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14900 Chamberlain Court Austin, TX 78724

4 Beds 3 Baths 2,168 sqft Built 2004

$275,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $126.85
  • 3 Days on Market
  • MLS # : 5698307
  • Updated Date : 03/20/2021 at 17:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,168 sqft
  • Baths : 3 full
Listing Agent

Pauly Presley Realty

Listing Agent's Description

Great 4 bedroom floorplan on a large corner lot. 1 bedroom and full bath downstairs, 3 bedrooms, including master, and 2 full baths upstairs. New stainless steel appliances in the kitchen and remodeled master bath. 2 living areas on the first floor and 1 on the second floor. Big backyard with garden / planter boxes. Fence and roof have been recently replaced. New flooring upstairs but the carpet downstairs will probably need to be replaced. Tile for the downstairs bathroom has been purchased but not installed.

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

Neighborhood: Forest Bluff

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $84k378k

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

Neighborhood: Forest Bluff

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300140015001600170018001900Rent in $6141966

* 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
Gilbert Elementary School Primary Regular 639 45 NA
Dailey Middle School Middle Regular 706 56 3
Del Valle High School High Regular 2,851 171 3

Gilbert Elementary School

  • Education Level: Primary
  • # of students: 639
  • # of teachers: 45
NA
GreatSchools Rating

Dailey Middle School

  • Education Level: Middle
  • # of students: 706
  • # of teachers: 56
3
GreatSchools Rating

Del Valle High School

  • Education Level: High
  • # of students: 2,851
  • # of teachers: 171
3
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$955
Property Tax -$541
Property Insurance -$149
HOA -$20
Property Management Fees -$99
CASH FLOW
$16

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.

$275,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 8.2%
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$200k$400k$600k$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$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$13,589

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,859

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$1,7804$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 14900 Chamberlain Court Austin, TX 3
    • 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.82
    •  
  • 5905 Montrelia Drive Austin, TX 1
    • 4 beds 2 baths ∙ 1,992 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,992 Sqft ∙ Built 2017
    property image
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.85
    •  
  • 5608 Netleaf Road Austin, TX 2
    • 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 2004
    property image
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.81
    •  
  • 13301 Brahmin Drive Austin, TX 4
    • 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2017
    property image
    LEASED 03/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.88
    •  
  • 5716 Brampton Lane Austin, TX 5
    • 4 beds 2 baths ∙ 2,029 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,029 Sqft ∙ Built 2019
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.89
    •  
PROPERTY LISTING DETAILS
Kyle Reed
Pauly Presley Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5698307
Last Updated: 03/20/2021
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