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212 Ibis Falls Drive New Braunfels, TX 78130

3 Beds 3 Baths 1,860 sqft Built 2004

$268,500

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $144.35
  • 43 Days on Market
  • MLS # : 3686350
  • Updated Date : 07/12/2021 at 17:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,860 sqft
  • Baths : 2 full , 1 half
Listing Agent

Hoelker Real Estate

Listing Agent's Description

Perfect 2 story home on corner lot with huge backyard. 3 bedrooms up including a gameroom. 2 bathrooms up and half bath downstairs. Enjoy all the wonderful amenities of New Braunfels. Gruene, Landa Park, River activities including Schlitterbahn Water Park. New roof just installed

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Quail Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k290k

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

Neighborhood: Quail Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8691847

* 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
Oak Creek Elementary School Primary Regular 517 38 5
Canyon Middle School Middle Regular 1,073 61 6
Canyon High School High Regular 2,341 129 6

Oak Creek Elementary School

  • Education Level: Primary
  • # of students: 517
  • # of teachers: 38
5
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
 

$241,650$295,350$268,500

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$933
Property Tax -$484
Property Insurance -$134
HOA -$25
Property Management Fees -$99
CASH FLOW
-$95

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.

$268,500

PROJECTED PRICE

$1,580

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.11%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 9.32%
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$76,903

INVESTMENT

$76,903

Down Payment
$67,125
Rehab Estimate
$5,750
Closing Costs
$4,028

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$933

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,125
Loan Amount $201,375
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,304

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,600

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,5953$1,6454$1,655
$1,655
RENT COMPS ANALYSIS
  • 212 Ibis Falls Drive New Braunfels, TX 1
    • 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.85
    •  
  • 628 Northlake Drive New Braunfels, TX 2
    • 3 beds 3 baths ∙ 1,908 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,908 Sqft ∙ Built 2007
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 3325 Bluebird Ridge New Braunfels, TX 3
    • 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 2005
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.92
    •  
  • 222 Starling Creek New Braunfels, TX 4
    • 3 beds 3 baths ∙ 2,016 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,016 Sqft ∙ Built 2005
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,655
    • $0.82
    •  
PROPERTY LISTING DETAILS
Rory Hoelker
Hoelker Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3686350
Last Updated: 07/12/2021
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