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1809 Arrow Wood Drive Flower Mound, TX 75028

4 Beds 3 Baths 3,162 sqft Built 1998

$436,500

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $138.05
  • 2 Days on Market
  • MLS # : 14465332
  • Updated Date : 11/14/2020 at 11:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,162 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

This desirable gem of a home is waiting for you! 2 story, 4- 2.1 w 3 living areas, a place for everyone to enjoy. Upgraded Kitchen w granite countertops, stainless steel appliances, island, & breakfast area that opens to the Family room w view of the bkyd & lovely marble fireplace. Loft game room up with cozy niche. Substantial master suite w separate sitting area. Upgraded 2nd bath w granite counter. Just painted: bedroom, hall, garage doors, front & back door, & kitchen cabinets! Roof, water heater, & AC unit were replaced in the last 2 years. The home boasts complete brick exterior! Large 2 car garage w storage. Walking distance to Shadow Ridge Park & Blue Bonnet elementary! Fabulous neighborhood a must see!

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: Shadowridge South

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k402k

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

Neighborhood: Shadowridge South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262573

* 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
Bluebonnet Elementary School Primary Regular 495 32 9
Shadow Ridge Middle School Middle Regular 721 52 10
Flower Mound High School High Regular 2,550 157 10

Bluebonnet Elementary School

  • Education Level: Primary
  • # of students: 495
  • # of teachers: 32
9
GreatSchools Rating

Shadow Ridge Middle School

  • Education Level: Middle
  • # of students: 721
  • # of teachers: 52
10
GreatSchools Rating

Flower Mound High School

  • Education Level: High
  • # of students: 2,550
  • # of teachers: 157
10
GreatSchools Rating
 

$392,850$480,150$436,500

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$1,610
Property Tax -$754
Property Insurance -$210
HOA -$19
Property Management Fees -$99
CASH FLOW
$8

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.

$436,500

PROJECTED PRICE

$2,700

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.5%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,423

INVESTMENT

$121,423

Down Payment
$109,125
Rehab Estimate
$5,750
Closing Costs
$6,548

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,610

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,125
Loan Amount $327,375
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$25,999

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,964

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7003$2,8504$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 1809 Arrow Wood Drive Flower Mound, TX 2
    • 4 beds 3 baths ∙ 3,162 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,162 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.85
    •  
  • 1005 Tanglewood Lane Flower Mound, TX 1
    • 5 beds 3 baths ∙ 3,100 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,100 Sqft ∙ Built 1996
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.87
    •  
  • 1304 Big Canyon Drive Flower Mound, TX 3
    • 4 beds 4 baths ∙ 2,931 Sqft ∙ Built 1998 4 beds 4 baths ∙ 2,931 Sqft ∙ Built 1998
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.97
    •  
  • 813 Crestfield Drive Flower Mound, TX 4
    • 5 beds 4 baths ∙ 3,164 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,164 Sqft ∙ Built 2000
    LEASED 07/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.95
    •  
  • 2129 Sheffield Lane Flower Mound, TX 5
    • 5 beds 3 baths ∙ 3,127 Sqft ∙ Built 1991 5 beds 3 baths ∙ 3,127 Sqft ∙ Built 1991
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.96
    •  
PROPERTY LISTING DETAILS
Carol June Crook
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465332
Last Updated: 11/14/2020
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