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11307 Robert Wooding Drive Austin, TX 78748

4 Beds 3 Baths 1,718 sqft Built 2004

$315,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $183.35
  • 5 Days on Market
  • MLS # : 7362936
  • Updated Date : 01/22/2021 at 18:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,718 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful Renovated Home is Move in Ready. Open and Inviting Floorplan with Recent Tile Flooring on the Main Level and Recent Carpet in Master Bedroom and on Second Level. Master Bedroom is on Main Level with Walk in Closet and Bathroom with Double Vanity, Garden Tub and Separate Shower. Large Open Family Room with a Half Bathroom on Main Level. Spacious Upstairs Living Room/Loft with 3 Nice Sized Bedrooms and a Full Bathroom. Spacious Backyard with Large Patio. Recent Renovations Include Interior/Exterior Paint, Tile Flooring and Carpet Throughout, Numerous Ceiling Fans, Dishwasher, Landscaping and Wood Privacy Fence. Mature Trees in the Front Yard. Nice Home in Great Area!

SEE MORE

MARKET HIGHLIGHTS

  • 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

Neighborhood: Chappell Hill

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $86k378k

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

Neighborhood: Chappell Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600170018001900Rent in $7761966

* 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
Menchaca Elementary School Primary Regular 717 47 5
Paredes Middle School Middle Regular 1,032 69 4
Akins High School High Regular 2,667 155 4

Menchaca Elementary School

  • Education Level: Primary
  • # of students: 717
  • # of teachers: 47
5
GreatSchools Rating

Paredes Middle School

  • Education Level: Middle
  • # of students: 1,032
  • # of teachers: 69
4
GreatSchools Rating

Akins High School

  • Education Level: High
  • # of students: 2,667
  • # of teachers: 155
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,094
Property Tax -$619
Property Insurance -$124
HOA -$4
Property Management Fees -$99
CASH FLOW
-$140

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.

$315,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 9.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.13%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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 65% 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

2.42

YEARS SAVED

$6,039

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,911

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7953$1,8004$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 11307 Robert Wooding Drive Austin, TX 3
    • 4 beds 3 baths ∙ 1,718 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,718 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.05
    •  
  • 1309 Sir Thopas Trl Austin, TX 1
    • 4 beds 3 baths ∙ 1,590 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,590 Sqft ∙ Built 2000
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.04
    •  
  • 1328 Sir Thopas Trl Austin, TX 2
    • 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 2000
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.18
    •  
  • 1305 Summoners Tale Court Austin, TX 4
    • 3 beds 3 baths ∙ 1,654 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,654 Sqft ∙ Built 1999
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.12
    •  
  • 1124 Canon Yeomans Trail Austin, TX 5
    • 3 beds 3 baths ∙ 1,718 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,718 Sqft ∙ Built 2000
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.11
    •  
PROPERTY LISTING DETAILS
Gaynell Royder
1.512.413.2904
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7362936
Last Updated: 01/22/2021
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