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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $127.70
- 24 Days on Market
- MLS # : 8105770
- Updated Date : 11/17/2020 at 17:20
CONSTRUCTION
- Beds : 3
- Floor Size : 2,114 sqft
- Baths : 2 full , 1 half
Listing Agent
Telco Realty Systems
Listing Agent's Description
Absolutely awesome two story home located on a large fenced and treed cul-de-sac lot. Beautiful condition and clean as a whistle! Exquisite stone exterior really captures your attention and it makes for a Texas Style Gem. Front covered porch and likely the best Texas Sized backyard covered patio in the neighborhood. Huge trees provide ample shade and add to the stunning appearance of the property. Backyard has a storage building for all of your gardening and lawn tools. On level one you have a large living area with stone fireplace, breakfast and formal dining spaces, big kitchen with island and tile floors, 1/2 bath, laundry room and 2 car garage with opener. On level two you have a fabulous huge owner's suite with extra sitting area, massive walk-in closet, tray style ceiling and the owner's bath has a big garden tub, separate shower and double vanities. Also on level two you get a nice sized game room, 2 additional bedrooms and a full hall bath. This home shines and is priced to sell asap. The neighborhood amenities include community pool, parks, covered picnic areas, basketball courts, volleyball court, soccer field and more. Great place to enjoy the outdoors and get your exercise. Don't procrastinate, come check out this gorgeous property today or you will lose out on the opportunity of a lifetime.
SEE MORE
- 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
Neighborhood: Block House Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Block House Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,660 |
| EXPENSES | Loan Payment | -$996 |
| Property Tax | -$624 | |
| Property Insurance | -$146 | |
| HOA | -$26 | |
| Property Management Fees | -$133 | |
|
CASH FLOW
-$265
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$269,950
PROJECTED PRICE
$1,660
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 7.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.72% |
| 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
$77,287
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,488 |
| Loan Amount | $202,463 |
0.33
YEARS SAVED
$170
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,675
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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102 Presidio Drive Leander, TX 5
- 3 beds 3 baths ∙ 2,114 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,114 Sqft ∙ Built 2000
![property image]()
- Rent
- Rent Per SQFT
- $1,660
- $0.79
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306 Glen Valley Dr Leander, TX 1
- 3 beds 2 baths ∙ 1,930 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,930 Sqft ∙ Built 2004
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LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,550
- $0.80
-
615 Fall Creek Dr Leander, TX 2
- 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 2002
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LEASED 11/15/19- Rent
- Rent Per SQFT
- $1,600
- $0.82
-
105 Lombard Dr Leander, TX 3
- 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 2001
![property image]()
LEASED 03/25/20- Rent
- Rent Per SQFT
- $1,625
- $0.72
-
307 Presidio Dr Leander, TX 4
- 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 2000
![property image]()
LEASED 06/25/20- Rent
- Rent Per SQFT
- $1,650
- $0.83
PROPERTY LISTING DETAILS
1.512.346.7355
Telco Realty Systems
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 8105770
Last Updated: 11/17/2020
