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82 Crazy Cross Road Wimberley, TX 78676

3 Beds 2 Baths 1,286 sqft Built 2021

$269,975

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $209.93
  • 3 Days on Market
  • MLS # : 1341009
  • Updated Date : 01/22/2021 at 22:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,286 sqft
  • Baths : 2 full
Listing Agent

The Samford Group Llc

Listing Agent's Description

Beautiful farmhouse style home with a view from the front porch, nice large backyard on a corner lot. This is our most popular floorplan in this price range. The home is currently being painted and the tile will go on the week of the 25th. The pictures are of a previous home we sold like this one excluding the venthood, that is different in this home. The selections will be the same. If this is your price range this home is amazing! Don't miss this opportunity to live in Wimberley, in an affordable price range. Call today for a private showing!

SEE MORE

MARKET HIGHLIGHTS

  • 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: 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
 

$242,978$296,973$269,975

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$938
Property Tax -$427
Property Insurance -$100
HOA -$10
Property Management Fees -$99
CASH FLOW
-$123

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.

$269,975

PROJECTED PRICE

$1,450

PROJECTED RENT

0.54%

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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,543

INVESTMENT

$73,543

Down Payment
$67,494
Rehab Estimate
$2,000
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,494
Loan Amount $202,481
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,157

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,444

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5003$1,5004$1,595
$1,595
RENT COMPS ANALYSIS
  • 82 Crazy Cross Road Wimberley, TX 1
    • 3 beds 2 baths ∙ 1,286 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,286 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.13
    •  
  • 28 Ridgewood Circle Wimberley, TX 2
    • 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 2004
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.13
    •  
  • 100 Ridgewood Cir Wimberley, TX 3
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 2003
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.06
    •  
  • 3 Sunset Circle Wimberley, TX 4
    • 3 beds 2 baths ∙ 1,286 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,286 Sqft ∙ Built 2002
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.24
    •  
PROPERTY LISTING DETAILS
Brenda Samford
1.512.577.2970
The Samford Group Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1341009
Last Updated: 01/22/2021
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