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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $152.12
- 6 Days on Market
- MLS # : 8728710
- Updated Date : 12/09/2020 at 15:07
CONSTRUCTION
- Beds : 3
- Floor Size : 2,151 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Military City
Listing Agent's Description
This exquisite 3 bedroom, 2.5 bathroom home in Sunfield offers open-concept living and a generously-sized private fenced yard! This home features a bright open floor plan that boasts neutral tones, hardwood flooring, and ample space, making it easy for you to add your personal touch! Step into a gourmet kitchen outfitted with stainless steel appliances, granite countertops, built-in desk/office nook in kitchen, and plenty of overhead cabinet space. The second level features an elegant primary suite, complete with a tasteful en suite bathroom, offering a separate tub, shower, and a roomy walk-in closet. Escape to the spacious upstairs game room that can easily convert into a family, fitness, or media room! Step outside to the back patio that overlooks the immense private backyard. Perfect for entertaining guests! This wonderful home offers great amenities including a pool and dog park that is conveniently located walking distance from the home!
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
Zip Code: 78610
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78610
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,090 |
| EXPENSES | Loan Payment | -$1,207 |
| Property Tax | -$852 | |
| Property Insurance | -$148 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$250
|
||
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.
$327,200
PROJECTED PRICE
$2,090
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 4.2% |
| 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
$92,458
LOAN DETAILS
$1,207
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,800 |
| Loan Amount | $245,400 |
1
YEARS SAVED
$1,808
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,090
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$2,076
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 04/26/20- Rent
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LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,195
- $1.04
PROPERTY LISTING DETAILS
1.210.331.7000
Re/max Military City
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 8728710
Last Updated: 12/09/2020
