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2341 Arctic Warbler New Braunfels, TX 78130

3 Beds 2 Baths 1,385 sqft Built 2017

$234,900

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $169.60
  • 4 Days on Market
  • MLS # : 9838515
  • Updated Date : 02/05/2021 at 17:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,385 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful Lennar built 3BR/2BA home nestled on a friendly street with no backyard neighbors! Home is ideally located within walking distance to Voss Farms Elementary, and the neighborhood pool, playgrounds and outdoor community area. Featuring many Smart Home technologies, this home includes solar panels, Kevo-smart locks, Ring doorbell, and an upgraded wifi booster to easily connect smart devices! Home is filled with gorgeous natural light highlighting the open floorplan and the amazing vinyl plank floors throughout the common areas of the home.

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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Walnut Springs Elementary School Primary Regular 500 30 7
New Braunfels High School High Regular 1,711 94 6
Lone Star Early Childhood School Primary Unknown NA

Walnut Springs Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 30
7
GreatSchools Rating

New Braunfels High School

  • Education Level: High
  • # of students: 1,711
  • # of teachers: 94
6
GreatSchools Rating

Lone Star Early Childhood School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$211,410$258,390$234,900

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$816
Property Tax -$423
Property Insurance -$107
HOA -$32
Property Management Fees -$99
CASH FLOW
-$97

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.

$234,900

PROJECTED PRICE

$1,380

PROJECTED RENT

0.59%

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) 8.00%
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

PROJECTED ANNUAL CASH FLOW

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

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$67,999

INVESTMENT

$67,999

Down Payment
$58,725
Rehab Estimate
$5,750
Closing Costs
$3,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,725
Loan Amount $176,175
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,181

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,395

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,345
1$1,3452$1,3453$1,3804$1,6955$1,775
$1,775
RENT COMPS ANALYSIS
  • 2341 Arctic Warbler New Braunfels, TX 3
    • 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.00
    •  
  • 2565 Pahmeyer Road New Braunfels, TX 1
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 2017
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.98
    •  
  • 2540 Pahmeyer Road New Braunfels, TX 2
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 2017
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.98
    •  
  • 884 Highland Vista New Braunfels, TX 4
    • 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 2014
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.04
    •  
  • 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
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.03
    •  
PROPERTY LISTING DETAILS
Jaymes Willoughby
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9838515
Last Updated: 02/05/2021
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