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316 Arrowhead Pass Keller, TX 76248

4 Beds 4 Baths 3,080 sqft Built 2020

$559,900

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $181.79
  • 3 Days on Market
  • MLS # : 14481161
  • Updated Date : 12/04/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,080 sqft
  • Baths : 3 full , 1 half
Listing Agent

Dfw Fine Properties

Listing Agent's Description

The Patton floor plan by West Point Homes features soaring ceilings with beams, crown molding, exquisite trim work throughout, stone fireplace, hand scraped red oak wood floors in entry, study, kitchen, family room and dining. The over sized windows and generous backyard patio give you a view of the community pond. The kitchen includes custom cabinets in white, designer lighting, designer back splash, island and granite counter tops. The master suite comes with a large walk in closet, sitting area, master bath with separate shower and soaking tub. Over sized utility room with custom cabinets and sink. Visit model for more information. Home is approx 60 days from completion. Photos are a Previous Patton Plan.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Zip Code: 76248

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Zip Code: 76248

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262728

* 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
Bear Creek Intermediate School Primary Regular 781 42 9
Bear Creek Intermediate School Middle Regular 781 42 9
Keller High School High Regular 2,645 145 10

Bear Creek Intermediate School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 42
9
GreatSchools Rating

Bear Creek Intermediate School

  • Education Level: Middle
  • # of students: 781
  • # of teachers: 42
9
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students: 2,645
  • # of teachers: 145
10
GreatSchools Rating
 

$503,910$615,890$559,900

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$2,066
Property Tax -$1,175
Property Insurance -$205
HOA -$45
Property Management Fees -$99
CASH FLOW
-$1,010

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.

$559,900

PROJECTED PRICE

$2,580

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 3.00%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$18k-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$150,374

INVESTMENT

$150,374

Down Payment
$139,975
Rehab Estimate
$2,000
Closing Costs
$8,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $139,975
Loan Amount $419,925
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$20

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,580

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,3953$2,3954$2,4255$2,580
$2,580
RENT COMPS ANALYSIS
  • 316 Arrowhead Pass Keller, TX 5
    • 4 beds 4 baths ∙ 3,080 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,080 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $0.84
    •  
  • 5212 Lori Valley Lane Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 2006
    property image
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.80
    •  
  • 1308 Mcentire Court Keller, TX 2
    • 4 beds 3 baths ∙ 2,859 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,859 Sqft ∙ Built 2002
    property image
    LEASED 07/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.84
    •  
  • 1313 Mcentire Court Keller, TX 3
    • 5 beds 4 baths ∙ 2,871 Sqft ∙ Built 2000 5 beds 4 baths ∙ 2,871 Sqft ∙ Built 2000
    property image
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.83
    •  
  • 220 Longford Court Keller, TX 4
    • 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2003
    property image
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $0.88
    •  
PROPERTY LISTING DETAILS
Lisa Wright
Dfw Fine Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481161
Last Updated: 12/04/2020
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