Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10912 Colonel Winn Loop Austin, TX 78748

3 Beds 2 Baths 1,540 sqft Built 2001

$328,900

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $213.57
  • 5 Days on Market
  • MLS # : 4015713
  • Updated Date : 11/01/2020 at 16:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,540 sqft
  • Baths : 2 full
Listing Agent

Listingspark

Listing Agent's Description

Pref title: K Clampitt / TX National Title. For quickest response to all inquiries, email Admin@ListingSpark.com. Send offers to Offers@ListingSpark.com and include other required documents (see attachments).

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

Neighborhood: Stablewood at Slaughter Creek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $126k378k

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

Neighborhood: Stablewood at Slaughter Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9372087

* 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
Menchaca Elementary School Primary Regular 717 47 5
Paredes Middle School Middle Regular 1,032 69 4
Akins High School High Regular 2,667 155 4

Menchaca Elementary School

  • Education Level: Primary
  • # of students: 717
  • # of teachers: 47
5
GreatSchools Rating

Paredes Middle School

  • Education Level: Middle
  • # of students: 1,032
  • # of teachers: 69
4
GreatSchools Rating

Akins High School

  • Education Level: High
  • # of students: 2,667
  • # of teachers: 155
4
GreatSchools Rating
 

$296,010$361,790$328,900

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,214
Property Tax -$647
Property Insurance -$114
HOA -$25
Property Management Fees -$147
CASH FLOW
-$306

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.

$328,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$92,909

INVESTMENT

$92,909

Down Payment
$82,225
Rehab Estimate
$5,750
Closing Costs
$4,934

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,225
Loan Amount $246,675
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$558

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $1,867

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,6953$1,8404$1,9005$1,900
$1,900
RENT COMPS ANALYSIS
  • 10912 Colonel Winn Loop Austin, TX 3
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $1.19
    •  
  • 11317 Autumn Ash Dr Manchaca, TX 1
    • 3 beds 2 baths ∙ 1,429 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,429 Sqft ∙ Built 2008
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.17
    •  
  • 11305 Autumn Ash Dr Manchaca, TX 2
    • 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 2008
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.26
    •  
  • 409 Anacua Loop Manchaca, TX 4
    • 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 2015
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.19
    •  
  • 10904 Mint Julep Drive Austin, TX 5
    • 4 beds 2 baths ∙ 1,540 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,540 Sqft ∙ Built 2001
    property image
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.23
    •  
PROPERTY LISTING DETAILS
Aaron Jistel
1.512.827.2252
Listingspark
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 4015713
Last Updated: 11/01/2020
BESbswy