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332 Lacey Oak Loop San Marcos, TX 78666

4 Beds 3 Baths 1,815 sqft Built 2020

$339,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $186.78
  • 4 Days on Market
  • MLS # : 6833752
  • Updated Date : 02/13/2021 at 21:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,815 sqft
  • Baths : 3 full
Listing Agent

Classen Realty Group

Listing Agent's Description

One of the only move-in ready homes available in the HIGHLY sought after Blanco Vista Community. This 4 bedroom 3 full bath home is ready for immediate move in. Upgrades completed in the last 90 days include a water softener, water filtration system, reverse osmosis system, AND a custom sliding glass shower door for the 2nd bathroom. Enjoy a brand new home WITHOUT the construction noise, as this was one of the last houses built on Lacey Oak Loop. The large backyard, sliding glass patio door, 2x6 exterior construction, and tankless water heater round out the list of upgrades on this gorgeous home. Blanco Vista Elementary and the Community Pond are only a short walk away!

SEE MORE

MARKET HIGHLIGHTS

  • 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

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
Blanco Vista Elementary School Primary Regular 795 53 6
Wallace Middle School Middle Regular 908 47 4
Lehman High School High Regular 2,303 116 4

Blanco Vista Elementary School

  • Education Level: Primary
  • # of students: 795
  • # of teachers: 53
6
GreatSchools Rating

Wallace Middle School

  • Education Level: Middle
  • # of students: 908
  • # of teachers: 47
4
GreatSchools Rating

Lehman High School

  • Education Level: High
  • # of students: 2,303
  • # of teachers: 116
4
GreatSchools Rating
 

$305,100$372,900$339,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,177
Property Tax -$695
Property Insurance -$129
HOA -$37
Property Management Fees -$99
CASH FLOW
-$118

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.

$339,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,835

INVESTMENT

$91,835

Down Payment
$84,750
Rehab Estimate
$2,000
Closing Costs
$5,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,750
Loan Amount $254,250
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$7,860

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,960

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8253$1,8504$1,9005$2,020
$2,020
RENT COMPS ANALYSIS
  • 332 Lacey Oak Loop Loop San Marcos, TX 5
    • 4 beds 3 baths ∙ 1,815 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,815 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $1.11
    •  
  • 149 Fort Griffin Dr San Marcos, TX 1
    • 4 beds 3 baths ∙ 1,734 Sqft ∙ Built 2014 4 beds 3 baths ∙ 1,734 Sqft ∙ Built 2014
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.04
    •  
  • 226 Hay Barn Street San Marcos, TX 2
    • 3 beds 3 baths ∙ 1,717 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,717 Sqft ∙ Built 2013
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.06
    •  
  • 505 Easton Drive San Marcos, TX 3
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 2014
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.14
    •  
  • 117 Lacey Oak Loop San Marcos, TX 4
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2020
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.08
    •  
PROPERTY LISTING DETAILS
Mitchell Classen
Classen Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6833752
Last Updated: 02/13/2021
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