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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $155.35
- 2 Days on Market
- MLS # : 9579110
- Updated Date : 02/06/2021 at 18:43
CONSTRUCTION
- Beds : 4
- Floor Size : 1,738 sqft
- Baths : 2 full
Listing Agent
Pure Realty
Listing Agent's Description
Adorable 3-4 bedroom home 4th bedroom has a door leading into the Primary Bedroom so makes a great office or bedroom. Yard extends out to the back of the shed behind the fence line. Great location, easy access to 130 Toll, 45 Toll Hwy 79 HEB, Costco, Hutto's catch and release lake and Stonehill shopping center
SEE MORE
- 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
Zip Code: 78634
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78634
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$938 |
| Property Tax | -$637 | |
| Property Insurance | -$125 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$115
|
||
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.
$270,000
PROJECTED PRICE
$1,700
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 6.4% |
| 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
$77,300
LOAN DETAILS
$938
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
2.08
YEARS SAVED
$3,918
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,734
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
113 Little Lake Road Hutto, TX 4
- 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,700
- $0.98
-
21316 Byerly Turk Dr Pflugerville, TX 1
- 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2000
LEASED 08/06/20- Rent
- Rent Per SQFT
- $1,595
- $0.94
-
201 Little Lake Road Hutto, TX 2
- 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2000
LEASED 03/25/20- Rent
- Rent Per SQFT
- $1,650
- $1.03
-
21320 Byerly Turk Drive Pflugerville, TX 3
- 4 beds 3 baths ∙ 1,704 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,704 Sqft ∙ Built 2000
LEASED 10/10/20- Rent
- Rent Per SQFT
- $1,695
- $0.99
PROPERTY LISTING DETAILS
Pure Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 9579110
Last Updated: 02/06/2021
