Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
12922 Staton Dr 
Austin, TX
78727
3 Beds 2 Baths 2,287 sqft
Built 1989
INVESTimate
$315,000
List Price
$89,225
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1989
- Price/Sqft : $137.74
- 3 Days on Market
- MLS # : 5488176
- Updated Date : 08/24/2020 at 21:49
CONSTRUCTION
- Beds : 3
- Floor Size : 2,287 sqft
- Baths : 2 full
Listing Agent
All City Real Estate Ltd. Co
Listing Agent's Description
Large 3 bedrooms 2 bath with a study, family home with a wonderful Open front room, extra large gameroom and incredible natural lighting. Lots of skylights and ceramic tile throughout the home. Ideal loction I-35, Parmer, Schools, shopping and nearby major employers include Apple, St. David’s North Austin Medical Center, The Domain, National Instruments
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
Neighborhood: Scofield Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Scofield Farms
* 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 | $1,750 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$619 | |
| Property Insurance | -$156 | |
| Property Management Fees | -$140 | |
|
CASH FLOW
-$327
|
||
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.
$315,000
PROJECTED PRICE
$1,750
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 5.29% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.72% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
0.33
YEARS SAVED
$208
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,938
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
12922 Staton Dr Austin, 1
- 3 beds 2 baths ∙ 2,287 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,287 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $1,750
- $0.77
-
12709 Lamplight Village Ave Austin, 2
- 3 beds 2 baths ∙ 2,106 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,106 Sqft ∙ Built 1978
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,800
- $0.85
-
1901 Dapplegrey Ln Austin, 3
- 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 1994
LEASED 10/18/19- Rent
- Rent Per SQFT
- $1,895
- $0.90
-
1904 Creole Dr Austin, 4
- 4 beds 2 baths ∙ 2,293 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,293 Sqft ∙ Built 1999
LEASED 11/15/19- Rent
- Rent Per SQFT
- $1,895
- $0.83
-
1701 Ender Cv Austin, 5
- 3 beds 3 baths ∙ 2,464 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,464 Sqft ∙ Built 1998
LEASED 10/18/19- Rent
- Rent Per SQFT
- $2,000
- $0.81
PROPERTY LISTING DETAILS
1.512.587.4050
All City Real Estate Ltd. Co
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 5488176
Last Updated: 08/24/2020
