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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $131.37
- 3 Days on Market
- MLS # : 7286949
- Updated Date : 02/20/2021 at 16:37
CONSTRUCTION
- Beds : 3
- Floor Size : 2,276 sqft
- Baths : 2 full , 1 half
Listing Agent
Homes With Hall Realty
Listing Agent's Description
Must be with your real estate agent to view this home in the Heart of Manor!
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: 78653
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78653
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,920 |
| EXPENSES | Loan Payment | -$1,039 |
| Property Tax | -$773 | |
| Property Insurance | -$155 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$145
|
||
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.
$299,000
PROJECTED PRICE
$1,920
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 5.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.13% |
| 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
$84,985
LOAN DETAILS
$1,039
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,750 |
| Loan Amount | $224,250 |
1.92
YEARS SAVED
$3,921
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,920
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,946
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
11728 Pecangate Way Manor, TX 3
- 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $1,920
- $0.84
-
14020 Kira Lane Manor, TX 1
- 3 beds 3 baths ∙ 2,221 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,221 Sqft ∙ Built 2018
LEASED 07/28/20- Rent
- Rent Per SQFT
- $1,850
- $0.83
-
11805 Amber Stream Lane Manor, TX 2
- 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 2020
LEASED 09/20/20- Rent
- Rent Per SQFT
- $1,900
- $0.81
-
11609 Amber Stream Lane Manor, TX 4
- 4 beds 3 baths ∙ 2,086 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,086 Sqft ∙ Built 2019
LEASED 02/01/21- Rent
- Rent Per SQFT
- $1,975
- $0.95
PROPERTY LISTING DETAILS
Homes With Hall Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 7286949
Last Updated: 02/20/2021
