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104 Snapdragon Lane San Marcos, TX 78666

4 Beds 3 Baths 2,042 sqft Built 2021

$271,990

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $133.20
  • 2 Days on Market
  • MLS # : 5388382
  • Updated Date : 01/16/2021 at 18:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,042 sqft
  • Baths : 2 full , 1 half
Listing Agent

D.r. Horton, America's Builder

Listing Agent's Description

NO INVESTOR PURCHASES AT THIS TIME. UNDER CONSTRUCTION - EST COMPLETION IN JULY. The Hanna is a two-story floorplan offering 2,042 square feet, 4-bedrooms, and 2.5-bathrooms. Walk into the long foyer into spacious kitchen overlooking the dining area and family room. The kitchen features granite countertops, black appliances, recessed lighting and a kitchen island. The main bedroom, bedroom 1, is located off the family room and features a walk in shower and large walk in closet. Upstairs you will find the secondary bedrooms and a huge gameroom. The Hanna also features a covered patio and full sod and irrigation. This home includes our HOME IS CONNECTED base package which includes the Alexa Voice control, Front Door Bell, Front Door Deadbolt Lock, Home Hub, Light Switch, and Thermostat.

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

Zip Code: 78666

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $101k298k

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

Zip Code: 78666

ZipNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6701723

* 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
Bowie Elementary School Primary Regular 748 46 4
Owen Goodnight Middle School Middle Regular 1,043 69 4
San Marcos High School High Regular 2,162 148 3

Bowie Elementary School

  • Education Level: Primary
  • # of students: 748
  • # of teachers: 46
4
GreatSchools Rating

Owen Goodnight Middle School

  • Education Level: Middle
  • # of students: 1,043
  • # of teachers: 69
4
GreatSchools Rating

San Marcos High School

  • Education Level: High
  • # of students: 2,162
  • # of teachers: 148
3
GreatSchools Rating
 

$244,791$299,189$271,990

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$945
Property Tax -$558
Property Insurance -$142
HOA -$19
Property Management Fees -$99
CASH FLOW
-$82

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.

$271,990

PROJECTED PRICE

$1,680

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.9%
Maintenance Year (1-5) 3.00%
Vacancy 6.13%
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

PROJECTED ANNUAL CASH FLOW

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

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$74,077

INVESTMENT

$74,077

Down Payment
$67,998
Rehab Estimate
$2,000
Closing Costs
$4,080

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% 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 $67,998
Loan Amount $203,993
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$6,926

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,674

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,920
$1,920
RENT COMPS ANALYSIS
  • 104 Snapdragon Lane San Marcos, TX 1
    • 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.82
    •  
  • 101 Tallow Trl San Marcos, TX 2
    • 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 2017
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.82
    •  
PROPERTY LISTING DETAILS
Dave Clinton
1.512.270.6196
D.r. Horton, America's Builder
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5388382
Last Updated: 01/16/2021
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