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1201 Laurelleaf Drive Pflugerville, TX 78660

3 Beds 2 Baths 1,692 sqft Built 1995

$250,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $147.75
  • 4 Days on Market
  • MLS # : 1062610
  • Updated Date : 02/07/2021 at 06:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,692 sqft
  • Baths : 2 full
Listing Agent

Texas Open Door Realty

Listing Agent's Description

Fabulous red brick one-story home located on a corner lot in the heart of the Heatherwilde community. Features include a split bedroom floor plan, office, family room with gas fireplace, and spacious kitchen with center island and connected dinning area. Enjoy a meticulously maintained yard with raised planter boxes in the front and privacy fence in the back. Only minutes from the Pflugerville hike/bike trails, IH-35, SH130, Round Rock Outlets and the Domain Shopping Center.

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: Heatherwilde

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $111k410k

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

Neighborhood: Heatherwilde

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9202157

* 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
Brookhollow Elementary School Primary Regular 512 39 5
Park Crest Middle School Middle Regular 940 66 7
Pflugerville High School High Regular 2,256 143 7

Brookhollow Elementary School

  • Education Level: Primary
  • # of students: 512
  • # of teachers: 39
5
GreatSchools Rating

Park Crest Middle School

  • Education Level: Middle
  • # of students: 940
  • # of teachers: 66
7
GreatSchools Rating

Pflugerville High School

  • Education Level: High
  • # of students: 2,256
  • # of teachers: 143
7
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$868
Property Tax -$571
Property Insurance -$122
HOA -$22
Property Management Fees -$99
CASH FLOW
-$72

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.

$250,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 9.1%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$5,442

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,612

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5503$1,6104$1,690
$1,690
RENT COMPS ANALYSIS
  • 1201 Laurelleaf Drive Pflugerville, TX 3
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.95
    •  
  • 1507 Blue Willow Court Pflugerville, TX 1
    • 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 1997
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.98
    •  
  • 1604 Wild Orchard Dr Pflugerville, TX 2
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1997
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 1502 Mayapple Street Pflugerville, TX 4
    • 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 1997
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.95
    •  
PROPERTY LISTING DETAILS
Sean Harden
Texas Open Door Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1062610
Last Updated: 02/07/2021
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