1523 Berry Patch Ln

Granbury, TX 76048

3 bed
2 bath
1,325 sqft
7,620 sqft lot

Investment details

Asking

$189,000

ARV

$265k

Fix & flip profit

$30k-$35k

Rent estimate

$1,800-$2,100/mo

Investment Calculator

Line item	Amount
Resale valueAfter repairs, based on the comps below	$265,000
Purchase price	(189,000)
Buy-side closing2% of purchase, title and escrow	(3,780)
Rehabinterior cosmetic paint throughout, refinish hardwood flooring	(20,000 – 25,000)
Agent commission5% of resale	(13,250)
Closing costs1.5% of resale, title and escrow	(3,975)
Your profit15% on cash in 5 months, about 36% annualized	$29,995 – $34,995

Carrying costs are not in the column above. Taxes, insurance and utilities run about $800/mo, so a 5-month hold puts roughly $4,000 against it and you net $25,995 – $30,995. Financed with hard money, subtract points and interest on top.

Why this market

Granbury sits about 35 minutes southwest of Fort Worth on Lake Granbury, anchored by a historic downtown square that keeps tourism and rental demand strong year round, and its population is up double digits since 2020 as DFW growth pushes outward. Four sold homes on the same streets closed from $241,900 to $279,500 and average $264,100, so the $265,000 resale sits right in the middle of the comps instead of stretching above them. Rents for a home like this run roughly $1,800 to $2,100 a month, so you can flip it for the spread or hold it as a cash flowing rental. Either way, the neighborhood is doing the work for you.

Comparable sales

1906 W Spanish Trail Dr, Granbury, TX 76048
$279,500View
1408 Spanish Trail Dr, Granbury, TX 76048
$275,000View
1511 Clover Ln, Granbury, TX 76048
$260,000View
1516 Clover Ln, Granbury, TX 76048
$241,900View

Repairs

Estimated finish budget: $20k-$25k depending on contractor.

Interior cosmetic paint throughout
Refinish hardwood flooring