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904 Bandera Trail Granbury, TX 76048

3 Beds 2 Baths 1,920 sqft Built 2020

$287,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $149.48
  • 3 Days on Market
  • MLS # : 14488383
  • Updated Date : 12/18/2020 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,920 sqft
  • Baths : 2 full
Listing Agent

J Dawson Realty

Listing Agent's Description

Amazing New Build, Custom cabinets, Beautiful Millwork, Large Lot. Upgraded Stainless Steel Appliances, Soft close cabinet drawers and doors throughout. Wood-like tile, upgraded lighting. This home is full of quality and craftmanship.

SEE MORE

MARKET HIGHLIGHTS

  • # 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: 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
 

$258,300$315,700$287,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,059
Property Tax -$389
Property Insurance -$138
HOA -$40
Property Management Fees -$99
CASH FLOW
$255

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$287,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.69%

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) 3.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,055

INVESTMENT

$78,055

Down Payment
$71,750
Rehab Estimate
$2,000
Closing Costs
$4,305

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,750
Loan Amount $215,250
See What Happens When You Reinvest Cash Flow

10

YEARS SAVED

$50,358

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,987

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8503$1,8504$1,9805$2,150
$2,150
RENT COMPS ANALYSIS
  • 904 Bandera Trail Granbury, TX 4
    • 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $1.03
    •  
  • 1310 W Chippewa Trail Granbury, TX 1
    • 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2007
    property image
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 3909 Laramie Trail Granbury, TX 2
    • 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2018
    property image
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.07
    •  
  • 4001 Iron Horse Trail Granbury, TX 3
    • 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 2008
    property image
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.06
    •  
  • 4009 Ponca Drive Granbury, TX 5
    • 3 beds 1 baths ∙ 2,191 Sqft ∙ Built 2020 3 beds 1 baths ∙ 2,191 Sqft ∙ Built 2020
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.98
    •  
PROPERTY LISTING DETAILS
Deanna Valadez
J Dawson Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488383
Last Updated: 12/18/2020
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