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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $130.65
- 2 Days on Market
- MLS # : 1428646
- Updated Date : 12/20/2020 at 02:14
CONSTRUCTION
- Beds : 4
- Floor Size : 2,196 sqft
- Baths : 3 full
Listing Agent
Listingspark
Listing Agent's Description
FANTASTIC opportunity to own in desirable Benbrook Ranch! Beautiful 1 down 3 up with THREE FULL BATHS. 100% waterproof flooring throughout, so no worries about accidents by the kids or fur babies. Brand new wood-look ceramic downstairs and wood-look LVP upstairs - complemented by fresh interior paint. Out back the kids will love the wood "fort" built around the large back yard shade tree and you'll love to entertain on the extended deck and patio! Be close to EVERYTHING including Cap Metro in Hot Leander.
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
Zip Code: 78641
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78641
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,830 |
| EXPENSES | Loan Payment | -$1,059 |
| Property Tax | -$664 | |
| Property Insurance | -$151 | |
| HOA | -$35 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$177
|
||
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.
$286,900
PROJECTED PRICE
$1,830
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 6.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.72% |
| 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
$81,779
LOAN DETAILS
$1,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,725 |
| Loan Amount | $215,175 |
1.5
YEARS SAVED
$3,063
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,830
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,015
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
1101 Whitley Drive Leander, TX 2
- 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,830
- $0.83
-
913 Rancho Viejo Leander, TX 1
- 4 beds 3 baths ∙ 2,005 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,005 Sqft ∙ Built 2003
LEASED 05/06/20- Rent
- Rent Per SQFT
- $1,750
- $0.87
-
1007 Middle Brook Drive Leander, TX 3
- 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 2004
LEASED 06/18/20- Rent
- Rent Per SQFT
- $1,950
- $0.86
-
1025 Coulee Drive Leander, TX 4
- 4 beds 2 baths ∙ 2,264 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,264 Sqft ∙ Built 2020
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,100
- $0.93
-
1009 Coulee Leander, TX 5
- 4 beds 2 baths ∙ 2,264 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,264 Sqft ∙ Built 2020
LEASED 09/24/20- Rent
- Rent Per SQFT
- $2,285
- $1.01
PROPERTY LISTING DETAILS
1.512.827.2252
Listingspark
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1428646
Last Updated: 12/20/2020
