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13629 Coomer Path Pflugerville, TX 78660

3 Beds 2 Baths 1,667 sqft Built 2011

$249,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2011
  • Price/Sqft : $149.37
  • 3 Days on Market
  • MLS # : 4161516
  • Updated Date : 11/02/2020 at 01:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,667 sqft
  • Baths : 2 full
Listing Agent

Thompson Realty Group

Listing Agent's Description

Perfect for the Stay Home-Work! Beautiful single-family on CUL DE SAC in Highly desired Cantarra Meadow! LG backyard with Covered Patio & View of Greenbelt/Fenced Garden. Open kitchen with recent updated counter tops and Full interior painting through-out the home. The home features an open living room with kitchen & dining area. LG Bonus Room can be used as 4th Bedroom/Office/Nursery/Stay Home-Work or School Studies. Good Schools! October 2020/All Counter Tops in Kitchen updated., Professionally Cleaned including all Flooring. Appliance package Refrigerator/Washer/Drying Included with Sale. Great Community Pool/Playground/Clubhouse/Walking Trails. Close to IH35 and 130 Toll Ways/ So easy to drive to Shopping/Restaurants/Hospitals/Office. City of Austin Utilities. Move-In Ready!!!

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: Cantarra

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $98k298k

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

Neighborhood: Cantarra

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7761779

* 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
Dessau Elementary School Primary Regular 508 35 4
Dessau Middle School Middle Regular 817 60 3
Delco Primary School Primary Regular 554 38 NA

Dessau Elementary School

  • Education Level: Primary
  • # of students: 508
  • # of teachers: 35
4
GreatSchools Rating

Dessau Middle School

  • Education Level: Middle
  • # of students: 817
  • # of teachers: 60
3
GreatSchools Rating

Delco Primary School

  • Education Level: Primary
  • # of students: 554
  • # of teachers: 38
NA
GreatSchools Rating
 

$224,100$273,900$249,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$919
Property Tax -$568
Property Insurance -$121
HOA -$31
Property Management Fees -$130
CASH FLOW
-$139

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$249,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 2.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.13%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,611

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,700

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,630
1$1,6302$1,6453$1,8004$1,895
$1,895
RENT COMPS ANALYSIS
  • 13629 Coomer Path Pflugerville, TX 1
    • 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.98
    •  
  • 13509 Coomer Path Pflugerville, TX 2
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2013
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.03
    •  
  • 3513 Tralagon Trl Pflugerville, TX 3
    • 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 2010
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 3417 Couch Drive Pflugerville, TX 4
    • 3 beds 3 baths ∙ 1,845 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,845 Sqft ∙ Built 2019
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.03
    •  
PROPERTY LISTING DETAILS
Terri Thompson
1.512.415.9116
Thompson Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 4161516
Last Updated: 11/02/2020
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