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11810 Pyrite Road Manor, TX 78653

3 Beds 2 Baths 1,489 sqft Built 2020

$242,990

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $163.19
  • 3 Days on Market
  • MLS # : 5426758
  • Updated Date : 11/14/2020 at 00:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,489 sqft
  • Baths : 2 full
Listing Agent

D.r. Horton, America's Builder

Listing Agent's Description

UNDER CONSTRUCTION - EST. COMPLETION IN JAN/FEB 2021. New Construction. The 3 bedroom/2 Bath, 1489 sq.ft. Caroline Plan-Beautifully space-minded home with extras. If you're looking for the open kitchen with large granite island, this is it! The kitchen also includes beautiful appliances, plenty of cabinet space plus wide open to the dining and family room. This brand new plan comes standard with recessed lighting throughout. Covered front porch and covered back patio is also included! Additional standard features include our new Home is Connected technology package, 5' walk-in master shower, radiant barrier, R38 insulation, full sod, sprinkler system, gutters all the way around and a robust home warranty! USDA is available.

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: 78653

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $102k298k

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

Zip Code: 78653

ZipNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6831723

* 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
Shadow Glen Elementary School Primary Regular NA
Manor Middle School Middle Regular 923 62 2
Manor New Technology High School High Regular 385 30 8

Shadow Glen Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Manor Middle School

  • Education Level: Middle
  • # of students: 923
  • # of teachers: 62
2
GreatSchools Rating

Manor New Technology High School

  • Education Level: High
  • # of students: 385
  • # of teachers: 30
8
GreatSchools Rating
 

$218,691$267,289$242,990

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$897
Property Tax -$588
Property Insurance -$111
HOA -$39
Property Management Fees -$130
CASH FLOW
-$144

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.

$242,990

PROJECTED PRICE

$1,620

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,392

INVESTMENT

$66,392

Down Payment
$60,748
Rehab Estimate
$2,000
Closing Costs
$3,645

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$897

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,748
Loan Amount $182,243
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,037

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,608

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6203$1,6504$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 11810 Pyrite Road Manor, TX 2
    • 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.09
    •  
  • 14817 Breccia Rd Manor, TX 1
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2019
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.07
    •  
  • 15001 Shalestone Way Manor, TX 3
    • 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2020
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.08
    •  
  • 14918 Talus Rd Manor, TX 4
    • 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 2020
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.07
    •  
  • 12104 Arkose St Manor, TX 5
    • 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 2020
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.10
    •  
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 #: 5426758
Last Updated: 11/14/2020
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