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10824 Gonzales Ranger Pass Austin, TX 78754

4 Beds 2 Baths 2,040 sqft Built 2019

$329,900

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 13, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • #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

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $106k378k

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

Neighborhood: Northeast Austin

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600170018001900Rent in $7761966

* 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
Pioneer Crossing Elementary School Primary Regular 652 38 5
Decker Middle School Middle Regular 912 54 3
Manor New Technology High School High Regular 385 30 8

Pioneer Crossing Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 38
5
GreatSchools Rating

Decker Middle School

  • Education Level: Middle
  • # of students: 912
  • # of teachers: 54
3
GreatSchools Rating

Manor New Technology High School

  • Education Level: High
  • # of students: 385
  • # of teachers: 30
8
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,424

INVESTMENT

$89,424

Down Payment
$82,475
Rehab Estimate
$2,000
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

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
$1,950
1$1,9502$1,9503$2,0104$2,0905$2,100
$2,100
RENT COMPS ANALYSIS
  • 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
Scott Frowiss
1.512.567.6350
Home Simple Of Texas, Inc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9932053
Last Updated: 12/16/2020
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