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$312,000

5408 Cortez Dr, Granbury, TX, 76049

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,351 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.41 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Refrigerator, Tankless Water Heater, Washer
FlooringCeramic Tile

Building Information

Year Built1976
Stories1
Garage Spaces2

Land Information

APN11644.000.0427.0
Lot Number427
SubdivisionDecordova Bend Est
Land UseResidential
Legal DescriptionLOT: 427 SUBD: DECORDOVA BEND EST UN 4
Census Tract160213
Assessed Land Value$40,000
Assessed Improvement Value$217,880
Assessment Year2025

About this property

**GOLFER'S DREAM RENTAL**MONTHLY HOA FEE OF $408.21 INCLUDES GREEN FEES AND A TON OF AMENITIES** Located in the highly sought-after DeCordova Bend Estates! This amenity-rich community offers a lifestyle of leisure and luxury, featuring top-notch golf courses, tennis courts, a marina & boat ramp on Lake Granbury, a sparkling swimming pool, pickleball, sand volleyball, a playground, and a clubhouse with fine dining and the 19th hole. Step into this beautifully updated home boasting a spacious living room adorned with vaulted and beamed ceilings, complemented by a charming Austin stone fireplace. French doors invite you to an oversized covered porch, perfect for entertaining or enjoying peaceful evenings in your fenced yard. The modern kitchen is a chef’s delight, featuring shaker-style cabinets, stunning granite countertops, a farmhouse sink, and a convenient breakfast bar. With a thoughtful split bedroom layout, the primary retreat offers an ensuite bath and a generous walk-in closet for all your storage needs. Enjoy easy living with engineered wood and tile flooring throughout—no carpet here! The property includes a two-car garage for your convenience. Located on the east side of Granbury, you’ll benefit from an easy commute to Fort Worth while being just moments away from popular shopping destinations like HEB, Kroger, Marshall's, and Home Goods. Don’t miss out on this incredible opportunity to live in a vibrant community with endless amenities. Schedule your tour today! Up to 3 pets allowed at owners discretion. Dogs under 60 lbs. & cats okay. Application and background check required for all occupants 18 or over. Partially furnished. Incudes washer, dryer, refrigerator & golf cart. The tenant HOA fee is $408.21 monthly. Monthly income must be 3x the rent.

Investor Tools

Property Icon
$312,000
Estimated Property Value
$274,550Estimated Mortgage Balance
$47,316Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,872 /month
Positive
Cash Flow Estimate:
$624 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$300/month
$408/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,042
$257,880
2025
$40,000
$217,880
$257,880
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,042
$257,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$274,550
No
First
May 15, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$264,684
$47,316
15%
85%
$1,647/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Granbury

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5408 Cortez Dr | Property Details | No Agent List