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501 Hunters Hill Drive San Marcos, TX 78666

4 Beds 3 Baths 2,544 sqft Built 2015

$309,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $121.46
  • 3 Days on Market
  • MLS # : 7926370
  • Updated Date : 01/16/2021 at 05:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,544 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Damron Group Realtors

Listing Agent's Description

This home has Striking Curb Appeal with stone/brick/stucco exterior. Enjoy peaceful backyard living with the 9'X22' screened-in back porch looking out to the greenbelt behind. Welcoming entryway with great use of space throughout. The open concept floorplan includes ample room for family and entertaining. Formal dining (12'x11') with additional breakfast area off kitchen. The primary bedroom (13'x16') is downstairs with separate garden tub, walk-in shower, and walk-in closet. Large 16'x19' game room/flex space upstairs, wired for surround sound with 4k ultra high def 84" TV. Three additional bedrooms and bath upstairs. Located with easy access to IH-35 for those working in Austin or SA. Elementary and Middle School in the neighborhood, and Outlet Malls and Hospital nearby.

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
Hernandez Elementary School Primary Regular 829 49 5
Doris Miller Middle School Middle Regular 683 51 3
San Marcos High School High Regular 2,162 148 3

Hernandez Elementary School

  • Education Level: Primary
  • # of students: 829
  • # of teachers: 49
5
GreatSchools Rating

Doris Miller Middle School

  • Education Level: Middle
  • # of students: 683
  • # of teachers: 51
3
GreatSchools Rating

San Marcos High School

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

$278,100$339,900$309,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,073
Property Tax -$658
Property Insurance -$170
HOA -$47
Property Management Fees -$99
CASH FLOW
-$37

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.

$309,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.65%

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) 8.00%
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

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,635

INVESTMENT

$87,635

Down Payment
$77,250
Rehab Estimate
$5,750
Closing Costs
$4,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,073

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,250
Loan Amount $231,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$10,640

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,298

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,0103$2,0954$2,150
$2,150
RENT COMPS ANALYSIS
  • 501 Hunters Hill Drive San Marcos, TX 2
    • 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.79
    •  
  • 244 Mary Max Circle San Marcos, TX 1
    • 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 2017
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.90
    •  
  • 341 Mary Max Circle San Marcos, TX 3
    • 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 2018
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.95
    •  
  • 619 Larue Drive San Marcos, TX 4
    • 3 beds 3 baths ∙ 2,511 Sqft ∙ Built 1975 3 beds 3 baths ∙ 2,511 Sqft ∙ Built 1975
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.86
    •  
PROPERTY LISTING DETAILS
Jodi Adams
1.512.644.5344
The Damron Group Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7926370
Last Updated: 01/16/2021
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