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2931 Aller New Braunfels, TX 78130

4 Beds 3 Baths 2,515 sqft Built 2020

$326,210

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $129.71
  • 20 Days on Market
  • MLS # : 4181010
  • Updated Date : 11/16/2020 at 21:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,515 sqft
  • Baths : 3 full
Listing Agent

Move Up America Llc

Listing Agent's Description

*OPEN HOUSE THIS SATURDAY & SUNDAY, 12PM-4PM* You will not find another home with this amount of space, features AND quality! The master suite is so big, it is almost half of the entire upstairs! Master suite includes a Texas-sized walk-in closet, walk-in shower and double vanities. The kitchen, equipped with stainless steel appliances from the first day you move in, overlooks the breakfast nook and family living area, keeping true to that open concept our homes embody. Home features a huge covered patio that is more than half the width of the entire home and a porch on the front of the home as well! Lots of windows and natural light. You will love this plan! Come inside and see for yourself! **PHOTOS OF SAME PLAN, NOT ACTUAL HOME. FINISH OUT MAY VARY. SEE SALES COUNSELOR FOR DETAILS**

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
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
 

$293,589$358,831$326,210

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,204
Property Tax -$588
Property Insurance -$172
HOA -$38
Property Management Fees -$146
CASH FLOW
-$317

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.

$326,210

PROJECTED PRICE

$1,830

PROJECTED RENT

0.56%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,446

INVESTMENT

$88,446

Down Payment
$81,553
Rehab Estimate
$2,000
Closing Costs
$4,893

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,204

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,553
Loan Amount $244,658
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$83

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,798

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7753$1,830
$1,830
RENT COMPS ANALYSIS
  • 2931 Aller New Braunfels, TX 3
    • 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.73
    •  
  • 842 Camel Back Drive New Braunfels, TX 1
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2002
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.75
    •  
  • 769 Willow Crossing New Braunfels, TX 2
    • 3 beds 3 baths ∙ 2,608 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,608 Sqft ∙ Built 2001
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.68
    •  
PROPERTY LISTING DETAILS
Daisy Lopez
1.512.995.5326
Move Up America Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 4181010
Last Updated: 11/16/2020
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