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112 Moku Manu Drive Bastrop, TX 78602

3 Beds 2 Baths 1,755 sqft Built 1996

$299,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $170.37
  • 41 Days on Market
  • MLS # : 3460065
  • Updated Date : 01/09/2021 at 14:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,755 sqft
  • Baths : 2 full
Listing Agent

Stanberry Realtors

Listing Agent's Description

Don't miss out on this home located on the 10 hole of the Pine Forest Golf Course. FYI: There is no mandatory Tahitian Village POA annual dues. BCWID#2 (Bastrop County Water Improvement District) accesses a $204.00 annual road maintenance fee per lot. Roof is 6 yrs old with a transferrable warranty. Gorgeous, beautifully maintained one-story nestled in Tahitian Village ideally located minutes from TX-71 and within close proximity to Bastrop, Austin and Bastrop State Park . This home features large closets in all 3 bedrooms, open floor plan, kitchen with tons of cabinets. Many windows that allow for natural light to filter through and fill the home with bright light. Private enclosed porch and back yard are perfect for entertaining or relaxing and watching all the wildlife. Enclosed porch has window ac/heat for year round sitting. Enjoy the abundance of wildlife. 2.5 Garage has work benches and has room for the golf cart.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Tahitian Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $106k298k

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

Neighborhood: Tahitian Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7131723

* 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
Emile Elementary School Primary Regular 570 38 4
Bastrop Middle School Middle Regular 707 48 4
Bastrop High School High Regular 1,253 87 4

Emile Elementary School

  • Education Level: Primary
  • # of students: 570
  • # of teachers: 38
4
GreatSchools Rating

Bastrop Middle School

  • Education Level: Middle
  • # of students: 707
  • # of teachers: 48
4
GreatSchools Rating

Bastrop High School

  • Education Level: High
  • # of students: 1,253
  • # of teachers: 87
4
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,039
Property Tax -$509
Property Insurance -$126
Property Management Fees -$99
CASH FLOW
-$172

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.

$299,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.13%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$4,408

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,597

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,6003$1,700
$1,700
RENT COMPS ANALYSIS
  • 112 Moku Manu Drive Bastrop, TX 2
    • 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 103 S Kanaio Dr Bastrop, TX 1
    • 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 2017
    property image
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.89
    •  
  • 105 Keo Keo Ct Bastrop, TX 3
    • 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 2015
    property image
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
PROPERTY LISTING DETAILS
Thressa Skidmore
1.512.563.3798
Stanberry Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3460065
Last Updated: 01/09/2021
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