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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $131.19
- 2 Days on Market
- MLS # : 6226746
- Updated Date : 01/09/2021 at 15:38
CONSTRUCTION
- Beds : 4
- Floor Size : 2,584 sqft
- Baths : 2 full , 1 half
Listing Agent
Listingspark
Listing Agent's Description
Nestled at the end of a quiet hilltop cul-de-sac west of Texas State, walking distance to Crocket Elementary, and minutes to downtown San Marcos. A traditional 2 story, with light-filled spacious rooms. Engineered hardwood floors throughout the entry level. Formal living, dining, open kitchen and family room. The kitchen is fully updated. The Upper level has thick, plush new nylon carpet throughout. Remodeled and updated inside and out, fresh paint, wood deck new Owens Corning Architectural Roof.
SEE MORE
- #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: Southwest Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southwest Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,910 |
| EXPENSES | Loan Payment | -$1,177 |
| Property Tax | -$695 | |
| Property Insurance | -$172 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$234
|
||
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.
$339,000
PROJECTED PRICE
$1,910
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 5.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.13% |
| 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
$95,585
LOAN DETAILS
$1,177
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $84,750 |
| Loan Amount | $254,250 |
1.42
YEARS SAVED
$2,614
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,910
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$1,938
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
1201 Cimarron Court San Marcos, TX 2
- 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 1998
![property image]()
- Rent
- Rent Per SQFT
- $1,910
- $0.74
-
105 Cypress Ct San Marcos, TX 1
- 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2002
![property image]()
LEASED 07/31/19- Rent
- Rent Per SQFT
- $1,700
- $0.67
-
1434 Meadow Pkwy San Marcos, TX 3
- 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 2002
![property image]()
LEASED 10/23/19- Rent
- Rent Per SQFT
- $1,950
- $0.72
-
619 Larue Dr San Marcos, TX 4
- 3 beds 3 baths ∙ 2,511 Sqft ∙ Built 1975 3 beds 3 baths ∙ 2,511 Sqft ∙ Built 1975
![property image]()
LEASED 11/25/19- Rent
- Rent Per SQFT
- $2,150
- $0.86
PROPERTY LISTING DETAILS
1.512.827.2252
Listingspark
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 6226746
Last Updated: 01/09/2021
