Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

323 Rachel St San Marcos, TX 78666

4 Beds 3 Baths 2,096 sqft Built 2016

INVESTimate

$263,900

List Price

$1,830

$1,647 - $2,013

Rent Est.

$279,391  ( +5.87%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2016
  • Price/Sqft : $125.91
  • 9 Days on Market
  • MLS # : 9200431
  • Updated Date : 08/24/2020 at 14:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,096 sqft
  • Baths : 3 full
Listing Agent

Robinson Co., Realtors

Listing Agent's Description

4 Bedroom and 3 full baths fill this large one-story home in Blanco River Village. Superb open concept floorplan with huge living/diing/kitdhen area with lots of windows and high ceilings. Giant island with breakfast bar, split master with walk-in shower & double vanity, second bedroom also has private bath, and bedrooms 3 & 4 off the kitchen share the hall bath. Entertain on the large covered patio or from the front porch...full 2 car garage with parking pad and gated entrance to the fenced yard.

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: 78666

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $101k298k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 78666

ZipNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6701723

* 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
Travis Elementary School Primary Regular 679 41 3
Owen Goodnight Middle School Middle Regular 1,043 69 4
San Marcos High School High Regular 2,162 148 3

Travis Elementary School

  • Education Level: Primary
  • # of students: 679
  • # of teachers: 41
3
GreatSchools Rating

Owen Goodnight Middle School

  • Education Level: Middle
  • # of students: 1,043
  • # of teachers: 69
4
GreatSchools Rating

San Marcos High School

  • Education Level: High
  • # of students: 2,162
  • # of teachers: 148
3
GreatSchools Rating
 

$237,510$290,290$263,900

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$974
Property Tax -$541
Property Insurance -$145
HOA -$50
Property Management Fees -$146
CASH FLOW
-$26

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.

$263,900

PROJECTED PRICE

$1,830

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.87%
Maintenance Year (1-5) 8.00%
Vacancy 6.13%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,684

INVESTMENT

$75,684

Down Payment
$65,975
Rehab Estimate
$5,750
Closing Costs
$3,959

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,975
Loan Amount $197,925
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$10,307

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
  • $0.87

    LIST RENT PER SQFT
  • $2,012

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7503$1,830
$1,830
RENT COMPS ANALYSIS
  • 323 Rachel St San Marcos, 3
    • 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.87
    •  
  • 335 Rachel San Marcos, 1
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2015
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.96
    •  
  • 320 Perry St San Marcos, 2
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2015
    property image
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.96
    •  
PROPERTY LISTING DETAILS
Clint Robinson
1.512.924.6966
Robinson Co., Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9200431
Last Updated: 08/24/2020
BESbswy