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12808 Saint Mary Drive Manor, TX 78653

3 Beds 2 Baths 1,324 sqft Built 2006

$230,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $173.72
  • 2 Days on Market
  • MLS # : 6663767
  • Updated Date : 01/16/2021 at 19:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,324 sqft
  • Baths : 2 full
Listing Agent

Beyond The Move Realty, Llc

Listing Agent's Description

Come check out this charming home in the Bell Farms community! This home has it all! You'll enjoy the fenced in front porch as a great place to unwind and have your pet hang out with you. This home offers easy access to 290 and the toll roads. Located within minutes of downtown Manor, you'll have access to several local bars, a local library, and the neighborhood park and basketball courts. This home boasts many upgrades including kitchen backsplash, tile, laminate, and bamboo flooring, stainless steel appliances, and updated bathrooms. Other recent improvements include a door in primary bedroom to the backyard and a new HVAC system in 2018!

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

Neighborhood: Bell Farms

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $102k298k

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

Neighborhood: Bell Farms

NeighborhoodNIR 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
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$799
Property Tax -$552
Property Insurance -$102
HOA -$22
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.

$230,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 8.3%
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$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$5,302

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,509

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,4903$1,5004$1,5955$1,600
$1,600
RENT COMPS ANALYSIS
  • 12808 Saint Mary Drive Manor, TX 3
    • 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.13
    •  
  • 12904 Tinker Street Austin, TX 1
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2016
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.13
    •  
  • 12529 Ostrich Way Manor, TX 2
    • 3 beds 3 baths ∙ 1,295 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,295 Sqft ∙ Built 2020
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $1.15
    •  
  • 12824 Ring Drive Manor, TX 4
    • 3 beds 3 baths ∙ 1,398 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,398 Sqft ∙ Built 2005
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.14
    •  
  • 12817 Chime Drive Manor, TX 5
    • 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.14
    •  
PROPERTY LISTING DETAILS
Amanda Martine
1.512.577.5829
Beyond The Move Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6663767
Last Updated: 01/16/2021
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