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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $194.54
- 7 Days on Market
- MLS # : 7947114
- Updated Date : 01/04/2021 at 20:08
CONSTRUCTION
- Beds : 4
- Floor Size : 1,850 sqft
- Baths : 2 full , 1 half
Listing Agent
Century 21 Randall Morris & As
Listing Agent's Description
Make this new construction home yours this spring! There's still time to add your personal touch by choosing the interior & exterior paint color, along with a selection of builder finishes. Walk through the front door to be welcomed by a dramatic 18 ft ceiling, picture windows letting in natural light, and an open floor concept. The primary bedroom is conveniently located on the first floor with an ensuite 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. Other highlights include a Google nest doorbell, CAT 6 cables for data in bedrooms, deck in the backyard, concrete driveway, and builder home warranties. Enjoy the beauty of Wimberley and the close proximity to Jacob's Well. Renderings give a general idea of the home construction, see agent for floor plan on details of the home.
SEE MORE
- #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)
- 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)
PRICE & RENT TRENDS
Zip Code: 78676
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78676
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,940 |
| EXPENSES | Loan Payment | -$1,250 |
| Property Tax | -$569 | |
| Property Insurance | -$131 | |
| HOA | -$10 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$119
|
||
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
$1,940
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$97,374
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
3.17
YEARS SAVED
$9,207
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,940
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,896
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
84 Persimmon Drive Wimberley, TX 4
- 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 2021 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $1,940
- $1.05
-
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
-
7 Falling Leaf Lane Wimberley, TX 2
- 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 1991
LEASED 11/24/20- Rent
- Rent Per SQFT
- $1,700
- $0.99
-
15 Springwood Cir Wimberley, TX 3
- 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
-
18 Flaming Cliff Road Wimberley, TX 5
- 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 2018
LEASED 12/06/20- Rent
- Rent Per SQFT
- $2,150
- $1.12
PROPERTY LISTING DETAILS
1.512.738.2053
Century 21 Randall Morris & As
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 7947114
Last Updated: 01/04/2021
