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

11201 Zimmerman Lane Austin, TX 78726

4 Beds 3 Baths 2,504 sqft Built 2014

$540,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $215.65
  • 5 Days on Market
  • MLS # : 4290002
  • Updated Date : 12/10/2020 at 19:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,504 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Rare opportunity to own a gorgeous Scott Felder built home on an oversized lot backing to greenspace with no HOA! Set in an ideal location off of 620, it’s only minutes from Lake Travis, major employers, and restaurants/shopping. This modern open floor plan features 4 bedrooms + office/study, 2.5 baths, 2 car garage & 2 living areas. Recent upgrades in the master bath include an oversized shower with spa tower that has multiple jets and a bidet with heated water and dryer. The kitchen has granite counters, upgraded cabinets and all new appliances (refrigerator conveys). Downstairs you will find a large office/study that is great flex space for your needs. A 2nd floor balcony will be found off the spacious gameroom upstairs. The huge back yard offers beautiful shade trees, a large grassy area with room for a pool, wood deck, pergola covered stone patio and a gate at the rear of the lot provides access to the greenspace behind the house. Highly coveted Leander ISD schools. Welcome home to 11201 Zimmerman!

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: Northwest Austin

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $136k410k

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

Neighborhood: Northwest Austin

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9972336

* 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
River Place Elementary School Primary Regular 800 50 8
Four Points Middle School Middle Regular 678 43 9
Vandegrift High School High Regular 2,062 124 8

River Place Elementary School

  • Education Level: Primary
  • # of students: 800
  • # of teachers: 50
8
GreatSchools Rating

Four Points Middle School

  • Education Level: Middle
  • # of students: 678
  • # of teachers: 43
9
GreatSchools Rating

Vandegrift High School

  • Education Level: High
  • # of students: 2,062
  • # of teachers: 124
8
GreatSchools Rating
 

$486,000$594,000$540,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$1,992
Property Tax -$1,062
Property Insurance -$168
Property Management Fees -$99
CASH FLOW
-$601

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.

$540,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$692

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,717

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,7203$2,8004$2,8755$3,195
$3,195
RENT COMPS ANALYSIS
  • 11201 Zimmerman Lane Austin, TX 2
    • 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $1.09
    •  
  • 12124 Terraza Circle #20 Austin, TX 1
    • 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 2012
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.02
    •  
  • 7205 Puzzle Path Austin, TX 3
    • 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 2014
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.09
    •  
  • 12024 Versante Cir Austin, TX 4
    • 4 beds 4 baths ∙ 2,613 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,613 Sqft ∙ Built 2014
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $1.10
    •  
  • 10915 Hidden Caves Way Austin, TX 5
    • 4 beds 3 baths ∙ 2,827 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,827 Sqft ∙ Built 2014
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.13
    •  
PROPERTY LISTING DETAILS
Carly Gonzalez
1.512.378.0483
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 4290002
Last Updated: 12/10/2020
BESbswy