Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

14109 Fallsprings Way Manor, TX 78653

3 Beds 2 Baths 1,312 sqft Built 2018

$252,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $192.07
  • 3 Days on Market
  • MLS # : 9009151
  • Updated Date : 02/14/2021 at 00:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,312 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Offer deadline Sunday Feb 14th at 6pm Beautifully perfectly located 2018 Meritage Home in Shadowglen Golf Course Community. Home features three bedrooms and two full baths. Kitchen displays large granite island and flows into the living space for an entertaining atmosphere. Primary bedroom in the back area of the home with secondary rooms in front. The primary suite offers a large walk-in closet, walk in shower, and closed toiled closet. Don’t forget the large, covered patio and private backyard overlooking a country setting. There are no backyard neighbors. Shadowglen is located just 19 minutes to Tesla Giga, 17 minutes to Samsung, 25 minutes to the Domain and 20 minutes to downtown Austin. Shadowglen has great amenities to include a fitness center, trails, golf course, and an amazing community pool with slide and splash pad. This home is a great value. Come see today!

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: 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
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
 

$226,800$277,200$252,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$875
Property Tax -$651
Property Insurance -$101
Property Management Fees -$99
CASH FLOW
-$157

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.

$252,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.62%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$72,530

INVESTMENT

$72,530

Down Payment
$63,000
Rehab Estimate
$5,750
Closing Costs
$3,780

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$875

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,000
Loan Amount $189,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,275

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $1,565

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5703$1,5754$1,6505$1,675
$1,675
RENT COMPS ANALYSIS
  • 14109 Fallsprings Way Manor, TX 2
    • 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.20
    •  
  • 12308 Savannah Brooks Ln Manor, TX 1
    • 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 2020
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.20
    •  
  • 11820 Sandy Lodge Court Manor, TX 3
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 2018
    LEASED 01/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.26
    •  
  • 13608 Pine Arbor Trail Manor, TX 4
    • 3 beds 2 baths ∙ 1,433 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,433 Sqft ∙ Built 2007
    LEASED 01/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.15
    •  
  • 11809 Jackson Falls Way Manor, TX 5
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 2020
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.16
    •  
PROPERTY LISTING DETAILS
Melissa Hudson
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9009151
Last Updated: 02/14/2021
BESbswy