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

146 Kaelepulu Drive Bastrop, TX 78602

3 Beds 2 Baths 1,553 sqft Built 1997

$250,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $160.98
  • 4 Days on Market
  • MLS # : 2397973
  • Updated Date : 11/14/2020 at 00:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,553 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Gorgeous, beautifully maintained one-story nestled in Tahitian Village ideally located minutes from TX71 and within close proximity to Bastrop and Buescher State Park. Home features gorgeous crown molding, extra large walk-in closets in all 3 bedrooms, and many windows that allow for natural light to filter through and fill the home with bright light. Private back yard is perfect for entertaining or relaxing with the family featuring a flagstone path that leads from the main patio to the guest house, bocce ball court and firepit area. 400sqft guest house makes for the perfect workshop, studio or extra living quarters! Home updates include new flooring and roof & fresh interior and exterior paint.

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: Tahitian Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $106k298k

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

Neighborhood: Tahitian Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7131723

* 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
Emile Elementary School Primary Regular 570 38 4
Bastrop Middle School Middle Regular 707 48 4
Bastrop High School High Regular 1,253 87 4

Emile Elementary School

  • Education Level: Primary
  • # of students: 570
  • # of teachers: 38
4
GreatSchools Rating

Bastrop Middle School

  • Education Level: Middle
  • # of students: 707
  • # of teachers: 48
4
GreatSchools Rating

Bastrop High School

  • Education Level: High
  • # of students: 1,253
  • # of teachers: 87
4
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$922
Property Tax -$425
Property Insurance -$115
HOA -$13
Property Management Fees -$128
CASH FLOW
-$3

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.

$250,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 6.8%
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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$13,266

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,592

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,4953$1,5504$1,5955$1,600
$1,600
RENT COMPS ANALYSIS
  • 146 Kaelepulu Drive Bastrop, TX 5
    • 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.03
    •  
  • 105 N Kanaio Drive #b Bastrop, TX 1
    • 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1985
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.99
    •  
  • 129 N Kaupo #b Bastrop, TX 2
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2016
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.00
    •  
  • 115 Kaena Lane Bastrop, TX 3
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1999
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.05
    •  
  • 127 N Kaupo Drive #a Bastrop, TX 4
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2016
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.06
    •  
PROPERTY LISTING DETAILS
Jaymes Willoughby
1.512.347.9599
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 2397973
Last Updated: 11/14/2020
BESbswy