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11512 Emerald Falls Drive Austin, TX 78738

4 Beds 3 Baths 2,608 sqft Built 2000

$540,000

List Price

$2,900

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $207.06
  • 113 Days on Market
  • MLS # : 9524408
  • Updated Date : 12/24/2020 at 02:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,608 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fuse Realty, Llc

Listing Agent's Description

Bright and open floorplan in Lake Pointe Sub, 4 bedrooms and loft upstairs, fireplace in family room, formal dining and study. Lovely balcony/deck area off master suite. Covered deck leads to large backyard with plenty of trees and room for landscaping. Minutes to lake,shopping and dining at Hill Country Galleria, parks, community pool and playground.Restrictions: Yes

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: Lake Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $136k768k

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

Neighborhood: Lake Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000320034003600Rent in $9973714

* 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
Lake Pointe Elementary School Primary Regular 676 42 10
Lake Travis Middle School Middle Regular 1,066 64 10
Lake Travis High School High Regular 2,561 141 8

Lake Pointe Elementary School

  • Education Level: Primary
  • # of students: 676
  • # of teachers: 42
10
GreatSchools Rating

Lake Travis Middle School

  • Education Level: Middle
  • # of students: 1,066
  • # of teachers: 64
10
GreatSchools Rating

Lake Travis High School

  • Education Level: High
  • # of students: 2,561
  • # of teachers: 141
8
GreatSchools Rating
 

$486,000$594,000$540,000

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$1,992
Property Tax -$1,078
Property Insurance -$174
HOA -$42
Property Management Fees -$99
CASH FLOW
-$485

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

$2,900

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.15%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,337

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,900

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $3,214

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,9003$2,9004$3,2505$4,000
$4,000
RENT COMPS ANALYSIS
  • 11512 Emerald Falls Dr Austin, TX 3
    • 4 beds 3 baths ∙ 2,608 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,608 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.11
    •  
  • 3025 Norco Dr Austin, TX 1
    • 4 beds 2 baths ∙ 2,417 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,417 Sqft ∙ Built 1996
    property image
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.12
    •  
  • 3221 Tehama Ct Austin, TX 2
    • 4 beds 3 baths ∙ 2,636 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,636 Sqft ∙ Built 1996
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.10
    •  
  • 2313 Rimrock Dr Austin, TX 4
    • 4 beds 2 baths ∙ 2,603 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,603 Sqft ∙ Built 1999
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.25
    •  
  • 2418 Chloes Bloom Bnd Austin, TX 5
    • 4 beds 3 baths ∙ 2,734 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,734 Sqft ∙ Built 2018
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.46
    •  
PROPERTY LISTING DETAILS
Anthony Delacruz
1.512.217.7825
Fuse Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9524408
Last Updated: 12/24/2020
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