Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

13209 Olivers Way Manchaca, TX 78652

4 Beds 4 Baths 2,486 sqft Built 2016

$399,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $160.50
  • 7 Days on Market
  • MLS # : 5933146
  • Updated Date : 10/29/2020 at 16:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,486 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty Austin

Listing Agent's Description

Incredible Opportunity in Desired Hills of Bear Creek! Beautifully maintained, this stunning 2016 two-story shows like-NEW. Nestled in a very friendly neighborhood, take advantage of the wonderful community amenities that include a resort-style pool with lounge areas & a picnic area with grills. Its charming curb appeal with its two-car garage, sweet front porch, & stone exterior is just a glimpse of the beauty that continues inside. With gorgeous two-story ceilings & a freshly painted interior, feel welcomed as you step inside the open floorplan that boasts a large living room with brand NEW luxury vinyl plank flooring throughout & a beautiful, light-filled kitchen that provides a large granite bar, all SS appls, & recessed lighting. Secluded downstairs, the extremely spacious primary suite is sure to please with its abundance of natural light & its spa-like ensuite bath that offers a huge dual vanity, separate shower/tub, & walk-in closet. Brand NEW carpet upstairs! The massive upstairs game room with large windows & vaulted ceilings makes this an entertainer's dream home. 3 spacious secondary bedrooms & two full baths upstairs. Enjoy the spacious, fully fenced backyard as you lounge back under the covered, extended back patio that offers two cooling ceiling fans, great for either outdoor entertaining/relaxing!

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: Manchaca

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $126k333k

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

Neighborhood: Manchaca

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9372081

* 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
Menchaca Elementary School Primary Regular 717 47 5
Paredes Middle School Middle Regular 1,032 69 4
Akins High School High Regular 2,667 155 4

Menchaca Elementary School

  • Education Level: Primary
  • # of students: 717
  • # of teachers: 47
5
GreatSchools Rating

Paredes Middle School

  • Education Level: Middle
  • # of students: 1,032
  • # of teachers: 69
4
GreatSchools Rating

Akins High School

  • Education Level: High
  • # of students: 2,667
  • # of teachers: 155
4
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,472
Property Tax -$659
Property Insurance -$167
HOA -$63
Property Management Fees -$176
CASH FLOW
-$337

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.

$399,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
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$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,415

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,324

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1003$2,1954$2,2005$2,245
$2,245
RENT COMPS ANALYSIS
  • 13209 Olivers Way Manchaca, TX 4
    • 4 beds 4 baths ∙ 2,486 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,486 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.88
    •  
  • 13121 Olivers Way Manchaca, TX 1
    • 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 2015
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
  • 13320 Larrys Lane Manchaca, TX 2
    • 5 beds 2 baths ∙ 2,138 Sqft ∙ Built 2016 5 beds 2 baths ∙ 2,138 Sqft ∙ Built 2016
    property image
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
  • 13409 Larrys Lane Manchaca, TX 3
    • 3 beds 3 baths ∙ 2,502 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,502 Sqft ∙ Built 2016
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.88
    •  
  • 13200 Olivers Way Manchaca, TX 5
    • 4 beds 4 baths ∙ 2,486 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,486 Sqft ∙ Built 2015
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.90
    •  
PROPERTY LISTING DETAILS
Salomon Silva
1.512.825.0213
Realty Austin
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5933146
Last Updated: 10/29/2020
BESbswy