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1999 Shire Meadows New Braunfels, TX 78130

3 Beds 3 Baths 2,343 sqft Built 2017

$244,999

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $104.57
  • 4 Days on Market
  • MLS # : 7247130
  • Updated Date : 11/13/2020 at 14:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,343 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful move-in ready home just 4 minutes away from I 35. Close to the shopping district. West Village At Creekside Neighborhood pool/park, high ceilings, energy-efficient, and open floor plan. All 3 bedrooms are on the second floor. There is a study/office on the first floor making it ideal for work/study from home. Tile backsplash, granite, tile & more upgrades. Very well kept home - like new. Per the KB home plan, the SQFT is 2239

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: 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
Freiheit Elementary School Primary Regular 561 38 4
Canyon Middle School Middle Regular 1,073 61 6
Canyon High School High Regular 2,341 129 6

Freiheit Elementary School

  • Education Level: Primary
  • # of students: 561
  • # of teachers: 38
4
GreatSchools Rating

Canyon Middle School

  • Education Level: Middle
  • # of students: 1,073
  • # of teachers: 61
6
GreatSchools Rating

Canyon High School

  • Education Level: High
  • # of students: 2,341
  • # of teachers: 129
6
GreatSchools Rating
 

$220,499$269,499$244,999

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 -$904
Property Tax -$441
Property Insurance -$162
HOA -$33
Property Management Fees -$141
CASH FLOW
$78

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.

$244,999

PROJECTED PRICE

$1,760

PROJECTED RENT

0.72%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,749
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$12,098

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
  • $0.75

    LIST RENT PER SQFT
  • $1,851

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6753$1,7604$1,865
$1,865
RENT COMPS ANALYSIS
  • 1999 Shire Meadows New Braunfels, TX 3
    • 3 beds 3 baths ∙ 2,343 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,343 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.75
    •  
  • 309 Stone Gate Drive New Braunfels, TX 1
    • 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2001
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.79
    •  
  • 842 Camel Back Dr New Braunfels, TX 2
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2002
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.75
    •  
  • 2036 Brandywine Dr New Braunfels, TX 4
    • 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2015
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,865
    • $0.81
    •  
PROPERTY LISTING DETAILS
Amanda Ponce
1.512.800.1359
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7247130
Last Updated: 11/13/2020
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