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

157 Gray Wolf Drive San Marcos, TX 78666

4 Beds 2 Baths 1,938 sqft Built 2020

$299,600

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $154.59
  • 5 Days on Market
  • MLS # : 2092386
  • Updated Date : 12/23/2020 at 20:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,938 sqft
  • Baths : 2 full
Listing Agent

Team Price Real Estate

Listing Agent's Description

This home was decorated with the Gray and White lover in mind! Emblem Gray wood-like tile, Snowdrift white cabinets and gorgeous Iced Gary Quartz countertops were selected to perfectly complement one another! This open concept family/dining/living gives you plenty of space for entertaining and family. The flow of the kitchen/dining/family will enables the whole family to gather without feeling crowded. This one story home gives you separate spaces for privacy and the study is spacious enough to fit either two desks or a desk and more furniture. The kitchen and utility room are conveniently accessed directly from the garage for easy grocery unloading. If you are looking for a one story you can spread out in, this is it!

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
Crockett Elementary School Primary Regular 574 34 6
Doris Miller Middle School Middle Regular 683 51 3
San Marcos High School High Regular 2,162 148 3

Crockett Elementary School

  • Education Level: Primary
  • # of students: 574
  • # of teachers: 34
6
GreatSchools Rating

Doris Miller Middle School

  • Education Level: Middle
  • # of students: 683
  • # of teachers: 51
3
GreatSchools Rating

San Marcos High School

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

$269,640$329,560$299,600

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,105
Property Tax -$615
Property Insurance -$136
HOA -$55
Property Management Fees -$99
CASH FLOW
-$160

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.

$299,600

PROJECTED PRICE

$1,850

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.9%
Maintenance Year (1-5) 3.00%
Vacancy 6.13%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,394

INVESTMENT

$81,394

Down Payment
$74,900
Rehab Estimate
$2,000
Closing Costs
$4,494

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,105

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,900
Loan Amount $224,700
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$5,665

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,831

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7003$1,7504$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 157 Gray Wolf Drive San Marcos, TX 4
    • 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.95
    •  
  • 105 Dolly Street San Marcos, TX 1
    • 4 beds 2 baths ∙ 1,690 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,690 Sqft ∙ Built 2006
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.94
    •  
  • 2208 Stonehaven San Marcos, TX 2
    • 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2013
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
  • 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
    property image
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
  • 833 S Loop Street San Marcos, TX 5
    • 3 beds 2 baths ∙ 1,973 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,973 Sqft ∙ Built 1975
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.96
    •  
PROPERTY LISTING DETAILS
Earl Price
1.512.963.4092
Team Price Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 2092386
Last Updated: 12/23/2020
BESbswy