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1202 Hughmont Dr 
Pflugerville, TX
78660
3 Beds 3 Baths 2,313 sqft
Built 2000
INVESTimate
$259,900
List Price
$74,624
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SCHEDULE APPOINTMENT
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PROPERTY INFO
FACTS
- Built In 2000
- Price/Sqft : $112.36
- 2 Days on Market
- MLS # : 3558889
- Updated Date : 08/25/2020 at 19:27
CONSTRUCTION
- Beds : 3
- Floor Size : 2,313 sqft
- Baths : 2 full , 1 half
Listing Agent
Luxon Realty Services
Listing Agent's Description
Move-In Ready! Fresh interior/exterior paint. NEW: carpet, granite counters, vent hood, under-mount sink and hardware. Gigantic walk-in pantry/utility room off kitchen. Generous master with seated vanity. Gleaming hardwoods. Bonus family/game room upstairs. Spacious private backyard, drought resistant xeriscaped front yard. Ample bedrooms and storage. Community clubhouse, pool, park & sports courts just around the corner. Fantastic find in Pflugerville!
SEE MORE
- 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: Heatherwilde
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Heatherwilde
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$593 | |
| Property Insurance | -$157 | |
| HOA | -$22 | |
| Property Management Fees | -$140 | |
|
CASH FLOW
-$121
|
||
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.
$259,900
PROJECTED PRICE
$1,750
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 9.08% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.80% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$74,624
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,975 |
| Loan Amount | $194,925 |
1.58
YEARS SAVED
$2,998
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,827
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
1202 Hughmont Dr Pflugerville, 5
- 3 beds 3 baths ∙ 2,313 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,313 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,750
- $0.76
-
1609 Passion Vine Cv Pflugerville, 1
- 4 beds 2 baths ∙ 2,202 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,202 Sqft ∙ Built 2002
LEASED 08/31/19- Rent
- Rent Per SQFT
- $1,698
- $0.77
-
17013 Ardisia Dr Pflugerville, 2
- 4 beds 3 baths ∙ 2,173 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,173 Sqft ∙ Built 1991
LEASED 12/20/19- Rent
- Rent Per SQFT
- $1,750
- $0.81
-
1500 Gardena Canyon Dr Pflugerville, 3
- 3 beds 2 baths ∙ 2,209 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,209 Sqft ∙ Built 2001
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,750
- $0.79
-
1506 Amarylis Dr Pflugerville, 4
- 3 beds 2 baths ∙ 2,209 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,209 Sqft ∙ Built 2001
LEASED 09/30/19- Rent
- Rent Per SQFT
- $1,750
- $0.79
PROPERTY LISTING DETAILS
1.512.203.7663
Luxon Realty Services
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 3558889
Last Updated: 08/25/2020
