estimated renovation budget list price w...property management none- owner managed $ - reserve 1% of...
TRANSCRIPT
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Category Description $ Totals
179,900$
30,000$
209,900$
18,000$
Home Monthly Estimate 1,500$
5,290$
Taxes 2016 Actual 2,291$
Insurance 2017 Estimated 900$
Repairs Included in Reserve
Maintenanace Included in Reserve
HOA None -$
Utilities None - Tenant expense -$
Property Management None- Owner Managed -$
Reserve 1% of Investment 2,099$
Net Operating Income 12,710$
Estimated Annual Debt Service *Estimated montly P&I * 12 10,210$
Net Cash Flow 2,500$
Cap Rate 7.06%
1st year Cash on Cash 5.41%
Net Operating Income / Sale Price
1st Year Net Cash Flow / (Down Payment + 1% Closing Cost)
* $850.83 estimated monthly P&I. 4.5% APR. Arm 5 year fixed. 30-year amortization. 1% closing cost. Calculator: http://www.calculator.net/
315 W Burbank Fredericskburg TX 78624 Financial Model
Investor Proforma
PERFORMANCE INDICATORS
ANNUAL RENTAL REVENUES
ANNUAL OPERATING EXPENSES
Annual Rental Revenues - Annual Operating Expenses
Net Operating Income - *Annual Debt Service
LIST PRICE
ESTIMATED RENOVATION BUDGET
INVESTMENT (LIST PRICE + ESTIMATED IMPROVEMENTS)
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Category Calculation $
List Price 179,900$
Investor Rehab Budget 30,000$
Investment
List Price +
Rehab Cost 209,900$
2016 Home Value: Avg. Sale Price per SF in
Fredericksburg for Homes Under 1,000 SF * 926 SF $266 SF * 926 SF 246,316$
Instant Equity
2016 Home Value
- Investment 36,416$
$36,000 Instant Equity AFTER $30,000 Investor Renovation Investment
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Flip or investor opportunityfor major renovations and still be way under market
$194
$266 $268
$418
$-
$50
$100
$150
$200
$250
$300
$350
$400
$450
List Price Average Median Maximum
List Price / SF Compared to 2016 Fredericksburg Sale Price / SF Homes Sold Under 1,000 SF
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Flip or investor opportunityfor major renovations and still be way under market
$179,900
$246,492 $247,781
$387,411
$-
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
List Price Average Median Maximum
List Price Compared to 2016 Fredericksburg Sale Price Homes Sold Under 1,000 SF
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Gillespie CAD Satellite with Property Lines
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Not in flood plain
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Who lives in Fredericksburg ESRI Tapestry Segmentation Profile
54% Midlife Constants
2.3 Avg. Household Size46 Median AgeLive in smaller communitiesGenerous, not spendthrifts
14% Old & Newcomers
2.1 Avg. Household Size39 Median AgeSingle’s lifestyles on a budgetAge not obvious from choices
16% Comfortable Empty Nesters
2.5 Avg. Household Size47 Median AgeMany live where they grew upValue health and financial well-being
9% Retirement Communities
1.9 Avg. Household Size52 Median AgeFiscally responsible eye on financesPaid their dues, prefer eating out
7% The Great Outdoors
2.4 Avg. Household Size46 Median AgeInvest in real estate vs. stocksMost still work
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-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
2,000,000
2008 2012 2016 2020
Fredericksburg Annual Visitors Historic & Projected
Values
Forecast
Lower Confidence Bound
Upper Confidence Bound
Timeline Values Forecast
Lower
Confidence
Bound
Upper
Confidence
Bound
2008 1,000,000
2012 1,200,000
2016 1,500,000 1,500,000 1,500,000 1,500,000
2020 1,737,080 1,679,391 1,794,769
Historic data from Fredericksburg Visitor & Convention Bureau Projections from Southwest Partners
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Visitor demographics
From Fredericksburg Visitor & Convention Bureau 2013 Annual Report
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Visitor home locations
From Fredericksburg Visitor & Convention Bureau 2013 Annual Report
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19.0%
16.4%
14.5%
12.3%13.5%
9.6%
12.7% 12.6%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
Fredericksburg Arlington Austin Dallas Fort Worth Galveston Houston San Antonio
% $500K Household Net Worth
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$761,089
$477,002
$412,546
$422,814
$383,250
$348,779
$389,088
$367,250
$- $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000
Fredericksburg
Arlington
Austin
Dallas
Fort Worth
Galveston
Houston
San Antonio
Average Household Net Worth
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$271,628
$179,519
$323,852
$263,137
$181,722
$215,664 $234,952
$169,569
$-
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
Fredericksburg Arlington Austin Dallas Fort Worth Galveston Houston San Antonio
Average Home Values
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0.9 miles to W Main ST
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0.4 miles to N Llano ST
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1-3-5 mile radii map
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30-60-90 mile radii map