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104 Ajuga Court Lakeway, TX 78734

4 Beds 3 Baths 2,976 sqft Built 1989

$565,000

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $189.85
  • 3 Days on Market
  • MLS # : 6868579
  • Updated Date : 11/20/2020 at 23:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,976 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathaway Tx Realty

Listing Agent's Description

Quiet cul de sac in ‘Old Lakeway’ close to park and other community amenities. This 4 bedroom (or 3 bedroom and office) is ready for move in or your personal updates. Abundant natural light with views to the outdoors gives this home a special ambiance. Feel like a chef in the large kitchen with wet bar and breakfast area with access to backyard. Spacious owners suite is ready for updating to your personal taste. Open architecture from first to second floor with dramatic entry foyer with landing creates the perfect setting for memorable photos. Large, private backyard and entertainment space with large, majestic oak provides a beautiful setting for entertaining or enjoying quiet, lazy days. Please wear mask and sanitize hands before touring home. If anyone is or has been exhibiting flu like or Covid symptoms in last 14 days please do not tour. Washer and dryer convey AS IS

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: Lakeway

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $136k540k

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

Neighborhood: Lakeway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9972987

* 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
Serene Hills Elementary School Primary Regular 762 46 10
Hudson Bend Middle School Middle Regular 1,029 65 9
Lake Travis High School High Regular 2,561 141 8

Serene Hills Elementary School

  • Education Level: Primary
  • # of students: 762
  • # of teachers: 46
10
GreatSchools Rating

Hudson Bend Middle School

  • Education Level: Middle
  • # of students: 1,029
  • # of teachers: 65
9
GreatSchools Rating

Lake Travis High School

  • Education Level: High
  • # of students: 2,561
  • # of teachers: 141
8
GreatSchools Rating
 

$508,500$621,500$565,000

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$2,085
Property Tax -$1,106
Property Insurance -$194
Property Management Fees -$240
CASH FLOW
-$625

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.

$565,000

PROJECTED PRICE

$3,000

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 4.9%
Maintenance Year (1-5) 8.00%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,085

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$316

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,000

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $3,251

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,2003$3,2504$3,3005$3,400
$3,400
RENT COMPS ANALYSIS
  • 104 Ajuga Court Lakeway, TX 1
    • 4 beds 3 baths ∙ 2,976 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,976 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.01
    •  
  • 210 Clubhouse Drive Lakeway, TX 2
    • 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 2005
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.03
    •  
  • 709 Sunfish Street Lakeway, TX 3
    • 3 beds 3 baths ∙ 2,790 Sqft ∙ Built 1975 3 beds 3 baths ∙ 2,790 Sqft ∙ Built 1975
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.16
    •  
  • 321 Copperleaf Road Lakeway, TX 4
    • 5 beds 4 baths ∙ 3,122 Sqft ∙ Built 1985 5 beds 4 baths ∙ 3,122 Sqft ∙ Built 1985
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.06
    •  
  • 216 Bellagio Drive Lakeway, TX 5
    • 4 beds 4 baths ∙ 3,028 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,028 Sqft ∙ Built 2009
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.12
    •  
PROPERTY LISTING DETAILS
Trina Rose
1.512.633.2248
Berkshire Hathaway Tx Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6868579
Last Updated: 11/20/2020
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