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109 Jude Circle Leander, TX 78641

4 Beds 2 Baths 1,728 sqft Built 2019

$300,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $173.61
  • 5 Days on Market
  • MLS # : 1701739
  • Updated Date : 11/06/2020 at 16:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,728 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Gorgeous, turn-key home ideally situated in Larkspur just minutes from 183. Home features upgraded light fixtures, ceiling fans and bathroom mirrors, spacious bedrooms, and beautiful tile throughout all main areas. After you enter through the foyer, you are greeted with a cozy corner that makes for the perfect mudroom/utility area. All rooms feature a splash of paint color, immediately capturing yet calming you. Flexible front fourth bedroom functions great as a study or at-home office. Step out back to your very own retreat and enjoy the sun set behind the red oak trees from the covered flagstone patio.

SEE MORE

MARKET HIGHLIGHTS

  • 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

Zip Code: 78641

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $126k300k

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

Zip Code: 78641

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9371765

* 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
Plain Elementary School Primary Regular 850 55 5
Wiley Middle School Middle Regular 967 63 8
Rouse High School High Regular 2,336 140 7

Plain Elementary School

  • Education Level: Primary
  • # of students: 850
  • # of teachers: 55
5
GreatSchools Rating

Wiley Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 63
8
GreatSchools Rating

Rouse High School

  • Education Level: High
  • # of students: 2,336
  • # of teachers: 140
7
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,107
Property Tax -$727
Property Insurance -$124
HOA -$60
Property Management Fees -$158
CASH FLOW
-$206

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$300,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 3.00%
Vacancy 6.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,500

INVESTMENT

$81,500

Down Payment
$75,000
Rehab Estimate
$2,000
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,350

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,970

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,927

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7493$1,8004$1,8005$1,970
$1,970
RENT COMPS ANALYSIS
  • 109 Jude Circle Leander, TX 5
    • 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $1.14
    •  
  • 532 Merlin Lane Leander, TX 1
    • 4 beds 2 baths ∙ 1,553 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,553 Sqft ∙ Built 2018
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.09
    •  
  • 128 Nogalito Way Leander, TX 2
    • 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 2020
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $1.10
    •  
  • 148 Shearwater Ln Leander, TX 3
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2018
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.14
    •  
  • 148 Nogalito Way Leander, TX 4
    • 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 2020
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.13
    •  
PROPERTY LISTING DETAILS
Jaymes Willoughby
1.512.347.9599
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1701739
Last Updated: 11/06/2020
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