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9005 Sawgrass Court Granbury, TX 76049

3 Beds 2 Baths 2,474 sqft Built 2004

$435,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $175.83
  • 3 Days on Market
  • MLS # : 14466038
  • Updated Date : 11/05/2020 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,474 sqft
  • Baths : 2 full
Listing Agent

Property Consultants

Listing Agent's Description

Beautiful property to call home. Circle drive in front. Many pecan trees scattered about the 1.13 acre lot. Gorgeous pool in backyard with covered patio and detached 3 car garage. Room for your golf cart and the Nutcracker Golf Club is just out the back gate. Set up your home office in the formal living room. Split bedroom arrangement. Large kitchen with center island. Many amenities including tennis, golf, swimming, and the air strip if just a few blocks away. Life is good at Pecan Plantation.

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

Neighborhood: Pecan Plantation

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $96k336k

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

Neighborhood: Pecan Plantation

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,605
Property Tax -$589
Property Insurance -$170
HOA -$179
Property Management Fees -$99
CASH FLOW
-$442

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$435,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,311

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,210

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$2,2003$2,2004$2,400
$2,400
RENT COMPS ANALYSIS
  • 9005 Sawgrass Court Granbury, TX 3
    • 3 beds 2 baths ∙ 2,474 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,474 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.89
    •  
  • 9009 Pleasant Hill Drive Granbury, TX 1
    • 3 beds 3 baths ∙ 2,169 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,169 Sqft ∙ Built 1993
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.76
    •  
  • 4716 W Wedgefield Road Granbury, TX 2
    • 3 beds 2 baths ∙ 2,243 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,243 Sqft ∙ Built 2015
    LEASED 05/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.98
    •  
  • 9010 Bellechase Road Granbury, TX 4
    • 3 beds 3 baths ∙ 2,558 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,558 Sqft ∙ Built 1998
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.94
    •  
PROPERTY LISTING DETAILS
Michael Mcdonald
Property Consultants
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466038
Last Updated: 11/05/2020
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