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14010 Levy Lane Pflugerville, TX 78660

4 Beds 3 Baths 2,145 sqft Built 2020

$325,120

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $151.57
  • 2 Days on Market
  • MLS # : 2173657
  • Updated Date : 11/28/2020 at 19:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,145 sqft
  • Baths : 2 full , 1 half
Listing Agent

D.r. Horton, America's Builder

Listing Agent's Description

UNDER CONSTRUCTION - EST COMPLETION IN MARCH 2021. This master down plan features granite counters, stainless appliances, and white cabinetry. Baths have quartz counters, tile surround in showers and a double vanity at master bath. Extended wood looking vinyl into living & hall area. Full sod, irrigation, gutters and a covered back patio overlooking 125 acres owned by PISD. Ask about the technology package and warranty coverage!

SEE MORE

MARKET HIGHLIGHTS

  • 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: 78660

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $116k410k

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

Zip Code: 78660

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9942157

* 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
Cele Middle School Middle Unknown 765 50 NA
Delco Primary School Primary Regular 554 38 NA

Dessau Elementary School

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

Cele Middle School

  • Education Level: Middle
  • # of students: 765
  • # of teachers: 50
NA
GreatSchools Rating

Delco Primary School

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

$292,608$357,632$325,120

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,200
Property Tax -$657
Property Insurance -$148
HOA -$67
Property Management Fees -$159
CASH FLOW
-$240

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.

$325,120

PROJECTED PRICE

$1,990

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 3.00%
Vacancy 6.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,157

INVESTMENT

$88,157

Down Payment
$81,280
Rehab Estimate
$2,000
Closing Costs
$4,877

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,200

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,280
Loan Amount $243,840
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,482

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,989

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9503$1,9504$1,9905$2,050
$2,050
RENT COMPS ANALYSIS
  • 14010 Levy Lane Georgetown, TX 4
    • 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.93
    •  
  • 14015 Macquarie Drive Pflugerville, TX 1
    • 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 2020
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
  • 14002 Macquarie Dr Pflugerville, TX 2
    • 4 beds 3 baths ∙ 2,117 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,117 Sqft ∙ Built 2020
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.92
    •  
  • 13902 Levy Ln Pflugerville, TX 3
    • 4 beds 3 baths ∙ 2,117 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,117 Sqft ∙ Built 2020
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.92
    •  
  • 13811 Levy Ln Pflugerville, TX 5
    • 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 2020
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.96
    •  
PROPERTY LISTING DETAILS
Dave Clinton
1.512.270.6196
D.r. Horton, America's Builder
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 2173657
Last Updated: 11/28/2020
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