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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $161.23
- 39 Days on Market
- MLS # : 4544465
- Updated Date : 01/08/2021 at 22:54
CONSTRUCTION
- Beds : 3
- Floor Size : 1,908 sqft
- Baths : 2 full
Listing Agent
Team Price Real Estate
Listing Agent's Description
Wonderful details in the Houston plan! Unique layout with extremely spacious family area with dining and breakfast all in one area. The laundry room gives you plenty of space too with a wall of built in shelving and an additional hall closet right next to it so you never run out of storage. The kitchen has separate counter spaces that allows the chef to create separate stations for their creations. The handy center island has adorable little shelves to show off your special kitchen décor items. This Contemporary kitchen is finished out with lovely Snowdrift cabinets, granite countertops with white, black and gray hues and gray tile. This home will be perfect for someone looking to have the space to entertain and enjoy time together!
SEE MORE
- #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)
- 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)
PRICE & RENT TRENDS
Zip Code: 78666
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78666
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,069 |
| Property Tax | -$631 | |
| Property Insurance | -$134 | |
| HOA | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$178
|
||
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.
$307,630
PROJECTED PRICE
$1,810
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 5.9% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.13% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$83,522
LOAN DETAILS
$1,069
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,908 |
| Loan Amount | $230,723 |
1.67
YEARS SAVED
$3,535
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,841
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
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153 Gray Wolf Drive San Marcos, TX 4
- 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 2020
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- Rent Per SQFT
- $1,810
- $0.95
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2208 Stonehaven San Marcos, TX 1
- 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2013
LEASED 09/30/20- Rent
- Rent Per SQFT
- $1,700
- $0.96
-
115 Ambros Cove San Marcos, TX 2
- 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2020
LEASED 11/30/20- Rent
- Rent Per SQFT
- $1,750
- $1.02
-
312 Lance Trail San Marcos, TX 3
- 4 beds 2 baths ∙ 1,901 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,901 Sqft ∙ Built 2019
LEASED 01/28/20- Rent
- Rent Per SQFT
- $1,750
- $0.92
-
833 S Loop St San Marcos, TX 5
- 3 beds 2 baths ∙ 1,973 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,973 Sqft ∙ Built 1975
LEASED 12/27/19- Rent
- Rent Per SQFT
- $1,900
- $0.96
PROPERTY LISTING DETAILS
1.512.963.4092
Team Price Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 4544465
Last Updated: 01/08/2021
