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124 Rock Cliff Ct 
Austin, TX
78737
4 Beds 3 Baths 2,584 sqft
Built 2013
INVESTimate
$420,000
List Price
$117,050
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PROPERTY INFO
FACTS
- Built In 2013
- Price/Sqft : $162.54
- 2 Days on Market
- MLS # : 2873999
- Updated Date : 08/25/2020 at 14:04
CONSTRUCTION
- Beds : 4
- Floor Size : 2,584 sqft
- Baths : 2 full , 1 half
Listing Agent
Compass Re Texas, Llc
Listing Agent's Description
Enjoy the Hill Country lifestyle in this fabulous Single Story home, situated on a cul-de-sac AND backing to a greenbelt. The dedicated home office is a must have these days. And the spacious formal dining area is ideal for entertaining or online school! The master bedroom enjoys extra space with bay windows that offer peaceful views. His and hers walk-in closets compliment the well-appointed master bath with dual vanities, a garden tub and a separate shower. Close to shopping and dining. Exemplary DSISD!
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
Zip Code: 78737
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78737
* 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 | $2,670 |
| EXPENSES | Loan Payment | -$1,550 |
| Property Tax | -$1,019 | |
| Property Insurance | -$172 | |
| HOA | -$48 | |
| Property Management Fees | -$214 | |
|
CASH FLOW
-$332
|
||
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.
$420,000
PROJECTED PRICE
$2,670
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 5.59% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.80% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$117,050
LOAN DETAILS
$1,550
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $105,000 |
| Loan Amount | $315,000 |
0.67
YEARS SAVED
$1,193
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,670
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$2,674
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
124 Rock Cliff Ct Austin, 4
- 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2013
- Rent
- Rent Per SQFT
- $2,670
- $1.03
-
444 Stone View Trl Austin, 1
- 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 2012
LEASED 05/25/20- Rent
- Rent Per SQFT
- $2,345
- $0.98
-
11509 Oak Branch Dr Austin, 2
- 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 1984
LEASED 12/20/19- Rent
- Rent Per SQFT
- $2,600
- $1.06
-
127 Stone View Trl Austin, 3
- 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 2013
LEASED 08/07/20- Rent
- Rent Per SQFT
- $2,650
- $1.09
-
238 Stone View Trl Austin, 5
- 4 beds 2 baths ∙ 2,667 Sqft ∙ Built 2011 4 beds 2 baths ∙ 2,667 Sqft ∙ Built 2011
LEASED 05/29/20- Rent
- Rent Per SQFT
- $2,700
- $1.01
PROPERTY LISTING DETAILS
1.512.785.0230
Compass Re Texas, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 2873999
Last Updated: 08/25/2020
