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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $158.75
- 3 Days on Market
- MLS # : 2979668
- Updated Date : 11/20/2020 at 17:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,559 sqft
- Baths : 2 full
Listing Agent
D.r. Horton, America's Builder
Listing Agent's Description
UNDER CONSTRUCTION - EST COMPLETION IN JAN 2021. The Denton is a single story 1,559 square foot home with 3 bedrooms, 2 bathrooms, and a 2 car garage. The open-concept layout of our Denton plan is perfect for entertaining and family gatherings. The kitchen is equipped with stainless steel appliances, natural gas cooktop, granite countertops with undermount sink, and subway tile backsplash. Vinyl wood flooring throughout the home and wet areas, with carpet only in the bedrooms and closets. Large primary bedroom located off the family room with a spacious bathroom offering 2 sinks at vanity, large walk-in closet, and oversized walk-in shower. Outside enjoy the covered back patios, full sod, irrigation system, and gutters. This home is a MUST SEE in San Marcos's newest community, WHISPER.
SEE MORE
- 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)
- 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.
PRICE & RENT TRENDS
Zip Code: 78666
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78666
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$913 |
| Property Tax | -$508 | |
| Property Insurance | -$115 | |
| HOA | -$35 | |
| Property Management Fees | -$127 | |
|
CASH FLOW
-$108
|
||
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.
$247,490
PROJECTED PRICE
$1,590
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$67,585
LOAN DETAILS
$913
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $61,873 |
| Loan Amount | $185,618 |
2.17
YEARS SAVED
$4,516
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,606
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
637 Golden Grove Parkway San Marcos, TX 2
- 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,590
- $1.02
-
214 Silo Street San Marcos, TX 1
- 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2009
LEASED 08/14/19- Rent
- Rent Per SQFT
- $1,550
- $1.01
-
147 Gambel Oak Way San Marcos, TX 3
- 3 beds 3 baths ∙ 1,699 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,699 Sqft ∙ Built 2015
LEASED 08/10/20- Rent
- Rent Per SQFT
- $1,750
- $1.03
-
226 Hay Barn Street San Marcos, TX 4
- 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
-
619 Stampede Road San Marcos, TX 5
- 4 beds 3 baths ∙ 1,868 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,868 Sqft ∙ Built 2016
LEASED 07/01/19- Rent
- Rent Per SQFT
- $1,900
- $1.02
PROPERTY LISTING DETAILS
1.512.270.6196
D.r. Horton, America's Builder
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 2979668
Last Updated: 11/20/2020
