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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $159.78
- 3 Days on Market
- MLS # : 2580669
- Updated Date : 03/20/2021 at 15:01
CONSTRUCTION
- Beds : 3
- Floor Size : 2,300 sqft
- Baths : 2 full
Listing Agent
Picket Fence Properties
Listing Agent's Description
Enjoy Lake living! Awesome opportunity in beautiful Timber Lake neighborhood in Kingsland on Lake LBJ. 1 blk walk to neighborhood lake/boat dock! Well-loved 1 story home with great bones ready for your personal touches nestled on over 1/3 acre gorgeous oak-covered greenbelt lot just steps away from the lake. Built in 1993, this all brick ranch style 3-2-2 home offers open living /kitchen space, wonderful wood-burning fireplace, nice built ins, walk-in pantry, huge laundry room , large master suite at rear of home . Fenced backyard borders lovely green space with tons of privacy. No mandatory HOA. Low tax rate.
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: 78639
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78639
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,930 |
| EXPENSES | Loan Payment | -$1,276 |
| Property Tax | -$509 | |
| Property Insurance | -$155 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$110
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$367,500
PROJECTED PRICE
$1,930
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 5.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.00% |
| 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
$103,138
LOAN DETAILS
$1,276
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,875 |
| Loan Amount | $275,625 |
2.33
YEARS SAVED
$6,439
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,001
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
113 Timberlake Drive Kingsland, TX 2
- 3 beds 2 baths ∙ 2,300 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,300 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $1,930
- $0.84
-
750 Texas Avenue Kingsland, TX 1
- 3 beds 2 baths ∙ 2,056 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,056 Sqft ∙ Built 1984
LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,785
- $0.87
PROPERTY LISTING DETAILS
Picket Fence Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 2580669
Last Updated: 03/20/2021
