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9212 Ravenswood Road Granbury, TX 76049

3 Beds 2 Baths 2,012 sqft Built 1993

$390,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $193.84
  • 2 Days on Market
  • MLS # : 14493120
  • Updated Date : 01/09/2021 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,012 sqft
  • Baths : 2 full
Listing Agent

Fort Worth Property Group

Listing Agent's Description

Fabulous property in Pecan Plantation on close to 2 acres of property sitting on the Brazos River. Exposed stone and wood rustic features, with walls of windows overlooking scenic views for miles. The main living area has two story vaulted ceiling with exposed beams and stone fireplace. Exposed loft space above can be utilized for bedroom or home office. The kitchen has updated appliances, granite counter tops and large island with breakfast bar. Spacious master bedroom with separate sitting area, full en suite with claw foot tub. Large sunroom leads out to expansive deck and Jacuzzi. Solar panels provide great energy efficiency. Attached please find 360 Virtual Tour to preview property in it's entirety.

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

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
 

$351,000$429,000$390,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,355
Property Tax -$561
Property Insurance -$143
HOA -$165
Property Management Fees -$99
CASH FLOW
-$403

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.

$390,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.49%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$534

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,683

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8503$1,9204$2,000
$2,000
RENT COMPS ANALYSIS
  • 9212 Ravenswood Road Granbury, TX 3
    • 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.95
    •  
  • 9705 Wappoo Court Granbury, TX 1
    • 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 1976 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 1976
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.77
    •  
  • 9517 Ravenswood Road Granbury, TX 2
    • 3 beds 3 baths ∙ 2,257 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,257 Sqft ∙ Built 2005
    LEASED 08/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.82
    •  
  • 8611 Ravenswood Road Granbury, TX 4
    • 3 beds 3 baths ∙ 2,163 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,163 Sqft ∙ Built 1997
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.92
    •  
PROPERTY LISTING DETAILS
Sanford Finkelstein
Fort Worth Property Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493120
Last Updated: 01/09/2021
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