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84 Persimmon Drive Wimberley, TX 78676

4 Beds 3 Baths 1,850 sqft Built 2021

$359,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 04, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • #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

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
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

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

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$200k$400k$600k$800k$1.0M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,374

INVESTMENT

$97,374

Down Payment
$89,975
Rehab Estimate
$2,000
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

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
$1,700
1$1,7002$1,7003$1,8504$1,9405$2,150
$2,150
RENT COMPS ANALYSIS
  • 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
Sylvia Muzzy
1.512.738.2053
Century 21 Randall Morris & As
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7947114
Last Updated: 01/04/2021
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