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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $170.33
- 6 Days on Market
- MLS # : 4787468
- Updated Date : 12/09/2020 at 12:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,409 sqft
- Baths : 2 full
Listing Agent
D.r. Horton, America's Builder
Listing Agent's Description
UNDER CONSTRUCTION - EST COMPLETION IN MAY 2021. The Baxtor is a newly designed 1,409 sq. ft. floorplan offering 3 bedrooms and 2 baths. Walk down the long foyer into the large family room overlooking the kitchen and dining area. The beautiful kitchen features Granite countertops, large kitchen island and black appliances. The Owner’s Suite is off the dining area featuring a large walk in shower and spacious closet. This home also comes with professional landscape and an irrigated yard with Bermuda sod. This home includes our HOME IS CONNECTED base package which includes the Alexa Voice control, Front Door Bell, Front Door Deadbolt Lock, Home Hub, Light Switch, and Thermostat.
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 | $1,450 |
| EXPENSES | Loan Payment | -$885 |
| Property Tax | -$492 | |
| Property Insurance | -$106 | |
| HOA | -$19 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$152
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$239,990
PROJECTED PRICE
$1,450
PROJECTED RENT
0.60%
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) | 3.00% |
| 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
$65,597
LOAN DETAILS
$885
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,998 |
| Loan Amount | $179,993 |
1.92
YEARS SAVED
$3,691
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,451
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
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- Rent
- Rent Per SQFT
- $1,450
- $1.03
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181 Lake Gln San Marcos, TX 2
- 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2016
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LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,550
- $1.01
-
236 Lance San Marcos, TX 3
- 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 2019
![property image]()
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,550
- $1.07
-
190 Tallow Trl San Marcos, TX 4
- 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 2016
![property image]()
LEASED 06/10/20- Rent
- Rent Per SQFT
- $1,700
- $1.03
PROPERTY LISTING DETAILS
1.512.270.6196
D.r. Horton, America's Builder
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 4787468
Last Updated: 12/09/2020
