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12401 Dwight Eisenhower Street Manor, TX 78653

3 Beds 2 Baths 1,753 sqft Built 2014

$242,500

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $138.33
  • 3 Days on Market
  • MLS # : 6761336
  • Updated Date : 12/05/2020 at 21:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,753 sqft
  • Baths : 2 full
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Open the door to this well maintained and move-in ready 1 story Gem in Presidential Meadows, with super sharp tile & wood flooring, high ceilings and a massive great room - perfect for entertaining - featuring walls of windows, built-in entertainment niche extension, large dinning areas loaded with upgrades. Beautiful granite kitchen with stainless appliances, upgraded length cabinetry, walk-in pantry, and over-sized breakfast bar. The spacious master suite extension is ideal for an in-room office, workout or meditation area, and features easy access shower, double vanity and walk-in closet. You'll love the easy care yard with shady east-facing covered patio, perfect for those warm Texas summers - and you're garage will be Tesla ready w/ 220V, 32amp electric car charging outlet (installed in 2018). Just a short walk down to the neighborhood pool and just minutes to easy access toll roads, shopping and all the Austin has to offer!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

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
Presidential Meadows Elementary School Primary Regular 947 49 2
Manor Middle School Middle Regular 923 62 2
Manor New Technology High School High Regular 385 30 8

Presidential Meadows Elementary School

  • Education Level: Primary
  • # of students: 947
  • # of teachers: 49
2
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
 

$218,250$266,750$242,500

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 -$895
Property Tax -$620
Property Insurance -$126
HOA -$33
Property Management Fees -$99
CASH FLOW
-$73

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.

$242,500

PROJECTED PRICE

$1,700

PROJECTED RENT

0.70%

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$70,013

INVESTMENT

$70,013

Down Payment
$60,625
Rehab Estimate
$5,750
Closing Costs
$3,638

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$895

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,625
Loan Amount $181,875
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$7,102

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
  • $0.97

    LIST RENT PER SQFT
  • $1,687

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6003$1,7004$1,700
$1,700
RENT COMPS ANALYSIS
  • 12401 Dwight Eisenhower Street Manor, TX 4
    • 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.97
    •  
  • 13716 Andrew Johnson St Manor, TX 1
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2016
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.94
    •  
  • 13509 Ulysses S Grant St Manor, TX 2
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2015
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.95
    •  
  • 13600 Ulysses S Grant Street Manor, TX 3
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2015
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.01
    •  
PROPERTY LISTING DETAILS
Kurt Duffeck
1.512.820.8048
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6761336
Last Updated: 12/05/2020
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