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11407 Bristle Oak Trail Austin, TX 78750

3 Beds 2 Baths 1,450 sqft Built 1981

$350,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $241.38
  • 3 Days on Market
  • MLS # : 8862210
  • Updated Date : 01/29/2021 at 23:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,450 sqft
  • Baths : 2 full
Listing Agent

Marathon Real Estate - Tausha

Listing Agent's Description

Lovely home nestled in the heart of Northwest Austin. Desirable location - close to parks, elementary schools, main roads, dining, and retail! The open concept floor plan allows each room to flow seamlessly into the inviting living room and dining area. Entertain in the formal dining room or relax in one of the main floor gathering room with wood-like flooring. The well equipped Kitchen boasts lots of cabinet space, pantry, gas cooking & more! Placid master bedroom with vast walk-in closet. Primary bathroom complete with double sinks & large walk-in shower. Relax and enjoy the iconic Central Texas scenery with covered patio shaded by the mature oak trees.

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: Village at Anderson Mill

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $117k378k

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

Neighborhood: Village at Anderson Mill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9371966

* 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
Purple Sage Elementary School Primary Regular 320 25 7
Grisham Middle School Middle Regular 658 49 7
Westwood High School High Regular 2,731 167 8

Purple Sage Elementary School

  • Education Level: Primary
  • # of students: 320
  • # of teachers: 25
7
GreatSchools Rating

Grisham Middle School

  • Education Level: Middle
  • # of students: 658
  • # of teachers: 49
7
GreatSchools Rating

Westwood High School

  • Education Level: High
  • # of students: 2,731
  • # of teachers: 167
8
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,216
Property Tax -$695
Property Insurance -$109
Property Management Fees -$99
CASH FLOW
-$389

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.

$350,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$231

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $1,733

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,6954$1,7305$1,750
$1,750
RENT COMPS ANALYSIS
  • 11407 Bristle Oak Trail Austin, TX 4
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.19
    •  
  • 11313 Prairie Dog Trail Austin, TX 1
    • 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 1981
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.20
    •  
  • 12010 Stout Oak Trail Austin, TX 2
    • 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1980
    property image
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.21
    •  
  • 11401 Bristle Oak Trail Austin, TX 3
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1981
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.18
    •  
  • 11205 Jack Rabbit Trail Austin, TX 5
    • 3 beds 2 baths ∙ 1,474 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,474 Sqft ∙ Built 1981
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.19
    •  
PROPERTY LISTING DETAILS
Tausha Carlson
1.512.653.1966
Marathon Real Estate - Tausha
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8862210
Last Updated: 01/29/2021
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