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128 Hazel Grv San Marcos, TX 78666

4 Beds 2 Baths 1,831 sqft Built 2020

INVESTimate

$245,990

List Price

$1,840

$1,656 - $2,024

Rent Est.

$260,430  ( +5.87%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $134.35
  • 2 Days on Market
  • MLS # : 7519440
  • Updated Date : 08/25/2020 at 07:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,831 sqft
  • Baths : 2 full
Listing Agent

D.r. Horton, America's Builder

Listing Agent's Description

UNDER CONSTRUCTION-EST. COMPLETION IN JAN 2021. Beautiful 4 bed, 2 bath in Cottonwood Creek. Open and spacious floor plan with STANDARD smart home package, granite counters with large center island, gas appliances, 9 foot ceilings, recessed LED lighting and much more. Exterior will feature a covered patio, full irrigation, gutters, 100% sod & landscape package in the front yard with 2 trees. Located minutes from the community school, park & world class shopping.

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: 78666

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $101k298k

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

Zip Code: 78666

ZipNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6701723

* 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
Bowie Elementary School Primary Regular 748 46 4
Owen Goodnight Middle School Middle Regular 1,043 69 4
San Marcos High School High Regular 2,162 148 3

Bowie Elementary School

  • Education Level: Primary
  • # of students: 748
  • # of teachers: 46
4
GreatSchools Rating

Owen Goodnight Middle School

  • Education Level: Middle
  • # of students: 1,043
  • # of teachers: 69
4
GreatSchools Rating

San Marcos High School

  • Education Level: High
  • # of students: 2,162
  • # of teachers: 148
3
GreatSchools Rating
 

$221,391$270,589$245,990

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$908
Property Tax -$505
Property Insurance -$130
HOA -$19
Property Management Fees -$147
CASH FLOW
$132

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.

$245,990

PROJECTED PRICE

$1,840

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.87%
Maintenance Year (1-5) 3.00%
Vacancy 6.13%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,187

INVESTMENT

$67,187

Down Payment
$61,498
Rehab Estimate
$2,000
Closing Costs
$3,690

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$908

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,498
Loan Amount $184,493
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$27,576

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,826

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5753$1,6954$1,7005$1,840
$1,840
RENT COMPS ANALYSIS
  • 128 Hazel Grv San Marcos, 5
    • 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $1.00
    •  
  • 181 Lake Gln San Marcos, 1
    • 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2016
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.01
    •  
  • 102 Wild Plum San Marcos, 2
    • 4 beds 3 baths ∙ 1,676 Sqft ∙ Built 2011 4 beds 3 baths ∙ 1,676 Sqft ∙ Built 2011
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.94
    •  
  • 218 Goldenrod Dr San Marcos, 3
    • 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 2012
    property image
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.01
    •  
  • 190 Tallow Trl San Marcos, 4
    • 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 2016
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.03
    •  
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 #: 7519440
Last Updated: 08/25/2020
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