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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northwest Austin
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$148,850
LOAN DETAILS
$1,992
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $135,000 |
| Loan Amount | $405,000 |
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
-
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
1.512.378.0483
Compass Re Texas, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 4290002
Last Updated: 12/10/2020
