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3308 Arrow Creek Drive Granbury, TX 76049

4 Beds 2 Baths 1,764 sqft Built 2020

$275,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $155.90
  • 2 Days on Market
  • MLS # : 14490678
  • Updated Date : 12/26/2020 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,764 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Fort Worth side of town. Built in 2020, better than new, blinds, established landscaping. Great new construction in one of Granbury's newest subdivision. Nice ceilings and numerous upgrades like crown molding, granite counters, custom cabinets, upgraded carpet in the bedrooms, and upgraded tile throughout. Separate shower and tub in master bathroom, ample storage, high end brick and stone exterior, landscaping, and much more! 4th bedroom would be great study or office or kids playroom. Very energy efficient, Low E windows, Radiant Barrier, Heat Pump, Ceiling Fans. Spacious covered back patio, large fenced backyard, sprinkler system. Quality throughout, ready for you to bring your things and movie in!

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: 76049

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $96k250k

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

Zip Code: 76049

ZipNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

* 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
Acton Elementary School Primary Regular 727 40 6
Acton Middle School Middle Regular 821 48 6
Granbury High School High Regular 1,414 115 6

Acton Elementary School

  • Education Level: Primary
  • # of students: 727
  • # of teachers: 40
6
GreatSchools Rating

Acton Middle School

  • Education Level: Middle
  • # of students: 821
  • # of teachers: 48
6
GreatSchools Rating

Granbury High School

  • Education Level: High
  • # of students: 1,414
  • # of teachers: 115
6
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,015
Property Tax -$373
Property Insurance -$129
Property Management Fees -$99
CASH FLOW
$225

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$275,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.8%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,875

INVESTMENT

$74,875

Down Payment
$68,750
Rehab Estimate
$2,000
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$46,135

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,821

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8403$1,8504$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 3308 Arrow Creek Drive Granbury, TX 2
    • 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $1.04
    •  
  • 3205 Arrow Creek Drive Granbury, TX 1
    • 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2019
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.00
    •  
  • 3201 Main Street Granbury, TX 3
    • 4 beds 2 baths ∙ 1,786 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,786 Sqft ∙ Built 2017
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.04
    •  
  • 3208 Arrow Creek Drive Granbury, TX 4
    • 3 beds 3 baths ∙ 1,836 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,836 Sqft ∙ Built 2019
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.01
    •  
  • 3204 White Horse Drive Granbury, TX 5
    • 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 2020
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.08
    •  
PROPERTY LISTING DETAILS
Elia Garces
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490678
Last Updated: 12/26/2020
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