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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $176.56
- 4 Days on Market
- MLS # : 8486884
- Updated Date : 01/21/2021 at 20:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,263 sqft
- Baths : 2 full
Listing Agent
D.r. Horton, America's Builder
Listing Agent's Description
NO INVESTOR PURCHASES AT THIS TIME. UNDER CONSTRUCTION - EST COMPLETION IN SUMMER 2021. The Ashburn is a 1,228 sq. ft. 3 bedroom, 2 bathroom single-story home. The long foyer leads into the large family room. The family room is open to the kitchen and the dining area. The kitchen features stainless steel appliances, granite countertops and decorative tile backsplash. The main bedroom, bedroom 1, is located off the family room and includes a huge walk-in closet and walk-in shower. The secondary bedrooms are located in the front of the home next to the utility room. Enjoy the covered patio, full sod and irrigation. This home includes our HOME IS CONNECTED base package which includes the Alexa Voice control, Front Door Bell, Front Door Deadbolt Lock, Home Hub, Light Switch, and Thermostat.
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
Zip Code: 78155
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78155
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,330 |
| EXPENSES | Loan Payment | -$775 |
| Property Tax | -$421 | |
| Property Insurance | -$100 | |
| HOA | -$32 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$96
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$222,990
PROJECTED PRICE
$1,330
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.31% |
| Appreciation Year (1-5) | 4.3% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 9.54% |
| 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
$61,092
LOAN DETAILS
$775
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $55,748 |
| Loan Amount | $167,243 |
1.25
YEARS SAVED
$1,597
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,330
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,326
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
1074 Amble Oak Seguin, TX 1
- 3 beds 2 baths ∙ 1,263 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,263 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $1,330
- $1.05
-
209 E Rosemary Drive Seguin, TX 2
- 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1968
![property image]()
LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,400
- $1.05
PROPERTY LISTING DETAILS
1.512.270.6196
D.r. Horton, America's Builder
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 8486884
Last Updated: 01/21/2021
