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12005 Riparian Road Manor, TX 78653

4 Beds 2 Baths 1,858 sqft Built 2017

$250,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $134.55
  • 7 Days on Market
  • MLS # : 3996019
  • Updated Date : 11/17/2020 at 03:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,858 sqft
  • Baths : 2 full
Listing Agent

Classic Realty

Listing Agent's Description

An Idyllic Family Retreat In A Quiet Cul-De-Sac- This home whilst in original condition is presented in super condition and has loads of features to boot. The combination of natural light, neutral interiors and carpeted floors In the 4 bedrooms and wood laminate throughout the rest of the home, fills the house with warmth. If you’re looking to move into a property where your growing family will instantly feel at home with the benefit of plenty of space and separation then this property must be at the top of your list. A private haven of surprising light and space in a quiet street.NO neighbors behind!! The house is set on a huge lot of over 9000 sq ft! That’s .207 of an acre! Enjoy the possibilities that come with a very spacious functional kitchen with granite countertops. Plus, all appliances convey except the mini fridge and Floor air purifier. Whether it’s for entertaining, relaxing or bringing together everyone living in the home, the alfresco is a wonderful place to enjoy that summer sun. The backyard screams Family gatherings and bbq’s! Easy access to public transport, shops and parks Total land area of .207 acre Located in a quiet, tightly held cul-de-sac Air conditioned throughout with ceiling fans Large windows from the light-filled living area frame The master bedroom has good wardrobe space and bathroom with shower 2nd bathroom is a full bath with tub/shower Garage for 2 cars Whether you are looking to buy your first home, or looking for enough room for the whole family, this spacious home on a large block should be considered. Stop dreaming and make this home yours!

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MARKET HIGHLIGHTS

  • 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)
  • #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.

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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$922
Property Tax -$600
Property Insurance -$132
HOA -$39
Property Management Fees -$136
CASH FLOW
-$129

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.

$250,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.68%

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) 8.00%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,807

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,751

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,585
1$1,5852$1,6503$1,6504$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 12005 Riparian Road Manor, TX 5
    • 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
  • 12110 Stoneridge Gap Lane Manor, TX 1
    • 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 2017
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $0.89
    •  
  • 14315 Almodine Road Manor, TX 2
    • 4 beds 2 baths ∙ 1,735 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,735 Sqft ∙ Built 2018
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 12111 Greywacke Drive Manor, TX 3
    • 4 beds 2 baths ∙ 1,730 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,730 Sqft ∙ Built 2017
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 14309 Almodine Road Manor, TX 4
    • 4 beds 2 baths ∙ 1,735 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,735 Sqft ∙ Built 2018
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.98
    •  
PROPERTY LISTING DETAILS
Stacy Belmontes
1.512.233.9962
Classic Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3996019
Last Updated: 11/17/2020
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