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

120 Acapulco Drive Lakeway, TX 78734

4 Beds 3 Baths 2,621 sqft Built 1983

$500,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $190.77
  • 24 Days on Market
  • MLS # : 6232387
  • Updated Date : 11/13/2020 at 17:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,621 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams - Lake Travis

Listing Agent's Description

Nestled in old Lakeway, this beautifully updated two-story home with a pool is an entertainer's delight! You'll love the free-flowing open layout with tons of natural light, high ceilings, hardwood floors, upper/main floor with generously-sized living and dining areas, and remodeled kitchen with stainless steel appliances and breakfast bar. Sliding doors on either side of the fireplace separate main rooms from the additional living room (possible 4th bedroom) and tucked away study. The stunning master suite with dual vanities, soaker tub, over-sized shower and French doors leading out to the pool, is truly an owner's retreat! 1st and 2nd floor entrances. The refreshing private backyard oasis with two balconies, stone-surround pool with waterfall, greenery and privacy behind home, will without a doubt be the spot for future entertaining. Abundant storage and extra workspace in the two-car attached garage. Close proximity to Lakeway City Park, marinas, paddle boarding, dog park and hiking trails. Take the 3D virtual walkthrough: https://bit.ly/120AcapulcoDr3D

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: Lakeway

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $136k540k

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

Neighborhood: Lakeway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9972987

* 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
Serene Hills Elementary School Primary Regular 762 46 10
Hudson Bend Middle School Middle Regular 1,029 65 9
Lake Travis High School High Regular 2,561 141 8

Serene Hills Elementary School

  • Education Level: Primary
  • # of students: 762
  • # of teachers: 46
10
GreatSchools Rating

Hudson Bend Middle School

  • Education Level: Middle
  • # of students: 1,029
  • # of teachers: 65
9
GreatSchools Rating

Lake Travis High School

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

$450,000$550,000$500,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$1,845
Property Tax -$979
Property Insurance -$175
Property Management Fees -$214
CASH FLOW
-$542

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.

$500,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 4.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.80%
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

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$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$317

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $3,021

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$2,670
1$2,6702$2,9003$2,9954$3,200
$3,200
RENT COMPS ANALYSIS
  • 120 Acapulco Drive Lakeway, TX 1
    • 3 beds 3 baths ∙ 2,621 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,621 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $1.02
    •  
  • 603 Cutty Trail Lakeway, TX 2
    • 4 beds 4 baths ∙ 2,580 Sqft ∙ Built 1998 4 beds 4 baths ∙ 2,580 Sqft ∙ Built 1998
    property image
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.12
    •  
  • 620 Robin Dale Dr Lakeway, TX 3
    • 3 beds 3 baths ∙ 2,612 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,612 Sqft ∙ Built 2000
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.15
    •  
  • 102 Thackery Court Lakeway, TX 4
    • 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 1999
    property image
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.19
    •  
PROPERTY LISTING DETAILS
Gene Arant
1.512.261.1000
Keller Williams - Lake Travis
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6232387
Last Updated: 11/13/2020
BESbswy