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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Granbury at 3023 Steepleridge Cir, Granbury, TX, 76048 priced at $285,000 converts $2,154/mo rent into $102/mo cash flow after a $1,395/mo obligation. Total monthly income equals $2,154/mo, and annual cash flow totals $1,229/yr on $94,478 invested. Return on cash invested prints 21.21% in year one, and rental yield reads 9.07% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 111.16% and total cumulative return in cash sums $105,018. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,154/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Single Family
Built in 2025
6,673 sqft lot
$N/A/sqft
$149 semi-annually HOA
Neighborhood data shown for ZIP Code: 76048, Granbury, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,104 (100%) |
| Owner Occupied HU | 8,556 (60.7%) |
| Renter Occupied HU | 3,550 (25.2%) |
| Vacant Housing Units | 1,998 (14.2%) |
| Median Home Value | $325,457 |
| Average Home Value | $424,077 |
Residential
13,237
Single Family
11,571
Multi-Family
1,666
Businesses
1,306
Date | Event | Price |
|---|---|---|
| 2025-05-14 | Listed for sale | $285,000 |
| 2024-03-08 | Sold | N/A |
| 2024-01-29 | Pending sale | $25,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-15 | $191.86 | -1.45% | $16,000 | N/A |
| 2023-05-15 | $194.69 | 4.50% | $16,000 | 14.29% |
| 2022-05-15 | $186.30 | 76.35% | $14,000 | 100.00% |
Listed by: Hossein Tavakoli • Master Key Realty
Mls Name: NTREIS
Mls ID: #20930686
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
