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204 Moonrise Dr 
San Marcos, TX
78666
4 Beds 2 Baths 1,831 sqft
Built 2020
INVESTimate
$245,990
List Price
$67,187
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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $134.35
- 2 Days on Market
- MLS # : 5638646
- Updated Date : 08/25/2020 at 07:47
CONSTRUCTION
- Beds : 4
- Floor Size : 1,831 sqft
- Baths : 2 full
Listing Agent
D.r. Horton, America's Builder
Listing Agent's Description
UNDER CONSTRUCTION-EST. COMPLETION IN DEC 2020. Beautiful 4 bed, 2 bath in Cottonwood Creek. Open and spacious floor plan with STANDARD smart home package, granite counters with large center island, gas appliances, 9 foot ceilings, recessed LED lighting and much more. Exterior will feature a covered patio, full irrigation, gutters, 100% sod & landscape package in the front yard with 2 trees. Located minutes from the community school, park & world class shopping.
SEE MORE
- 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
* 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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,840 |
| EXPENSES | Loan Payment | -$908 |
| Property Tax | -$505 | |
| Property Insurance | -$130 | |
| HOA | -$19 | |
| Property Management Fees | -$147 | |
|
CASH FLOW
$132
|
||
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.
$245,990
PROJECTED PRICE
$1,840
PROJECTED RENT
0.75%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 5.87% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.13% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$67,187
LOAN DETAILS
$908
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $61,498 |
| Loan Amount | $184,493 |
7.42
YEARS SAVED
$27,576
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,840
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,826
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
204 Moonrise Dr San Marcos, 5
- 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,840
- $1.00
-
181 Lake Gln San Marcos, 1
- 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2016
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,550
- $1.01
-
102 Wild Plum San Marcos, 2
- 4 beds 3 baths ∙ 1,676 Sqft ∙ Built 2011 4 beds 3 baths ∙ 1,676 Sqft ∙ Built 2011
LEASED 02/13/20- Rent
- Rent Per SQFT
- $1,575
- $0.94
-
218 Goldenrod Dr San Marcos, 3
- 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 2012
LEASED 11/18/19- Rent
- Rent Per SQFT
- $1,695
- $1.01
-
190 Tallow Trl San Marcos, 4
- 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 2016
LEASED 06/10/20- Rent
- Rent Per SQFT
- $1,700
- $1.03
PROPERTY LISTING DETAILS
1.512.270.6196
D.r. Horton, America's Builder
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 5638646
Last Updated: 08/25/2020
