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1946 Kalli Jo Lane Lane New Braunfels, TX 78130

4 Beds 3 Baths 2,382 sqft Built 2015

$298,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $125.10
  • 4 Days on Market
  • MLS # : 8199390
  • Updated Date : 11/20/2020 at 06:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,382 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jbgoodwin Realtors Wl

Listing Agent's Description

Pretty & Pristine 4BD,2.5Bth home with master and ensuite down and secondary bedrooms & full bath and game room upstairs. Large Open Floor Plan welcomes you into a Foyer with coat closet and perfect spot for formal dining room or office. Open kitchen with granite counters and walk in pantry, stainless & black appliances. Half bath downstairs is perfect for guest. Cover large patio with beautiful views of farmland, cattle grazing by the pond. Yard is ample enough for family and pets. Nest doorbell and Nest thermostat. In pristine condition only 5 yrs old and ready for you to call her home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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.

PRICE & RENT TRENDS

Zip Code: 78130

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k269k

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

Zip Code: 78130

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8661700

* 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
Walnut Springs Elementary School Primary Regular 500 30 7
New Braunfels Middle School Middle Regular 971 59 6
New Braunfels High School High Regular 1,711 94 6

Walnut Springs Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 30
7
GreatSchools Rating

New Braunfels Middle School

  • Education Level: Middle
  • # of students: 971
  • # of teachers: 59
6
GreatSchools Rating

New Braunfels High School

  • Education Level: High
  • # of students: 1,711
  • # of teachers: 94
6
GreatSchools Rating
 

$268,200$327,800$298,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,099
Property Tax -$537
Property Insurance -$164
HOA -$32
Property Management Fees -$141
CASH FLOW
-$214

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$298,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
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-$6.0k-$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,720

INVESTMENT

$84,720

Down Payment
$74,500
Rehab Estimate
$5,750
Closing Costs
$4,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,500
Loan Amount $223,500
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$528

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,769

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7603$1,8754$1,8955$1,995
$1,995
RENT COMPS ANALYSIS
  • 1946 Kalli Jo Lane Lane New Braunfels, TX 2
    • 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.74
    •  
  • 3630 Archer Boulevard New Braunfels, TX 1
    • 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2006
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.76
    •  
  • 2970 Sawmill Ln New Braunfels, TX 3
    • 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 2014
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.74
    •  
  • 848 Highland Vis New Braunfels, TX 4
    • 5 beds 3 baths ∙ 2,664 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,664 Sqft ∙ Built 2014
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.71
    •  
  • 418 Wood Duck New Braunfels, TX 5
    • 4 beds 3 baths ∙ 2,613 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,613 Sqft ∙ Built 2016
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.76
    •  
PROPERTY LISTING DETAILS
Debra Cambron-rose
1.830.708.1771
Jbgoodwin Realtors Wl
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8199390
Last Updated: 11/20/2020
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