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1500 Goldilocks Ln Manchaca, TX 78652

4 Beds 2 Baths 2,235 sqft Built 2018

INVESTimate

$399,990

List Price

$2,220

$1,998 - $2,442

Rent Est.

$426,309  ( +6.58%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $178.97
  • 6 Days on Market
  • MLS # : 3950630
  • Updated Date : 08/21/2020 at 12:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,235 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

BETTER THAN NEW! Most popular floor plan - Granbury- on premium GREENBELT lot. Enjoy gorgeous sunsets, while relaxing on your patio griling. This perfect one story 4 bedroom + flex room features granite counters, tile flooring, & designer paint. Soaring ceilings & open floor plan make this a MUST SEE! Conveniently located in South Austin near shopping and restaurants. Watch the deer and wildlife from your covered back patio & enjoy the beautiful community pool. Restaurants & shopping nearby.

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: Manchaca

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $126k333k

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

Neighborhood: Manchaca

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9372081

* 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
Menchaca Elementary School Primary Regular 717 47 5
Paredes Middle School Middle Regular 1,032 69 4
Akins High School High Regular 2,667 155 4

Menchaca Elementary School

  • Education Level: Primary
  • # of students: 717
  • # of teachers: 47
5
GreatSchools Rating

Paredes Middle School

  • Education Level: Middle
  • # of students: 1,032
  • # of teachers: 69
4
GreatSchools Rating

Akins High School

  • Education Level: High
  • # of students: 2,667
  • # of teachers: 155
4
GreatSchools Rating
 

$359,991$439,989$399,990

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,476
Property Tax -$660
Property Insurance -$153
HOA -$62
Property Management Fees -$178
CASH FLOW
-$308

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$399,990

PROJECTED PRICE

$2,220

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.58%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,747

INVESTMENT

$111,747

Down Payment
$99,998
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,998
Loan Amount $299,993
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,236

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,235

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,145
1$2,1452$2,2003$2,2004$2,2005$2,220
$2,220
RENT COMPS ANALYSIS
  • 1500 Goldilocks Ln Manchaca, 5
    • 4 beds 2 baths ∙ 2,235 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,235 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.99
    •  
  • 13104 Sten Bergman Dr Manchaca, 1
    • 5 beds 3 baths ∙ 2,158 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,158 Sqft ∙ Built 2018
    LEASED 04/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $0.99
    •  
  • 2008 Gabrielles Way Manchaca, 2
    • 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2015
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.03
    •  
  • 1617 Baloo Ln Austin, 3
    • 4 beds 2 baths ∙ 2,158 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,158 Sqft ∙ Built 2019
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.02
    •  
  • 1003 Mockingbird Dr Manchaca, 4
    • 4 beds 2 baths ∙ 2,285 Sqft ∙ Built 1982 4 beds 2 baths ∙ 2,285 Sqft ∙ Built 1982
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.96
    •  
PROPERTY LISTING DETAILS
Crystal Kilpatrick
1.512.680.5835
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3950630
Last Updated: 08/21/2020
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