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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $108.95
- 5 Days on Market
- MLS # : 7440693
- Updated Date : 12/18/2020 at 15:37
CONSTRUCTION
- Beds : 3
- Floor Size : 2,290 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty Austin
Listing Agent's Description
Fantastic location in quiet established community moments from it all. Easy access to highway for HEB, Home Depot, or Downtown just up the way. This is the layout you've been looking for with a large open kitchen, spacious living rooms downstairs, beautiful sun porch for indoor/outdoor all-season living. Think of the beautiful plants you could love on in this space. Also, screened-in porch area! Upstairs features an oversized additional living room and super spacious owner's suite along with just right guest bedroom, hobby room, or office! Come tour this one.
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: 78640
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78640
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$921 |
| Property Tax | -$574 | |
| Property Insurance | -$156 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$30
|
||
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.
$249,500
PROJECTED PRICE
$1,720
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 6.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.72% |
| 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
$71,868
LOAN DETAILS
$921
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,375 |
| Loan Amount | $187,125 |
3.58
YEARS SAVED
$9,917
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,780
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
131 Masonwood Drive Kyle, TX 2
- 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 1998
![property image]()
- Rent
- Rent Per SQFT
- $1,720
- $0.75
-
110 Juniper Circle Kyle, TX 1
- 3 beds 3 baths ∙ 2,235 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,235 Sqft ∙ Built 2003
![property image]()
LEASED 02/23/20- Rent
- Rent Per SQFT
- $1,700
- $0.76
-
221 Goldenrod Street Kyle, TX 3
- 3 beds 3 baths ∙ 2,214 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,214 Sqft ∙ Built 2002
![property image]()
LEASED 12/10/20- Rent
- Rent Per SQFT
- $1,725
- $0.78
-
170 Goldenrod Street Kyle, TX 4
- 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2002
![property image]()
LEASED 04/14/20- Rent
- Rent Per SQFT
- $1,750
- $0.79
-
221 Primrose Boulevard Kyle, TX 5
- 3 beds 3 baths ∙ 2,235 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,235 Sqft ∙ Built 2003
![property image]()
LEASED 11/27/20- Rent
- Rent Per SQFT
- $1,750
- $0.78
PROPERTY LISTING DETAILS
1.512.856.4549
Realty Austin
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 7440693
Last Updated: 12/18/2020
