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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $161.72
- 8 Days on Market
- MLS # : 9932053
- Updated Date : 12/16/2020 at 18:32
CONSTRUCTION
- Beds : 4
- Floor Size : 2,040 sqft
- Baths : 2 full
Listing Agent
Home Simple Of Texas, Inc
Listing Agent's Description
Beautiful 1 story 4 bedroom 2 bath home in desirable Pioneer Crossing. This home features an open concept design, a large kitchen with granite counters, stainless appliances and walk-in pantry, and separate study / office. The master bathroom features a large walk-in shower, plenty of storage and a spacious walk-in closet. Pioneer Crossing is an established community with walking trails, pool and playscape. Conveniently located just minutes from The Domain, downtown Austin, shopping, restaurants and the new Tesla factory that is currently under construction. Easy access to major highways 290, 130 toll, 183 and I35. Don't miss out on this gorgeous home that's perfect for entertaining and spending quality time together. STAINLESS REFRIGERATOR WILL CONVEY TO NEW BUYER.
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: Northeast Austin
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northeast Austin
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,010 |
| EXPENSES | Loan Payment | -$1,217 |
| Property Tax | -$719 | |
| Property Insurance | -$142 | |
| HOA | -$43 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$210
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$329,900
PROJECTED PRICE
$2,010
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 9.4% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.13% |
| 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
$89,424
LOAN DETAILS
$1,217
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,475 |
| Loan Amount | $247,425 |
1.67
YEARS SAVED
$4,390
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,010
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,999
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
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10824 Gonzales Ranger Pass Austin, TX 3
- 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $2,010
- $0.99
-
10920 Gonzales Ranger Pass Austin, TX 1
- 4 beds 2 baths ∙ 1,922 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,922 Sqft ∙ Built 2019
LEASED 12/27/19- Rent
- Rent Per SQFT
- $1,950
- $1.01
-
1812 Alamo Heights Avenue Austin, TX 2
- 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2019
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,950
- $0.95
-
10925 Gonzales Ranger Pass Austin, TX 4
- 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2019
LEASED 06/11/20- Rent
- Rent Per SQFT
- $2,090
- $1.02
-
1701 Seguin Rd Austin, TX 5
- 4 beds 3 baths ∙ 2,231 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,231 Sqft ∙ Built 2019
LEASED 06/08/20- Rent
- Rent Per SQFT
- $2,100
- $0.94
PROPERTY LISTING DETAILS
1.512.567.6350
Home Simple Of Texas, Inc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 9932053
Last Updated: 12/16/2020
