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11025 Boundless Valley Drive Austin, TX 78754

4 Beds 3 Baths 2,009 sqft Built 2009

$299,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $149.28
  • 2 Days on Market
  • MLS # : 7434272
  • Updated Date : 02/07/2021 at 01:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,009 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Austin

Listing Agent's Description

This beautiful two-story home is located in close proximity to Samsung, General Motors, and has easy access to major highways. The covered, limestone embellished front porch welcomes you into a sun-filled, open floor-plan with vaulted ceilings, click board wood flooring, and windows galore. You are then led through the formal dining and living room, which connects to an impeccable kitchen, featuring a bonus breakfast bar and dining. Stainless steel appliances, a freestanding gas range, a built-in microwave, a new dishwasher, and newly installed granite countertops make this kitchen shine. Secluded on the main level, the inviting primary suite with new carpet and its sizable walk-in closet, coupled with the en-suite bathroom which features a dual vanity, separate soaking tub and shower, is the perfect retreat after a long day. Separated by a quarter-turn staircase, the upstairs living room can be used as a game room, or as a much-needed home office. Adjacent, a hallway bathroom and 3 bedrooms, with newly installed carpet, offer convenience and plenty of room for your family or guest. Venture outside to lounge in your private backyard or go explore the neighborhood's parks and amenities. This home awaits your personal touch.

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MARKET HIGHLIGHTS

  • 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)
  • #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.

PRICE & RENT TRENDS

Neighborhood: Pioneer Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $125k378k

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

Neighborhood: Pioneer Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8111966

* 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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,042
Property Tax -$590
Property Insurance -$140
HOA -$50
Property Management Fees -$99
CASH FLOW
-$151

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.

$299,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 7.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$3,734

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,858

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7303$1,7704$1,7955$1,895
$1,895
RENT COMPS ANALYSIS
  • 11025 Boundless Valley Drive Austin, TX 3
    • 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.88
    •  
  • 11105 Harvest Time Drive Austin, TX 1
    • 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2006
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.89
    •  
  • 11013 Harvest Time Drive Austin, TX 2
    • 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2005
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.94
    •  
  • 3417 Savage Springs Drive Austin, TX 4
    • 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 2005
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.90
    •  
  • 11013 Silo Valley Drive Austin, TX 5
    • 4 beds 2 baths ∙ 1,961 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,961 Sqft ∙ Built 2005
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.97
    •  
PROPERTY LISTING DETAILS
Kristina Modares
Realty Austin
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7434272
Last Updated: 02/07/2021
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