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

1409 Vanilla Bean Drive Pflugerville, TX 78660

4 Beds 3 Baths 2,606 sqft Built 2004

$279,900

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $97k298k

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

Neighborhood: Brookfield Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8411779

* 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
Wieland Elementary School Primary Regular 498 37 5
Dessau Middle School Middle Regular 817 60 3
Connally High School High Regular 1,934 138 4

Wieland Elementary School

  • Education Level: Primary
  • # of students: 498
  • # of teachers: 37
5
GreatSchools Rating

Dessau Middle School

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

Connally High School

  • Education Level: High
  • # of students: 1,934
  • # of teachers: 138
4
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

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
$1,950
1$1,9502$1,9503$1,9954$2,0505$2,125
$2,125
RENT COMPS ANALYSIS
  • 1409 Vanilla Bean Drive Pflugerville, TX 2
    • 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.75
    •  
  • 14001 Cantata Ln Pflugerville, TX 1
    • 5 beds 3 baths ∙ 2,432 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,432 Sqft ∙ Built 2016
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.80
    •  
  • 14502 Frankel Loop Pflugerville, TX 3
    • 3 beds 3 baths ∙ 2,510 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,510 Sqft ∙ Built 2019
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.79
    •  
  • 1309 Maier Drive Pflugerville, TX 4
    • 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 2018
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.84
    •  
  • 1400 Klee Street Pflugerville, TX 5
    • 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 2017
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.76
    •  
PROPERTY LISTING DETAILS
Magdeline Maddox
1.512.415.9724
Austin Real Pros, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6486637
Last Updated: 12/03/2020
BESbswy