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205 Bluebonnet Drive Granite Shoals, TX 78654

3 Beds 3 Baths 2,048 sqft Built 2005

$319,900

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

November 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $156.20
  • 6 Days on Market
  • MLS # : 8273543
  • Updated Date : 11/24/2020 at 21:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,048 sqft
  • Baths : 2 full , 1 half
Listing Agent

Watters International Realty

Listing Agent's Description

Fantastic 3 bedroom, 2.5 bath corner lot home is perfect for entertaining and features a large covered porch plus a covered deck. Open floor plan includes a game room with wet bar and wood burning stove. Spacious kitchen with center island breakfast bar and lovely pendant lighting. A large covered porch is just off the game room, making it the perfect place to take the party outside! Plenty of room to roam on this large lot!

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: 78654

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $62k264k

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

Zip Code: 78654

No Data Available.

* 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
Highland Lakes Elementary School Primary Regular 587 42 4
Marble Falls Middle School Middle Regular 889 57 4
Marble Falls High School High Regular 1,165 80 6

Highland Lakes Elementary School

  • Education Level: Primary
  • # of students: 587
  • # of teachers: 42
4
GreatSchools Rating

Marble Falls Middle School

  • Education Level: Middle
  • # of students: 889
  • # of teachers: 57
4
GreatSchools Rating

Marble Falls High School

  • Education Level: High
  • # of students: 1,165
  • # of teachers: 80
6
GreatSchools Rating
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,180
Property Tax -$588
Property Insurance -$141
Property Management Fees -$156
CASH FLOW
-$115

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$319,900

PROJECTED PRICE

$1,950

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 3.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
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$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$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,723

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $3,161

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,5003$4,500
$4,500
RENT COMPS ANALYSIS
  • 205 Bluebonnet Drive Granite Shoals, TX 1
    • 3 beds 3 baths ∙ 2,048 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,048 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
  • 1532 Hill Circle South Dr Granite Shoals, TX 2
    • 3 beds 3 baths ∙ 2,096 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,096 Sqft ∙ Built 2012
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.19
    •  
  • 1506 Hilltop Drive Granite Shoals, TX 3
    • 3 beds 3 baths ∙ 2,004 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,004 Sqft ∙ Built 2014
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.25
    •  
PROPERTY LISTING DETAILS
Christopher Watters
1.512.646.0038
Watters International Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8273543
Last Updated: 11/24/2020
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