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3313 Arrow Creek Drive Granbury, TX 76049

4 Beds 2 Baths 1,764 sqft Built 2020

INVESTimate

$249,900

List Price

$1,850

$1,665 - $2,035

Rent Est.

$264,269  ( +5.75%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $141.67
  • 1 Days on Market
  • MLS # : 14416744
  • Updated Date : 08/26/2020 at 03:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,764 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Great new construction in Granbury's newest subdivision. Nice ceilings and numerous upgrades like crown, granite, custom cabinets, upgraded carpet in the bedrooms, and upgraded tile throughout. Separate shower and tub in master, ample storage, high end brick and stone exterior, landscaping, and much more! 4th bedroom would be great study. Very energy efficient. Ready to move in late August to early September!!!

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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,665$2,035$1,850

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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$922
Property Tax -$339
Property Insurance -$129
Property Management Fees -$99
CASH FLOW
$361

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.

$249,900

PROJECTED PRICE

$1,850

PROJECTED RENT

0.74%

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

TOTAL OUT OFPOCKET$68,224

INVESTMENT

$68,224

Down Payment
$62,475
Rehab Estimate
$2,000
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

12.67

YEARS SAVED

$60,055

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,821

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7753$1,8504$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 3313 Arrow Creek Drive Granbury, TX 4
    • 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.05
    •  
  • 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
    •  
  • 3213 Mc Coy Lane Granbury, TX 2
    • 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2019
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.01
    •  
  • 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
    •  
  • 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
Walter Hardin
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 #: 14416744
Last Updated: 08/26/2020
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