 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1982
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,695
- $0.95
PROPERTY LISTING DETAILS
Mersal Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14497215
Last Updated: 01/09/2021
