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2103 Bluebonnet Drive Marble Falls, TX 78654

3 Beds 2 Baths 1,339 sqft Built 1996

$255,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $190.44
  • 5 Days on Market
  • MLS # : 4328642
  • Updated Date : 01/30/2021 at 18:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,339 sqft
  • Baths : 2 full
Listing Agent

Dash Realty

Listing Agent's Description

This charming home is perfectly located in the heart of the wonderful city of Marble Falls. It is minutes away from Marble Falls lake and features 3 bedrooms and 2 bathrooms with a large extended deck. Recently installed kitchen and bathrooms granite countertops and fresh paint throughout the house. The roof was recently replaced. NO HOA. The shed will convey with the sale.

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: 78654

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $85k268k

* 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
Colt Elementary School Primary Regular 581 42 7
Marble Falls Middle School Middle Regular 889 57 4
Marble Falls High School High Regular 1,165 80 6

Colt Elementary School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 42
7
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
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$886
Property Tax -$471
Property Insurance -$102
Property Management Fees -$99
CASH FLOW
-$207

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.

$255,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.53%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$886

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$397

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,379

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3503$1,4004$1,400
$1,400
RENT COMPS ANALYSIS
  • 2103 Bluebonnet Drive Marble Falls, TX 2
    • 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.01
    •  
  • 718a Claremont Parkway Marble Falls, TX 1
    • 3 beds 3 baths ∙ 1,368 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,368 Sqft ∙ Built 2007
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.99
    •  
  • 720 Claremont Parkway #a Marble Falls, TX 3
    • 3 beds 3 baths ∙ 1,337 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,337 Sqft ∙ Built 2007
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.05
    •  
  • 720 Claremont Pkwy Marble Falls, TX 4
    • 3 beds 3 baths ∙ 1,337 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,337 Sqft ∙ Built 2007
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.05
    •  
PROPERTY LISTING DETAILS
Terese Smith
1.512.629.8138
Dash Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 4328642
Last Updated: 01/30/2021
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