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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $126.98
- 2 Days on Market
- MLS # : 6399881
- Updated Date : 01/10/2021 at 03:01
CONSTRUCTION
- Beds : 4
- Floor Size : 2,283 sqft
- Baths : 2 full , 1 half
Listing Agent
Berkshire Hathawayhs Acr
Listing Agent's Description
This Gorgeous Home Has So Much To Offer!! 4 Bedroom 2.5 Bath High-Grade Laminate in Formal, Dining, Study and Utility. Large Gourmet Island Kitchen (lots of counter/cabinet space) Breakfast Room. Study with French Doors, Huge Storage Room Plus Utility Room, Spacious Primary Suite with Separate Shower/Garden Tub, Walk-in-Closet, Other Bedrooms Are Large With Walk-In Closets, Great Area Amenities With Pool/Club House/Tennis Court, Park, Trails. Super Convenient To Schools, Shopping, and Major Roads.
SEE MORE
- #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
Neighborhood: Villages of Chandler Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Villages of Chandler Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$572 | |
| Property Insurance | -$156 | |
| HOA | -$13 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$36
|
||
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.
$289,900
PROJECTED PRICE
$1,810
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 6.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.80% |
| 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
$82,574
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
3.58
YEARS SAVED
$9,797
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,815
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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- $1,795
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LEASED 05/15/20- Rent
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- $1,800
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LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,800
- $0.80
PROPERTY LISTING DETAILS
1.817.703.2947
Berkshire Hathawayhs Acr
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 6399881
Last Updated: 01/10/2021
