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1333 Arrowwood Drive Aubrey, TX 76227

3 Beds 3 Baths 2,181 sqft Built 2020

INVESTimate

$356,377

List Price

$1,950

$1,755 - $2,145

Rent Est.

$383,497  ( +7.61%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $163.40
  • 2 Days on Market
  • MLS # : 14420888
  • Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,181 sqft
  • Baths : 2 full , 1 half
Listing Agent

Highland Homes Realty

Listing Agent's Description

MLS# 14420888 - Built by Highland Homes - November completion! ~ 12' ceilings welcome you into this beautiful home! Wood floors flow from front door through halls, study, family room & kitchen. Kitchen features white cabinets, light gray granite countertops, herringbone pattern backsplash, SS built in appliances & pendant lighting! Master bath has separate shower & tub, dbl sink vanity w-knee space plus large walk-in closet.

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

Zip Code: 76227

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 76227

ZipNIR 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
Savannah Elementary School Primary Regular 640 42 6
Navo Middle School Middle Regular 1,077 65 7
Denton High School High Regular 2,166 140 6

Savannah Elementary School

  • Education Level: Primary
  • # of students: 640
  • # of teachers: 42
6
GreatSchools Rating

Navo Middle School

  • Education Level: Middle
  • # of students: 1,077
  • # of teachers: 65
7
GreatSchools Rating

Denton High School

  • Education Level: High
  • # of students: 2,166
  • # of teachers: 140
6
GreatSchools Rating
 

$320,739$392,015$356,377

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,315
Property Tax -$762
Property Insurance -$153
HOA -$65
Property Management Fees -$99
CASH FLOW
-$444

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$356,377

PROJECTED PRICE

$1,950

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.61%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$96,440

INVESTMENT

$96,440

Down Payment
$89,094
Rehab Estimate
$2,000
Closing Costs
$5,346

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,315

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,094
Loan Amount $267,283
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$158

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,001

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9003$1,9504$1,9505$1,995
$1,995
RENT COMPS ANALYSIS
  • 1333 Arrowwood Drive Aubrey, TX 4
    • 3 beds 3 baths ∙ 2,181 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,181 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.89
    •  
  • 1704 Meadow Trail Lane Aubrey, TX 1
    • 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2016
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 913 Alton Drive Aubrey, TX 2
    • 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 2019
    property image
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
  • 1721 Ridge Creek Lane Aubrey, TX 3
    • 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 2016
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.97
    •  
  • 1909 Ranch Trail Road Aubrey, TX 5
    • 4 beds 3 baths ∙ 2,157 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,157 Sqft ∙ Built 2016
    property image
    LEASED 10/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.92
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Highland Homes Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14420888
Last Updated: 08/25/2020
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