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12922 Staton Dr Austin, TX 78727

3 Beds 2 Baths 2,287 sqft Built 1989

INVESTimate

$315,000

List Price

$1,750

$1,575 - $1,925

Rent Est.

$331,664  ( +5.29%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
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

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: Scofield Farms

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $126k378k

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

Neighborhood: Scofield Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9372010

* 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
Parmer Lane Elementary School Primary Regular 439 35 6
Westview Middle School Middle Regular 863 63 4
Connally High School High Regular 1,934 138 4

Parmer Lane Elementary School

  • Education Level: Primary
  • # of students: 439
  • # of teachers: 35
6
GreatSchools Rating

Westview Middle School

  • Education Level: Middle
  • # of students: 863
  • # of teachers: 63
4
GreatSchools Rating

Connally High School

  • Education Level: High
  • # of students: 1,934
  • # of teachers: 138
4
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

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
$1,750
1$1,7502$1,8003$1,8954$1,8955$2,000
$2,000
RENT COMPS ANALYSIS
  • 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
Kevin Mccarthy
1.512.587.4050
All City Real Estate Ltd. Co
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5488176
Last Updated: 08/24/2020
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