Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

746 Great Oaks Drive New Braunfels, TX 78130

4 Beds 3 Baths 1,758 sqft Built 2013

$239,088

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
November 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $136.00
  • 7 Days on Market
  • MLS # : 8077563
  • Updated Date : 11/23/2020 at 15:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,758 sqft
  • Baths : 2 full , 1 half
Listing Agent

Phyllis Browning New Braunfels

Listing Agent's Description

Adorable & Affordable! Cute rock house with covered entry in friendly neighborhood. Walk in and be wowed with a spacious living and soaring view of the upstairs loft. Split master suite downstairs has plenty of space and a big master bath...double vanities, huge walk-in closet, large walk-in shower with dual shower heads, ample closet space. The nice kitchen/dining combo has all GE black appliances, wood cabinets, pantry and door to outside covered patio & pergola. 2 " blinds throughout & lots of storage in this house. Upstairs is a loft/gameroom + 2 more bedrooms & full bath. Backyard has covered patio and pergola with firepit. There is also a dog run. HOA has pool, playground, pavillion, & BBQ pits. Refrigerator is negotiable. Clear Springs elementary is in the neighborhood. Comal ISD

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
Clear Spring Elementary School Primary Regular 717 42 6
Canyon Middle School Middle Regular 1,073 61 6
Canyon High School High Regular 2,341 129 6

Clear Spring Elementary School

  • Education Level: Primary
  • # of students: 717
  • # of teachers: 42
6
GreatSchools Rating

Canyon Middle School

  • Education Level: Middle
  • # of students: 1,073
  • # of teachers: 61
6
GreatSchools Rating

Canyon High School

  • Education Level: High
  • # of students: 2,341
  • # of teachers: 129
6
GreatSchools Rating
 

$215,179$262,997$239,088

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 -$882
Property Tax -$431
Property Insurance -$129
HOA -$38
Property Management Fees -$138
CASH FLOW
$102

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.

$239,088

PROJECTED PRICE

$1,720

PROJECTED RENT

0.72%

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

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$69,108

INVESTMENT

$69,108

Down Payment
$59,772
Rehab Estimate
$5,750
Closing Costs
$3,586

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,772
Loan Amount $179,316
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$14,506

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
  • $0.98

    LIST RENT PER SQFT
  • $1,767

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,660
1$1,6602$1,6953$1,720
$1,720
RENT COMPS ANALYSIS
  • 746 Great Oaks Drive New Braunfels, TX 3
    • 4 beds 3 baths ∙ 1,758 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,758 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.98
    •  
  • 765 Wolfeton Way New Braunfels, TX 1
    • 4 beds 2 baths ∙ 1,638 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,638 Sqft ∙ Built 2014
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $1.01
    •  
  • 2242 Falcon Way New Braunfels, TX 2
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2015
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.00
    •  
PROPERTY LISTING DETAILS
Mary Rhodes
1.210.771.4481
Phyllis Browning New Braunfels
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8077563
Last Updated: 11/23/2020
BESbswy