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5 Caliche Court Wimberley, TX 78676

4 Beds 3 Baths 1,850 sqft Built 2020

$359,900

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $194.54
  • 3 Days on Market
  • MLS # : 1836711
  • Updated Date : 11/07/2020 at 02:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,850 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Randall Morris & As

Listing Agent's Description

This beautiful nearly complete two-story home in Wimberley is ready for a buyer. Walk through the front door to be welcomed with a dramatic 20 ft ceiling, three picture windows letting in the morning sun, and an open floor concept. The primary bedroom is conveniently located on the first floor with a walk-in closet and spacious bathroom. The first floor is well laid-out with a guest bath, kitchen pantry, kitchen island, and laundry room. The extra storage space under the stairs, and an adorable doggie room are just a few special touches this builder has made to the home. The backyard is sprinkled with oak trees, offering shade for our hot summers. This home will have a concrete driveway and walkway to the front porch, with a wooden deck in the backyard. Other highlights in this home include a ring doorbell, Nest thermostat, CAT 6 cables for data in bedrooms, and builder home warranties. Swing by and take a look at this great home! Some modifications have been made from the renderings, see agent.

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
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,328
Property Tax -$569
Property Insurance -$131
HOA -$10
Property Management Fees -$153
CASH FLOW
-$281

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.

$359,900

PROJECTED PRICE

$1,910

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 3.00%
Vacancy 6.80%
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-$6.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,374

INVESTMENT

$97,374

Down Payment
$89,975
Rehab Estimate
$2,000
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,221

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,869

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8503$1,9104$2,100
$2,100
RENT COMPS ANALYSIS
  • 5 Caliche Court Wimberley, TX 3
    • 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $1.03
    •  
  • 7 Falling Leaf Ln Wimberley, TX 1
    • 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 1991
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.99
    •  
  • 15 Springwood Cir Wimberley, TX 2
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2005
    LEASED 01/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
  • 52 Ridgewood Circle Wimberley, TX 4
    • 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 2013
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.05
    •  
PROPERTY LISTING DETAILS
Sylvia Muzzy
1.512.738.2053
Century 21 Randall Morris & As
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1836711
Last Updated: 11/07/2020
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