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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $166.26
- 5 Days on Market
- MLS # : 6841595
- Updated Date : 12/23/2020 at 18:43
CONSTRUCTION
- Beds : 4
- Floor Size : 2,208 sqft
- Baths : 3 full
Listing Agent
Meritage Homes Realty
Listing Agent's Description
Brand NEW energy-efficient home ready April 2021! Gorgeous one story, 2208 SF, 4 bed, 3 bath home offers stone & brick front elevation w 4 sides masonry. Henderson plan gourmet kitchen with ample counter space and island. Espresso cabinets with cotton white quartz countertops, cool grey EVP flooring and multi-tone tweed carpet in our Sleek package. Upgraded carpet only in the bedrooms. Additional included features are: stainless steel appliances, full sod and sprinklers, whole house blinds, & covered back patio. Deerbrooke is located in the heart of Leander just 2-3 miles away from convenient shopping, 183A, & LISD schools. Deerbrooke offers a flex-use community center with fitness room, infinity edge pool, hike & bike trails & a dog park! Known for their energy efficient features, our homes help you live a healthier and quieter lifestyle while saving thousands of dollars on utility bills.
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: 78641
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78641
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,160 |
| EXPENSES | Loan Payment | -$1,354 |
| Property Tax | -$890 | |
| Property Insurance | -$151 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$385
|
||
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.
$367,100
PROJECTED PRICE
$2,160
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$99,282
LOAN DETAILS
$1,354
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $91,775 |
| Loan Amount | $275,325 |
0.42
YEARS SAVED
$479
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,160
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$2,109
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
1325 Truscon Path Leander, TX 5
- 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $2,160
- $0.98
-
1025 Kersey Dr Leander, TX 1
- 4 beds 2 baths ∙ 2,048 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,048 Sqft ∙ Built 2017
![property image]()
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,895
- $0.93
-
913 Wolcott Dr Leander, TX 2
- 3 beds 2 baths ∙ 2,061 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,061 Sqft ∙ Built 2016
![property image]()
LEASED 06/27/20- Rent
- Rent Per SQFT
- $1,950
- $0.95
-
1005 Wolcott Dr Leander, TX 3
- 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2016
![property image]()
LEASED 07/24/20- Rent
- Rent Per SQFT
- $2,100
- $0.98
-
1820 Cantonata Drive Leander, TX 4
- 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2020
![property image]()
LEASED 12/16/20- Rent
- Rent Per SQFT
- $2,100
- $0.96
PROPERTY LISTING DETAILS
1.512.629.4581
Meritage Homes Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 6841595
Last Updated: 12/23/2020
