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4 Green Glade Ct Wimberley, TX 78676

3 Beds 2 Baths 1,350 sqft Built 2020

INVESTimate

$269,000

List Price

$1,610

$1,449 - $1,771

Rent Est.

$288,341  ( +7.19%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $199.26
  • 6 Days on Market
  • MLS # : 7780400
  • Updated Date : 08/21/2020 at 16:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,350 sqft
  • Baths : 2 full
Listing Agent

Century 21 Randall Morris

Listing Agent's Description

Beautiful country style home in the Wimberley Valley. This 3 bed 2 bath home features wood like tile flooring, high ceilings, Quartz counter tops, and stainless steel appliances. There is a large master bedroom/bathroom with coffered ceilings and a large walk-in shower with plenty of closet space. Located on a private cul-de-sac and walking distance to Morrow Park. With the likes of Jacob's Well, Blue Hole, and other Wimnberley attractions this makes for a great first home or someone looking to downsize.

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: 78676

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k410k

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

Zip Code: 78676

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8272157

* 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
Jacob's Well Elementary School Primary Regular 629 41 6
Danforth Junior High School Middle Regular 479 35 8
Wimberley High School High Regular 695 51 7

Jacob's Well Elementary School

  • Education Level: Primary
  • # of students: 629
  • # of teachers: 41
6
GreatSchools Rating

Danforth Junior High School

  • Education Level: Middle
  • # of students: 479
  • # of teachers: 35
8
GreatSchools Rating

Wimberley High School

  • Education Level: High
  • # of students: 695
  • # of teachers: 51
7
GreatSchools Rating
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,449$1,771$1,610

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-$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$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$992
Property Tax -$425
Property Insurance -$103
HOA -$10
Property Management Fees -$129
CASH FLOW
-$50

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$269,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 7.19%
Maintenance Year (1-5) 3.00%
Vacancy 6.80%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,285

INVESTMENT

$73,285

Down Payment
$67,250
Rehab Estimate
$2,000
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$10,080

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $1,603

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4003$1,5004$1,6105$1,650
$1,650
RENT COMPS ANALYSIS
  • 4 Green Glade Ct Wimberley, 4
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $1.19
    •  
  • 19 Shady Bluff Ct Wimberley, 1
    • 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 2008
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.17
    •  
  • 25 Country Place Dr Wimberley, 2
    • 3 beds 2 baths ∙ 1,154 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,154 Sqft ∙ Built 1999
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.21
    •  
  • 31 Woodacre Dr Wimberley, 3
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1997
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.11
    •  
  • 35 Country Place Dr Wimberley, 5
    • 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 2000
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.26
    •  
PROPERTY LISTING DETAILS
Zachary Adkisson
1.512.217.4776
Century 21 Randall Morris
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7780400
Last Updated: 08/21/2020
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