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14801 Great Willow Drive Austin, TX 78728

3 Beds 2 Baths 1,523 sqft Built 1982

$314,500

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $206.50
  • 4 Days on Market
  • MLS # : 3339687
  • Updated Date : 01/16/2021 at 15:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,523 sqft
  • Baths : 2 full
Listing Agent

Prestige Properties Realty

Listing Agent's Description

Multiple offers received. Please present highest and best by Sunday 1/17 at 5:00 pm. Rare opportunity to own in Wells Branch community, this one will go fast! Charming home backs to greenbelt, with park views from deck, great for entertaining. Bright, open living area with vaulted ceilings, wood fireplace and laminate flooring. MIL plan with separate master bed/bath. Ready to move in, or add your own touches. Award winning Round Rock ISD with McNeil HS.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Wells Branch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k378k

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

Neighborhood: Wells Branch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8561966

* 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
Wells Branch Elementary School Primary Regular 938 66 5
Deerpark Middle School Middle Regular 935 75 7
Mcneil High School High Regular 2,546 169 7

Wells Branch Elementary School

  • Education Level: Primary
  • # of students: 938
  • # of teachers: 66
5
GreatSchools Rating

Deerpark Middle School

  • Education Level: Middle
  • # of students: 935
  • # of teachers: 75
7
GreatSchools Rating

Mcneil High School

  • Education Level: High
  • # of students: 2,546
  • # of teachers: 169
7
GreatSchools Rating
 

$283,050$345,950$314,500

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,092
Property Tax -$651
Property Insurance -$113
Property Management Fees -$99
CASH FLOW
-$265

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.

$314,500

PROJECTED PRICE

$1,690

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 9.7%
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$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$89,093

INVESTMENT

$89,093

Down Payment
$78,625
Rehab Estimate
$5,750
Closing Costs
$4,718

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,092

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,625
Loan Amount $235,875
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,100

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,687

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,6904$1,795
$1,795
RENT COMPS ANALYSIS
  • 14801 Great Willow Drive Austin, TX 3
    • 3 beds 3 baths ∙ 1,523 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,523 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.11
    •  
  • 2140 Cervin Boulevard Austin, TX 1
    • 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1983
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.11
    •  
  • 2200 Maple Hollow Trail Austin, TX 2
    • 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1983
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.12
    •  
  • 14804 Great Willow Dr Austin, TX 4
    • 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1982
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.10
    •  
PROPERTY LISTING DETAILS
Leslie Chatham
1.512.762.0200
Prestige Properties Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3339687
Last Updated: 01/16/2021
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