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3315 Arrow Creek Drive 
Granbury, TX
76049
3 Beds 2 Baths 1,524 sqft
Built 2020
INVESTimate
$227,900
List Price
$62,394
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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $149.54
- 1 Days on Market
- MLS # : 14416769
- Updated Date : 08/25/2020 at 21:10
CONSTRUCTION
- Beds : 3
- Floor Size : 1,524 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathawayhs Penfed Tx
Listing Agent's Description
Wonderful new home convenient to everything on the Fort Worth side of town. Open floor plan and a split bedroom arrangement with too many upgrades to list. Fully landscaped yard with sprinkler. Double vanity in the master bath, custom cabinets, vaulted ceilings, ample storage and much more! Home will be ready late August to early September.
SEE MORE
- . 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
* 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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$841 |
| Property Tax | -$309 | |
| Property Insurance | -$115 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$446
|
||
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
$1,810
PROJECTED RENT
0.79%
PROJECTED RENT / PRICE RATIO
| 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
LOAN DETAILS
$841
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,975 |
| Loan Amount | $170,925 |
14.5
YEARS SAVED
$64,505
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$1.19
LIST RENT PER SQFT
-
$1,806
COMP ESTIMATED VALUE -
$1.19
COMP AVG. RENT PER SQFT
Comps Range
-
3315 Arrow Creek Drive Granbury, TX 3
- 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,810
- $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
Berkshire Hathawayhs Penfed Tx
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14416769
Last Updated: 08/25/2020
