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12405 Stoney Ridge Bend Del Valle, TX 78617

3 Beds 2 Baths 1,536 sqft Built 2015

$250,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $162.76
  • 121 Days on Market
  • MLS # : 3934981
  • Updated Date : 09/14/2020 at 11:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,536 sqft
  • Baths : 2 full
Listing Agent

Supreme 1 Realty

Listing Agent's Description

Do you keep missing out on homes? Well no worries, the home that was truly meant to be yours is here. Your home has everything you have been searching for, Open floor plan, Flex space, whether you need an at home office, school room, or just a second living area, this home provides all options. Your open airy kitchen boast beautiful black appliances, a breakfast bar for your early morning eats. Definitely a must see home that you will not want to miss.Restrictions: Yes

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$868
Property Tax -$657
Property Insurance -$114
HOA -$14
Property Management Fees -$99
CASH FLOW
-$92

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$250,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.66%

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) 8.00%
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

PROJECTED ANNUAL CASH FLOW

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

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$4,684

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,667

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6003$1,6604$1,7505$1,850
$1,850
RENT COMPS ANALYSIS
  • 12405 Stoney Ridge Bnd Del Valle, TX 3
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $1.08
    •  
  • 6804 Plains Crest Dr Del Valle, TX 1
    • 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 2013
    LEASED 01/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.11
    •  
  • 12613 Stoney Ridge Bnd Del Valle, TX 2
    • 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 2017
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
  • 6608 Moores Ferry Dr Del Valle, TX 4
    • 4 beds 2 baths ∙ 1,695 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,695 Sqft ∙ Built 2015
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
  • 6617 Moores Ferry Dr Del Valle, TX 5
    • 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 2016
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.18
    •  
PROPERTY LISTING DETAILS
Aj Abrams
1.512.800.5539
Supreme 1 Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3934981
Last Updated: 09/14/2020
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