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

12112 Scarlet Sleeve Way Del Valle, TX 78617

4 Beds 3 Baths 1,578 sqft Built 2020

$246,590

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $156.27
  • 4 Days on Market
  • MLS # : 5199941
  • Updated Date : 11/13/2020 at 03:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,578 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ctx Listings, Llc

Listing Agent's Description

Pendleton plan. Home backs to community park. Includes blinds on all operable windows, full-yard sod and irrigation system, garage door opener, stainless steel kitchen appliances, washer + dryer & refrigerator also included! Estimated completion May 2021.

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: 78617

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $106k298k

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

Zip Code: 78617

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7761723

* 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
Popham Elementary School Primary Regular 793 50 4
Del Valle Middle School Middle Regular 928 63 4
Del Valle Middle School High Regular 928 63 4

Popham Elementary School

  • Education Level: Primary
  • # of students: 793
  • # of teachers: 50
4
GreatSchools Rating

Del Valle Middle School

  • Education Level: Middle
  • # of students: 928
  • # of teachers: 63
4
GreatSchools Rating

Del Valle Middle School

  • Education Level: High
  • # of students: 928
  • # of teachers: 63
4
GreatSchools Rating
 

$221,931$271,249$246,590

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$910
Property Tax -$492
Property Insurance -$116
HOA -$79
Property Management Fees -$140
CASH FLOW
$13

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$246,590

PROJECTED PRICE

$1,750

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 3.00%
Vacancy 6.13%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,346

INVESTMENT

$67,346

Down Payment
$61,648
Rehab Estimate
$2,000
Closing Costs
$3,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$910

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,648
Loan Amount $184,943
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$12,745

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
  • $1.11

    LIST RENT PER SQFT
  • $1,732

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7503$1,8004$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 12112 Scarlet Sleeve Way Del Valle, TX 2
    • 4 beds 3 baths ∙ 1,578 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,578 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.11
    •  
  • 7511 Ivy Trelis Drive Del Valle, TX 1
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 2020
    property image
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.15
    •  
  • 15500 Amber Dust Cove Del Valle, TX 3
    • 4 beds 3 baths ∙ 1,683 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,683 Sqft ∙ Built 2019
    property image
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.07
    •  
  • 15510 Sweet Mimosa Drive Del Valle, TX 4
    • 4 beds 3 baths ∙ 1,687 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,687 Sqft ∙ Built 2020
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.07
    •  
  • 15513 Amber Dust Cv Del Valle, TX 5
    • 4 beds 3 baths ∙ 1,687 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,687 Sqft ∙ Built 2020
    property image
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.10
    •  
PROPERTY LISTING DETAILS
Matthew Ikard
1.512.666.9661
Ctx Listings, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5199941
Last Updated: 11/13/2020
BESbswy