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9408 S Longwood Drive Granbury, TX 76049

4 Beds 3 Baths 2,121 sqft Built 2006

$329,900

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $155.54
  • 4 Days on Market
  • MLS # : 14522413
  • Updated Date : 02/26/2021 at 19:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,121 sqft
  • Baths : 2 full , 1 half
Listing Agent

Prairie Wind Real Estate

Listing Agent's Description

Charming new listing in the heart of Pecan Plantation golfing community. Custom built 3-2.5-2.5 open concept floor plan with split bedrooms.. Formal dining room. Upgraded crown molding, granite, custom cabinets, gas log fireplace, built-ins in living area. Handsome wood floors in main living area and office-study, that could also serve as a 4th bedroom. Big master closet. Wonderful screened in back porch with attractive slate look tile floors and wood ceiling. Nice laundry room with sink and big pantry or shelved storage closet. Oversized two car garage with additional golf cart space. Sprinkler system. 2018 roof. Newer wood privacy fence. Off the beaten path. accepting best offers thru 5 pm Sunday, Feb. 28.

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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,146
Property Tax -$447
Property Insurance -$150
HOA -$153
Property Management Fees -$99
CASH FLOW
-$235

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.

$329,900

PROJECTED PRICE

$1,760

PROJECTED RENT

0.53%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,516

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,711

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,6954$1,760
$1,760
RENT COMPS ANALYSIS
  • 9408 S Longwood Drive Granbury, TX 4
    • 4 beds 3 baths ∙ 2,121 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,121 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.83
    •  
  • 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
    •  
  • 6303 Keller Court Granbury, TX 2
    • 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1998
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.80
    •  
  • 7823 Ravenswood Road Granbury, TX 3
    • 3 beds 3 baths ∙ 1,962 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,962 Sqft ∙ Built 1987
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.86
    •  
PROPERTY LISTING DETAILS
Lana Robinson
Prairie Wind Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522413
Last Updated: 02/26/2021
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