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810 Pecos River Drive Granbury, TX 76048

3 Beds 2 Baths 1,344 sqft Built 2017

$156,000

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $116.07
  • 2 Days on Market
  • MLS # : 14484567
  • Updated Date : 12/12/2020 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,344 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Traditional 2017 Double Wide home, located off South Morgan St., not far from the square. Home has had one owner and on a corner lot. Walk in the front door to a spacious living room that is open to kitchen and dining area. Split Master bedroom floor plan, with the secondary rooms and 1 bath on one side and the master bed and bath on the other. Each bedroom has a walk in closet. Master bathroom was recently remodeled. Spacious fenced backyard waiting for your grill and family gatherings. HOA provides access to lake, pool, park, boat ramp and community center. For showings, Dogs will be locked in 3rd bedroom. Do not enter this room.

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
Mambrino Elementary School Primary Regular 563 34 5
Granbury Middle School Middle Regular 711 50 4
Granbury High School High Regular 1,414 115 6

Mambrino Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 34
5
GreatSchools Rating

Granbury Middle School

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 50
4
GreatSchools Rating

Granbury High School

  • Education Level: High
  • # of students: 1,414
  • # of teachers: 115
6
GreatSchools Rating
 

$140,400$171,600$156,000

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$576
Property Tax -$211
Property Insurance -$105
HOA -$18
Property Management Fees -$99
CASH FLOW
$231

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.

$156,000

PROJECTED PRICE

$1,240

PROJECTED RENT

0.79%

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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$47,090

INVESTMENT

$47,090

Down Payment
$39,000
Rehab Estimate
$5,750
Closing Costs
$2,340

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$576

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $39,000
Loan Amount $117,000
See What Happens When You Reinvest Cash Flow

12.08

YEARS SAVED

$33,557

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,341

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,240
1$1,2402$1,3003$1,4004$1,5005$1,500
$1,500
RENT COMPS ANALYSIS
  • 810 Pecos River Drive Granbury, TX 1
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.92
    •  
  • 1208 Caballo Way Granbury, TX 2
    • 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 2000
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.93
    •  
  • 1525 Berry Patch Lane Granbury, TX 3
    • 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1998
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.98
    •  
  • 1513 Sunflower Lane Granbury, TX 4
    • 4 beds 2 baths ∙ 1,453 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,453 Sqft ∙ Built 1998
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.03
    •  
  • 1508 Spanish Trail Drive Granbury, TX 5
    • 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1998
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.05
    •  
PROPERTY LISTING DETAILS
Jodie Boutilier
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14484567
Last Updated: 12/12/2020
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