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12100 Mossygate Trail Manor, TX 78653

4 Beds 2 Baths 1,960 sqft Built 2019

$299,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $152.55
  • 4 Days on Market
  • MLS # : 8604694
  • Updated Date : 11/05/2020 at 14:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,960 sqft
  • Baths : 2 full
Listing Agent

Bhgre Homecity

Listing Agent's Description

Located in the premier Manor subdivision of Shadowglen, this better-than-new 4/2 + office is everything you want in your Home Sweet Home! Upon entering, the cascading natural light, neutral color palate and laminated hardwood flooring seamlessly blend charming warmth with chic, contemporary sophistication. Cooking connoisseurs will love the lux kitchen which boasts white quartz countertops, Herringbone backsplash & coordinating SS appliances. Zoom the day away in your spacious home office, and unwind at the day's end in the comfort of your extended covered back patio. The corner lot, too, affords a wonderfully private backyard retreat that's perfect for entertaining friends & family. With close proximity to shopping, dining & major thoroughfares into Austin, this home really has it ALL! Make this YOUR DREAM HOME today!

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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

Neighborhood: Shadowglen

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $102k298k

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

Neighborhood: Shadowglen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6831770

* 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
 

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

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,103
Property Tax -$782
Property Insurance -$137
HOA -$57
Property Management Fees -$163
CASH FLOW
-$203

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.

$299,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 4.3%
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$700k$800k

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,235

INVESTMENT

$81,235

Down Payment
$74,750
Rehab Estimate
$2,000
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,563

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,695

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,6753$1,7004$1,8005$2,040
$2,040
RENT COMPS ANALYSIS
  • 12100 Mossygate Trail Manor, TX 5
    • 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $1.04
    •  
  • 11913 Voelker Reinhardt Way Manor, TX 1
    • 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2019
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.85
    •  
  • 13840 Fallsprings Way Manor, TX 2
    • 3 beds 3 baths ∙ 2,121 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,121 Sqft ∙ Built 2012
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.79
    •  
  • 13506 Rosebud Isle Dr Manor, TX 3
    • 4 beds 3 baths ∙ 1,838 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,838 Sqft ∙ Built 2019
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
  • 11813 Pine Mist Court Manor, TX 4
    • 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 2017
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
PROPERTY LISTING DETAILS
Lauren Szekelyhidi
1.512.667.3043
Bhgre Homecity
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8604694
Last Updated: 11/05/2020
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