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3312 Arrow Creek Drive Granbury, TX 76049

3 Beds 2 Baths 1,514 sqft Built 2020

INVESTimate

$227,900

List Price

$1,800

$1,620 - $1,980

Rent Est.

$62,394

Investment Est.

$241,004 ( +5.75%) 1 YR EST. FORECAST

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AVAILABLE

1 YEAR
Gross Yield	9.48%
NOI	$13,332

15 YEAR
Yield	14.66%
Appreciation	3.57%
TOTAL RETURN	29.38%

PROPERTY INFO

Built 2020 NEW CONSTRUCTION

August 26, 2020 RECENTLY ADDED

FACTS

Built In 2020
Price/Sqft : $150.53
2 Days on Market
MLS # : 14419182
Updated Date : 08/25/2020 at 22:00

CONSTRUCTION

Beds : 3
Floor Size : 1,514 sqft
Baths : 2 full

Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Brand new home on Acton side of town. Upgraded flooring, granite, LED lights, Vinyl tilt in windows, fixtures, Full sod and sprinkler system and more. Will be done mid September.

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3111 Arrow Creek Dr

Granbury, Texas

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MARKET HIGHLIGHTS

Dallas Market Report

. 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)

Zip Code: 76049

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

Zip Code: 76049

* 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

GreatSchools Rating

Acton Middle School

Education Level: Middle
# of students: 821
# of teachers: 48

GreatSchools Rating

Granbury High School

Education Level: High
# of students: 1,414
# of teachers: 115

GreatSchools Rating

FINANCIALS

Learn how to read this

$205,110$250,69000$227,900

PURCHASE PRICE

$1,620$1,98000$1,800

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,800
EXPENSES	Loan Payment	-$841
	Property Tax	-$309
	Property Insurance	-$115
	Property Management Fees	-$99




CASH FLOW $437

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.

$227,900

PROJECTED PRICE

$1,800

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.78%
Appreciation Year (1-5)	5.75%
Maintenance Year (1-5)	3.00%
Vacancy	6.39%
Length of Stay Years	2

TOTAL CASH OUT OF POCKET

INVESTMENT

$62,394

Down Payment	$56,975
Rehab Estimate	$2,000
Closing Costs	$3,419

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$841

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$56,975
Loan Amount	$170,925

See What Happens When You Reinvest Cash Flow

14.42

YEARS SAVED

$63,817

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,800
LIST RENT
$1.19
LIST RENT PER SQFT

$1,794
COMP ESTIMATED VALUE
$1.18
COMP AVG. RENT PER SQFT

Comps Range

$1,700

1$1,7002$1,7503$1,8004$1,8505$1,900

$1,900

RENT COMPS ANALYSIS

1,514
PROPERTY SQFT
$1.18
AVG RENT PER SQFT
$1,794
ESTIMATED VALUE
$1,800
LIST RENT

3312 Arrow Creek Drive Granbury, TX 2

3 beds 2 baths ∙ 1,514 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 2020
Price

Price Per SQFT

$227,900

$150.53
3207 White Horse Drive Granbury, TX 1

3 beds 2 baths ∙ 1,514 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 2019
SOLD 03/18/20
Price

Price Per SQFT

$222,900

$147.23
3203 White Horse Drive Granbury, TX 3

3 beds 3 baths ∙ 1,613 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,613 Sqft ∙ Built 2019
SOLD 04/02/20
Price

Price Per SQFT

$232,900

$144.39
3203 Windcrest Drive Granbury, TX 4

3 beds 2 baths ∙ 1,661 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 2019
SOLD 07/20/20
Price

Price Per SQFT

$239,500

$144.19
3210 White Horse Drive Granbury, TX 5

3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2019
SOLD 04/17/20
Price

Price Per SQFT

$239,900

$147.09

3312 Arrow Creek Drive Granbury, TX 3

3 beds 2 baths ∙ 1,514 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 2020
Rent

Rent Per SQFT

$1,800

$1.19
448 Silverton Granbury, TX 1

3 beds 2 baths ∙ 1,494 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 2018
LEASED 05/14/20
Rent

Rent Per SQFT

$1,700

$1.14
3300 White Horse Drive Granbury, TX 2

3 beds 2 baths ∙ 1,519 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 2020
LEASED 08/20/20
Rent

Rent Per SQFT

$1,750

$1.15
3215 Mccoy Lane Granbury, TX 4

3 beds 2 baths ∙ 1,548 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 2018
LEASED 04/02/20
Rent

Rent Per SQFT

$1,850

$1.20
3202 Arrow Creek Drive Granbury, TX 5

3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2020
LEASED 08/22/20
Rent

Rent Per SQFT

$1,900

$1.25

PROPERTY LISTING DETAILS

Brian Blevins
Berkshire Hathawayhs Penfed Tx

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419182
Last Updated: 08/25/2020

3312 Arrow Creek Drive Granbury, TX 76049

INVESTimate

$227,900

$1,800

$62,394

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Acton Elementary School

Acton Middle School

Granbury High School

FINANCIALS

$205,110$250,69000$227,900

$1,620$1,98000$1,800

Acquisition Concierge

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$227,900

$1,800

0.79%

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$841

14.42

$63,817

$227,900

$150.53

$220,628

$145.73

COMPS RANGE

PRICE COMPS ANALYSIS

$1,800

$1.19

$1,794

$1.18

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS