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1301 Low Branch Lane #1 Leander, TX 78641

3 Beds 3 Baths 2,428 sqft Built 2020

$399,900

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $164.70
  • 59 Days on Market
  • MLS # : 5850076
  • Updated Date : 12/24/2020 at 16:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,428 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kuper Sotheby's Itl Rlty

Listing Agent's Description

Projected completion date is the end of February 2021. The Mackenzie Plan features 3 BR, 2.5 BA with a 530sf 3rd floor bonus room. 13 Additional lots to build on with plans ranging from 1797sf to 2428sf to choose from. This 17 home community is centered around a common, wooded greenspace and endears its residents with a tightknit community feel while offering master-planned development amenities. The builder, JC Thompson Construction's philosophy is simple: premium features are included as standard. There is no reason to waste time at a Design Center, the homes already have it all. Elegant, tasteful, and functional each of the homes are thoughtfully designed with stylish and timeless finishes. Energy-efficient throughout and beautifully crafted, these cottages are well-appointed and sensibly priced. Come home to an exceptional quality of life. Condo Association Fees are TBD and this community is located in a PID.

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: 78641

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $126k300k

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

Zip Code: 78641

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9371765

* 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
Plain Elementary School Primary Regular 850 55 5
Wiley Middle School Middle Regular 967 63 8
Glenn High School High Unknown NA

Plain Elementary School

  • Education Level: Primary
  • # of students: 850
  • # of teachers: 55
5
GreatSchools Rating

Wiley Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 63
8
GreatSchools Rating

Glenn High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,389
Property Tax -$970
Property Insurance -$161
HOA -$50
Property Management Fees -$99
CASH FLOW
-$438

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$399,900

PROJECTED PRICE

$2,230

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 3.00%
Vacancy 6.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,974

INVESTMENT

$107,974

Down Payment
$99,975
Rehab Estimate
$2,000
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$148

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,275

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,1003$2,2304$2,2955$2,350
$2,350
RENT COMPS ANALYSIS
  • 1301 Low Branch Lane #1 Leander, TX 3
    • 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.94
    •  
  • 1025 Kersey Dr Leander, TX 1
    • 4 beds 2 baths ∙ 2,048 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,048 Sqft ∙ Built 2017
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.93
    •  
  • 1820 Cantonata Drive Leander, TX 2
    • 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2020
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.96
    •  
  • 1501 Beard Pass Leander, TX 4
    • 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 2020
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.04
    •  
  • 2433 Brook Crest Way Leander, TX 5
    • 4 beds 3 baths ∙ 2,599 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,599 Sqft ∙ Built 2017
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.90
    •  
PROPERTY LISTING DETAILS
Gregory Cooper
1.512.565.0499
Kuper Sotheby's Itl Rlty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5850076
Last Updated: 12/24/2020
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