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12720 Oxen Way Austin, TX 78732

4 Beds 3 Baths 2,667 sqft Built 1998

$475,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $178.10
  • 2 Days on Market
  • MLS # : 5435983
  • Updated Date : 11/15/2020 at 03:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,667 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Spacious 4 bedroom, 2.5 bath home on a captivating .30 acre lot in The Headlands in Steiner Ranch. Inviting family room with high ceilings, wall of windows and fireplace overlook the covered patio and expansive backyard. This comfortable, well designed home features wood floors in the main living areas, large downstairs primary suite, an office, kitchen with Corian counters and center island, and a three car garage. The irrigated backyard has been extensively landscaped and meticulously cared for. It is a gardeners dream with raised beds for flowers and veggies, an orchard with fig, peach, pear, pecan, clementine, grapefruit, grape and blackberry vine, and a strand of live oaks for shade. Truly an outdoor oasis complete with roses and crape myrtles. This well maintained home is within walking distance to neighborhood park and pool.

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: Steiner Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $136k568k

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

Neighborhood: Steiner Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000Rent in $9973142

* 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
Steiner Ranch Elementary School Primary Regular 655 40 10
Canyon Ridge Middle School Middle Regular 1,270 70 10
Vandegrift High School High Regular 2,062 124 8

Steiner Ranch Elementary School

  • Education Level: Primary
  • # of students: 655
  • # of teachers: 40
10
GreatSchools Rating

Canyon Ridge Middle School

  • Education Level: Middle
  • # of students: 1,270
  • # of teachers: 70
10
GreatSchools Rating

Vandegrift High School

  • Education Level: High
  • # of students: 2,062
  • # of teachers: 124
8
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$1,753
Property Tax -$934
Property Insurance -$177
HOA -$56
Property Management Fees -$210
CASH FLOW
-$500

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.

$475,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 3.4%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$329

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,680

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,6003$2,6304$2,795
$2,795
RENT COMPS ANALYSIS
  • 12720 Oxen Way Austin, TX 3
    • 4 beds 3 baths ∙ 2,667 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,667 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $0.99
    •  
  • 12611 Grierson Trail Austin, TX 1
    • 4 beds 2 baths ∙ 2,548 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,548 Sqft ∙ Built 1996
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.94
    •  
  • 12701 Randlett Court Austin, TX 2
    • 4 beds 4 baths ∙ 2,587 Sqft ∙ Built 1992 4 beds 4 baths ∙ 2,587 Sqft ∙ Built 1992
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.01
    •  
  • 12701 Oxen Way Austin, TX 4
    • 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 1998
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.06
    •  
PROPERTY LISTING DETAILS
Wendi Slaton Anderson
1.512.743.4653
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5435983
Last Updated: 11/15/2020
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