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3954 Legend Woods New Braunfels, TX 78130

3 Beds 3 Baths 2,041 sqft Built 2018

$259,900

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $127.34
  • 3 Days on Market
  • MLS # : 1385406
  • Updated Date : 02/12/2021 at 21:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,041 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Heritage

Listing Agent's Description

This beautifully maintained 2-story William Lyons home is situated on a spacious corner lot. Entry level offers an inviting open concept floorplan that is great for entertaining guests. The kitchen boasts stainless steel appliances, white cabinetry, walk-in pantry, and quartz counters. Downstairs office is conveniently located next to the guest bath, doubling as the ideal setup for visiting guests. Upstairs features Owner's retreat and en-suite, 2 bedrooms, full bath, loft, and laundry room. Loft area is the perfect flex space for a game room, play space, or at home gym! Large backyard has plenty of room to add a playscape or firepit. Community features a pool and playground.

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: 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
Klein Road Elementary School Primary Regular 728 43 6
New Braunfels High School High Regular 1,711 94 6
Klein Road Elementary School Primary Unknown NA

Klein Road Elementary School

  • Education Level: Primary
  • # of students: 728
  • # of teachers: 43
6
GreatSchools Rating

New Braunfels High School

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

Klein Road Elementary School

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

$233,910$285,890$259,900

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$903
Property Tax -$468
Property Insurance -$145
HOA -$26
Property Management Fees -$99
CASH FLOW
$79

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.

$259,900

PROJECTED PRICE

$1,720

PROJECTED RENT

0.66%

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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$11,742

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,959

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,720
1$1,7202$1,7253$1,8954$1,895
$1,895
RENT COMPS ANALYSIS
  • 3954 Legend Woods New Braunfels, TX 1
    • 3 beds 3 baths ∙ 2,041 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,041 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.84
    •  
  • 2580 Diamondback Trl New Braunfels, TX 2
    • 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 2014
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.99
    •  
  • 4005 Legend Pond New Braunfels, TX 3
    • 4 beds 3 baths ∙ 1,910 Sqft ∙ Built 2015 4 beds 3 baths ∙ 1,910 Sqft ∙ Built 2015
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.99
    •  
  • 3997 Legend Pond New Braunfels, TX 4
    • 3 beds 3 baths ∙ 2,177 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,177 Sqft ∙ Built 2015
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.87
    •  
PROPERTY LISTING DETAILS
Laurie Jarrett
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1385406
Last Updated: 02/12/2021
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