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1011 Santa Fe Trail Horseshoe Bay, TX 78657

3 Beds 2 Baths 1,484 sqft Built 2008

$272,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $183.29
  • 4 Days on Market
  • MLS # : 5081806
  • Updated Date : 02/12/2021 at 20:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,484 sqft
  • Baths : 2 full
Listing Agent

Hillcountryrealestate.com

Listing Agent's Description

Such a unique property! Secluded house located on an empty culdesac. Quiet mornings and nights. Minutes away from everything!

SEE MORE

MARKET HIGHLIGHTS

  • Austin metro contributes to 8.4% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 in U.S. Cities attracting the most workers and a preferred destination for job movers (LinkedIn, August 2018; Glassdoor May 2018 )
  • Austin metro economy is worth over $153 billion in Gross Metro Product and projected to grow to $162 billion in 2019 (USMayors.org, 2018)
  • #2 in Top 10 cities for entrepreneurs and start-ups (Business.org, 2018)
  • #3 on Best Cities for Renters (Smart Asset, July 2018)
  • #1 in 125 Best Places to Live in the USA (U.S. News, 2019)
  • Austin metro employment growth is at 3.4% and predicted to grow at 2.9% in 2019 (USMayors.org, 2018)
  • Companies with headquarters and major regional presence in Austin: Dell, Whole Foods, Apple, AMD, IBM, Flextronics, Google, Facebook, National Instruments, and Freescale Semiconductor. Apple announced an investment of $1 billion in a new 133-acre campus in Austin accommodating an additional 5,000 employees.
  • Austin metro has 70% labor force participation rate, one of the highest in the nation and higher than the national rate 62.8% (USMayors.org, 2018)
  • Austin ranks #7 in total venture capital deals flow with $1.84 billion venture funding flowing in to the metro in 2019, an increase of 19.5% from the previous year (Crunchbase News, 2020)

PRICE & RENT TRENDS

Neighborhood: The Uplands

ZipNIR Market*CityMarket2010Year2000 Q22019100k150k200k250k300k350k400kPrice in $72k408k

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

Neighborhood: The Uplands

Neighborhood2018 Q3Year20182019 Q21000120014001600Rent in $9111709

* 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
Colt Elementary School Primary Regular 581 42 7
Marble Falls Middle School Middle Regular 889 57 4
Marble Falls High School High Regular 1,165 80 6

Colt Elementary School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 42
7
GreatSchools Rating

Marble Falls Middle School

  • Education Level: Middle
  • # of students: 889
  • # of teachers: 57
4
GreatSchools Rating

Marble Falls High School

  • Education Level: High
  • # of students: 1,165
  • # of teachers: 80
6
GreatSchools Rating
 

$244,800$299,200$272,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$945
Property Tax -$430
Property Insurance -$110
HOA -$23
Property Management Fees -$99
CASH FLOW
$43

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$272,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$77,830

INVESTMENT

$77,830

Down Payment
$68,000
Rehab Estimate
$5,750
Closing Costs
$4,080

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$945

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,000
Loan Amount $204,000
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$11,070

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,707

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4953$1,6504$1,695
$1,695
RENT COMPS ANALYSIS
  • 1011 Santa Fe Trail Horseshoe Bay, TX 3
    • 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.11
    •  
  • 733 Dogwood Ln Cottonwood Shores, TX 1
    • 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 2019
    property image
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.13
    •  
  • 851 Aspen Ln Cottonwood Shores, TX 2
    • 3 beds 1 baths ∙ 1,440 Sqft ∙ Built 1985 3 beds 1 baths ∙ 1,440 Sqft ∙ Built 1985
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.04
    •  
  • 713 Maple Lane Cottonwood Shores, TX 4
    • 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 2020
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.28
    •  
PROPERTY LISTING DETAILS
Julie Winter
Hillcountryrealestate.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5081806
Last Updated: 02/12/2021
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