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2162 Trumans Hill New Braunfels, TX 78130

3 Beds 2 Baths 1,734 sqft Built 2020

$272,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $156.86
  • 2 Days on Market
  • MLS # : 1185158
  • Updated Date : 01/24/2021 at 03:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,734 sqft
  • Baths : 2 full
Listing Agent

Re/max River Cities-nb

Listing Agent's Description

BETTER THAN NEW! This gently lived in home is only 11-months old and still covered by Builder Warranties. Located in Parkridge Estates, this 3 bedroom/2 bath/2-car garage plan is no longer offered in this community by the builder. Large rooms with beautiful vinyl plank flooring (carpet in bedrooms only) with a light and bright kitchen look out to a cozy backyard with covered patio, deck with awning and night time lights plus a brand new SHE-SHED, all under a canopy of mature trees. This home is located on a large lot with plenty of space between homes. Some furnishings negotiable. NBISD.

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: 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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$244,800$299,200$272,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$945
Property Tax -$490
Property Insurance -$127
HOA -$25
Property Management Fees -$99
CASH FLOW
$24

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$272,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.63%

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) 3.00%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$74,080

INVESTMENT

$74,080

Down Payment
$68,000
Rehab Estimate
$2,000
Closing Costs
$4,080

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$945

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,000
Loan Amount $204,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$8,664

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,743

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7103$1,7254$1,7455$1,775
$1,775
RENT COMPS ANALYSIS
  • 2162 Trumans Hill New Braunfels, TX 2
    • 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.99
    •  
  • 2026 Castleberry Ridge New Braunfels, TX 1
    • 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 2003
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.92
    •  
  • 2580 Diamondback Trail New Braunfels, TX 3
    • 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 2014
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.99
    •  
  • 2129 Hazelwood New Braunfels, TX 4
    • 4 beds 2 baths ∙ 1,609 Sqft ∙ Built 2011 4 beds 2 baths ∙ 1,609 Sqft ∙ Built 2011
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $1.08
    •  
  • 1030 Lauren Street New Braunfels, TX 5
    • 4 beds 3 baths ∙ 1,728 Sqft ∙ Built 2015 4 beds 3 baths ∙ 1,728 Sqft ∙ Built 2015
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.03
    •  
PROPERTY LISTING DETAILS
Beth Bush
1.830.832.9127
Re/max River Cities-nb
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1185158
Last Updated: 01/24/2021
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