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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $155.72
- 3 Days on Market
- MLS # : 3582979
- Updated Date : 02/28/2021 at 01:24
CONSTRUCTION
- Beds : 3
- Floor Size : 1,380 sqft
- Baths : 2 full
Listing Agent
Bhgre Homecity
Listing Agent's Description
Perfect starter home and great opportunity to get into Blanco River Village at this price point! This house would also make a great rental property now or in the future. BRV is nestled along the Blanco river off hwy 21 in San Marcos close enough to town for convenience but just far enough out to enjoy the stars at night. Also quick access to I35 and I10. River access, neighborhood playground and large retention/soccer field are a few perks of owning in BRV. Professionally managed HOA. Well maintained home with great curb appeal, new carpets/paint, window treatments, a nice sized detached 2 car garage and more. Spacious bedrooms, large master/closet/bathroom and cute little backyard landscaped for privacy. All appliances convey with sale.
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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,310 |
| EXPENSES | Loan Payment | -$746 |
| Property Tax | -$441 | |
| Property Insurance | -$105 | |
| HOA | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$136
|
||
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.
$214,900
PROJECTED PRICE
$1,310
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 5.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.13% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$62,699
LOAN DETAILS
$746
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $53,725 |
| Loan Amount | $161,175 |
1.58
YEARS SAVED
$2,120
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,310
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,348
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
218 Rush Haven San Marcos, TX 2
- 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $1,310
- $0.95
-
936 Cheatham Street San Marcos, TX 1
- 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1960
LEASED 09/22/20- Rent
- Rent Per SQFT
- $1,250
- $0.95
-
703 Sturgeon St San Marcos, TX 3
- 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 2008
LEASED 01/08/20- Rent
- Rent Per SQFT
- $1,600
- $0.99
PROPERTY LISTING DETAILS
Bhgre Homecity
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 3582979
Last Updated: 02/28/2021
