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10805 Trail Weary Dr 
Austin, TX
78754
4 Beds 3 Baths 2,282 sqft
Built 2006
INVESTimate
$294,900
List Price
$83,899
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PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $129.23
- 1 Days on Market
- MLS # : 3051025
- Updated Date : 08/26/2020 at 04:01
CONSTRUCTION
- Beds : 4
- Floor Size : 2,282 sqft
- Baths : 2 full , 1 half
Listing Agent
Local Color Realty Group
Listing Agent's Description
Experience peaceful urban living surrounded by nature while still enjoying the modern conveniences of a big city. This highly sought-after pocket of Pioneer Crossing is surrounded by greenbelts & situated next to historic Pioneer Farms. This Craftsman-style home w/limestone accents features an open floor plan, new SS appliances, new paint, drought-tolerant landscaping, sprinkler system, cozy outdoor living areas, recessed lighting & ceiling fans throughout. No neighbors in back for added privacy.
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Pioneer Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pioneer Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$1,088 |
| Property Tax | -$580 | |
| Property Insurance | -$155 | |
| HOA | -$39 | |
| Property Management Fees | -$152 | |
|
CASH FLOW
-$114
|
||
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.
$294,900
PROJECTED PRICE
$1,900
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 7.92% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.72% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$83,899
LOAN DETAILS
$1,088
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,725 |
| Loan Amount | $221,175 |
2.17
YEARS SAVED
$5,368
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,900
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,031
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
10805 Trail Weary Dr Austin, 2
- 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,900
- $0.83
-
1540 Payton Falls Dr Austin, 1
- 3 beds 3 baths ∙ 2,191 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,191 Sqft ∙ Built 2002
LEASED 12/20/19- Rent
- Rent Per SQFT
- $1,850
- $0.84
-
11217 Bruneau Trl Austin, 3
- 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2017
LEASED 05/04/20- Rent
- Rent Per SQFT
- $1,950
- $0.83
-
2101 Buffalo Tundra Dr Austin, 4
- 4 beds 3 baths ∙ 2,099 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,099 Sqft ∙ Built 2009
LEASED 08/12/20- Rent
- Rent Per SQFT
- $1,995
- $0.95
-
2025 Wayward Sun Dr Austin, 5
- 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 2007
LEASED 08/15/20- Rent
- Rent Per SQFT
- $2,150
- $0.94
PROPERTY LISTING DETAILS
1.512.921.6211
Local Color Realty Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 3051025
Last Updated: 08/26/2020
