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102 Presidio Drive Leander, TX 78641

3 Beds 3 Baths 2,114 sqft Built 2000

$269,950

List Price

$1,660

$1.5K - $1.8K

Rent Est.

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

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

Neighborhood: Block House Creek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $125k298k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Block House Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9211744

* 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
Pleasant Hill Elementary School Primary Regular 844 59 4
Wiley Middle School Middle Regular 967 63 8
Rouse High School High Regular 2,336 140 7

Pleasant Hill Elementary School

  • Education Level: Primary
  • # of students: 844
  • # of teachers: 59
4
GreatSchools Rating

Wiley Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 63
8
GreatSchools Rating

Rouse High School

  • Education Level: High
  • # of students: 2,336
  • # of teachers: 140
7
GreatSchools Rating
 

$242,955$296,945$269,950

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k

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$77,287

INVESTMENT

$77,287

Down Payment
$67,488
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,488
Loan Amount $202,463
See What Happens When You Reinvest Cash Flow

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
$1,550
1$1,5502$1,6003$1,6254$1,6505$1,660
$1,660
RENT COMPS ANALYSIS
  • 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
    •  
  • 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
    property image
    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
    property image
    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
Thomas Lemon
1.512.346.7355
Telco Realty Systems
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8105770
Last Updated: 11/17/2020
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