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121 Arrowhead Vine Street Leander, TX 78641

4 Beds 3 Baths 2,293 sqft Built 2020

$315,990

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $137.81
  • 4 Days on Market
  • MLS # : 8740692
  • Updated Date : 11/05/2020 at 19:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,293 sqft
  • Baths : 3 full
Listing Agent

D.r. Horton, America's Builder

Listing Agent's Description

UNDER CONSTRUCTION - EST. COMPLETION IN MARCH 2021. New Naples II plan with two bedrooms and two baths on the main level and two bedrooms and a full bath upstairs. Open living area and an upstairs gameroom. Fully landscaped yard with irrigation.

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

Zip Code: 78641

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $126k300k

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

Zip Code: 78641

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9371765

* 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
Plain Elementary School Primary Regular 850 55 5
Wiley Middle School Middle Regular 967 63 8
Glenn High School High Unknown NA

Plain Elementary School

  • Education Level: Primary
  • # of students: 850
  • # of teachers: 55
5
GreatSchools Rating

Wiley Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 63
8
GreatSchools Rating

Glenn High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$284,391$347,589$315,990

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,166
Property Tax -$766
Property Insurance -$156
HOA -$60
Property Management Fees -$165
CASH FLOW
-$253

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$315,990

PROJECTED PRICE

$2,060

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 3.00%
Vacancy 6.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,737

INVESTMENT

$85,737

Down Payment
$78,998
Rehab Estimate
$2,000
Closing Costs
$4,740

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,166

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,998
Loan Amount $236,993
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$704

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,064

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,0603$2,1254$2,1505$2,223
$2,223
RENT COMPS ANALYSIS
  • 121 Arrowhead Vine Street Leander, TX 2
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.90
    •  
  • 133 Shearwater Lane Leander, TX 1
    • 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 2018
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.88
    •  
  • 105 High Plains Pass Liberty Hill, TX 3
    • 4 beds 4 baths ∙ 2,384 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,384 Sqft ∙ Built 2020
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.89
    •  
  • 101 White Sage Ln Liberty Hill, TX 4
    • 4 beds 3 baths ∙ 2,429 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,429 Sqft ∙ Built 2019
    property image
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.89
    •  
  • 112 High Plains Pass Liberty Hill, TX 5
    • 4 beds 4 baths ∙ 2,363 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,363 Sqft ∙ Built 2020
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,223
    • $0.94
    •  
PROPERTY LISTING DETAILS
Dave Clinton
1.512.270.6196
D.r. Horton, America's Builder
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8740692
Last Updated: 11/05/2020
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