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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $157.53
- 2 Days on Market
- MLS # : 8366238
- Updated Date : 02/06/2021 at 15:08
CONSTRUCTION
- Beds : 3
- Floor Size : 1,269 sqft
- Baths : 2 full
Listing Agent
All City Real Estate Ltd. Co
Listing Agent's Description
Like new home in Lake Pointe subdivision. This immaculate three bedroom, two bath home is ready for move in. Many upgrades to include maintenance free wood look plank flooring, granite countertops, water softener, utility sink in the garage and a large inside laundry room /mudroom. The primary bedroom features large open space with a primary bathroom with double vanity and a large storage closet and huge shower. There is a split floorplan with the other two bedrooms and bathroom on the other side of the house. The kitchen includes a large lighted pantry, built in microwave and granite countertops with dark wood cabinets all open to the living room. Lake Pointe Community has a neighborhood park and pool and is convenient to the new Lake Belton High School.
SEE MORE
- 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)
- #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.
PRICE & RENT TRENDS
Zip Code: 76502
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76502
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,310 |
| EXPENSES | Loan Payment | -$694 |
| Property Tax | -$447 | |
| Property Insurance | -$94 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$54
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$199,900
PROJECTED PRICE
$1,310
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 2.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.62% |
| 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
$58,724
LOAN DETAILS
$694
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $49,975 |
| Loan Amount | $149,925 |
1.25
YEARS SAVED
$1,235
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,310
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,206
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
1315 Lilac Ledge Drive Temple, TX 2
- 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $1,310
- $1.03
-
9017 Lonesome Oak Drive Temple, TX 1
- 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2010
LEASED 01/29/21- Rent
- Rent Per SQFT
- $1,300
- $0.95
PROPERTY LISTING DETAILS
All City Real Estate Ltd. Co
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 8366238
Last Updated: 02/06/2021
