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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
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78617
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$72,000
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
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
-
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
1.512.800.5539
Supreme 1 Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 3934981
Last Updated: 09/14/2020
