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1239 Rocky Creek Drive Pflugerville, TX 78660

3 Beds 2 Baths 2,107 sqft Built 1992

$325,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $154.25
  • 3 Days on Market
  • MLS # : 9539105
  • Updated Date : 02/27/2021 at 21:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,107 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Are you looking for a home with an updated, Texas sized shower and extra large primary bedroom? This may be the one! When you enter this home, you see a large living room that full of natural light and is open the the large kitchen and dining room. There are 2 secondary bedrooms that share a charming bathroom. Outside the backyard is large, has a covered porch and a secondary deck...perfect for enjoying dinner or a morning cup of coffee.

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: Katymead

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $116k410k

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

Neighborhood: Katymead

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9942157

* 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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,129
Property Tax -$742
Property Insurance -$146
Property Management Fees -$99
CASH FLOW
-$325

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.

$325,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 8.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$370

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,823

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7903$1,8004$1,850
$1,850
RENT COMPS ANALYSIS
  • 1239 Rocky Creek Drive Pflugerville, TX 2
    • 3 beds 2 baths ∙ 2,107 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,107 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.85
    •  
  • 1105 Fox Sparrow Cove Pflugerville, TX 1
    • 3 beds 3 baths ∙ 2,270 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,270 Sqft ∙ Built 2003
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.77
    •  
  • 700 Applewood Dr Drive #c Pflugerville, TX 3
    • 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2015
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
  • 18205 Mammoth Cave Blvd Pflugerville, TX 4
    • 3 beds 2 baths ∙ 1,971 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,971 Sqft ∙ Built 2004
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
PROPERTY LISTING DETAILS
Amy Smith
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9539105
Last Updated: 02/27/2021
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