Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- 2-Flat Type Property
- Built In 2021
- Price/Sqft : $143.91
- 3 Days on Market
- MLS # : No MLS Number
CONSTRUCTION
- Beds : 6
- Floor Size : 2,744 sqft
- Baths : 4 full
Listing Agent
Tobin
Listing Agent's Description
North King Street, new construction duplex community is located 30-minutes from San Antonio and 20-minutes from New Braunfels in Seguin, TX. These Luxury duplexes are built Rent-Ready and offer a spacious and contemporary design. 11 ft. high ceilings in the living room and kitchen. Concrete stained flooring throughout, for a durable, low maintenance beautiful finish. Open kitchen with recessed lighting, granite countertops, 42 inch cabinets, and tasteful backsplash lighting. Stainless Steel appliances included as well as refrigerator to reduce vacancy. Large master bedroom with 10 ft ceiling and en suite bathroom with dual sink vanity. Window faux wood blinds included. Ceiling fans included in all bedrooms, living room and back covered patio. Full sod and sprinkler system included with 10-Year builder warranty. This community is in the heart of Seguin minutes from major businesses like Toyota, Caterpillar, Tyson Factory and Texas Lutheran University. Seguin is a manufacturing and healthcare hub located off IH10 highway; attracting employers and workers all over South-Central Texas creating very strong rental demand. View aerial tour, 3D mapping and floorplan.
SEE MORE
- 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: 78155
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78155
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,800 |
| EXPENSES | Loan Payment | -$1,372 |
| Property Tax | -$658 | |
| Property Insurance | -$80 | |
| HOA | -$75 | |
| Property Management Fees | -$198 | |
|
CASH FLOW
$417
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$394,900
PROJECTED PRICE
$2,800
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.31% |
| Appreciation Year (1-5) | 4.3% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 9.54% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$109,649
LOAN DETAILS
$1,372
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $98,725 |
| Loan Amount | $296,175 |
8.83
YEARS SAVED
$50,769
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
YOUR SOLUTIONS MANAGER
Please Contact Your Solutions Manager
To review the detailed price and rent comps for this property and answer any questions you may have.
PROPERTY LISTING DETAILS
Tobin
