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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $107.41
- 5 Days on Market
- MLS # : 6486637
- Updated Date : 12/03/2020 at 23:15
CONSTRUCTION
- Beds : 4
- Floor Size : 2,606 sqft
- Baths : 3 full
Listing Agent
Austin Real Pros, Realtors
Listing Agent's Description
Spacious 4 bedroom 3 bath home on a corner lot in the popular Brookfield Estates Neighborhood. New carpet and interior paint throughout and recently updated laminate flooring downstairs, ready for your finishing touches to make it a home! Light and bright kitchen with center island and pantry, open to family room and covered back porch. Formal living and dining space with bonus media room/loft on second floor - tons of flexible space for working or schooling from home! Large primary bedroom with en suite bath includes double vanity with separate soaking tub and shower and large walk-in closet. Easy access 2nd floor laundry with 3 beds upstairs. Lower level bedroom is perfect for a home office or guest suite. Spacious fully fenced backyard. Minutes to both I-35 and 130 for a quick commute with shopping, entertainment, and restaurants nearby. Active Brookfield Estates community has playgrounds, parks, and pool within walking distance. New paint and carpet. New roof 2020.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Brookfield Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Brookfield Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$639 | |
| Property Insurance | -$174 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$24
|
||
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.
$279,900
PROJECTED PRICE
$1,950
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 8.1% |
| 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
$79,924
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,975 |
| Loan Amount | $209,925 |
3.67
YEARS SAVED
$11,522
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$2,078
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 09/19/20- Rent
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- $2,050
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LEASED 03/02/20- Rent
- Rent Per SQFT
- $2,125
- $0.76
PROPERTY LISTING DETAILS
1.512.415.9724
Austin Real Pros, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 6486637
Last Updated: 12/03/2020
