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11126 Seay Street Austin, TX 78754

4 Beds 2 Baths 2,514 sqft Built 1996

$315,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $125.30
  • 4 Days on Market
  • MLS # : 4712460
  • Updated Date : 02/12/2021 at 20:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,514 sqft
  • Baths : 2 full
Listing Agent

Realty Austin

Listing Agent's Description

PRE INSPECTED! Charming 1 story home in Harris Branch. Located on a double cul-de-sac st. This home has an extremely open floor plan. Primary bedroom is a home owners dream......bedroom, bathroom and closet are all HUGE. Bathroom has separate his and hers vanities. Closet has seasonal racks. The floor plan is amazing. The 3 secondary rooms are separate from the master. SS dishwasher scheduled to be installed on Monday. Fresh paint inside and out (Jan 2021).

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: Harris Branch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $126k378k

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

Neighborhood: Harris Branch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8151966

* 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
Bluebonnet Trail Elementary School Primary Regular 496 29 5
Decker Middle School Middle Regular 912 54 3
Manor New Technology High School High Regular 385 30 8

Bluebonnet Trail Elementary School

  • Education Level: Primary
  • # of students: 496
  • # of teachers: 29
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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,094
Property Tax -$619
Property Insurance -$169
HOA -$41
Property Management Fees -$99
CASH FLOW
$8

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.

$315,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 9.0%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$13,396

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,049

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,9903$2,0004$2,0305$2,175
$2,175
RENT COMPS ANALYSIS
  • 11126 Seay Street Austin, TX 4
    • 4 beds 2 baths ∙ 2,514 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,514 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.81
    •  
  • 7129 Mumruffin Lane Austin, TX 1
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 1995
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.79
    •  
  • 11316 Drumellan St Austin, TX 2
    • 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2011 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2011
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.78
    •  
  • 11513 Glen Falloch Court Austin, TX 3
    • 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 1999
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.83
    •  
  • 10905 Roderick Lawson Lane Austin, TX 5
    • 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2013
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.86
    •  
PROPERTY LISTING DETAILS
Heather Greenberg
Realty Austin
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 4712460
Last Updated: 02/12/2021
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