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14902 Longbranch Dr Austin, TX 78734

3 Beds 2 Baths 1,656 sqft Built 2004

INVESTimate

$357,500

List Price

$2,000

$1,800 - $2,200

Rent Est.

$390,140  ( +9.13%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $215.88
  • 9 Days on Market
  • MLS # : 3446666
  • Updated Date : 08/24/2020 at 14:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,656 sqft
  • Baths : 2 full
Listing Agent

Gold Star Properties

Listing Agent's Description

Awesome in coveted LTISD. Open floorpan and upgrades galore. No carpet! Granite counters, stainless appliances. Sprinkler system, eave lighting and awesome workshop in backyard. Neighborhood features Lake Austin park and boat ramp. All appliances convey and new within last 3 years.

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: Apache Shores

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k378k

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

Neighborhood: Apache Shores

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9371966

* 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
Lake Travis Elementary School Primary Regular 888 58 8
Hudson Bend Middle School Middle Regular 1,029 65 9
Lake Travis High School High Regular 2,561 141 8

Lake Travis Elementary School

  • Education Level: Primary
  • # of students: 888
  • # of teachers: 58
8
GreatSchools Rating

Hudson Bend Middle School

  • Education Level: Middle
  • # of students: 1,029
  • # of teachers: 65
9
GreatSchools Rating

Lake Travis High School

  • Education Level: High
  • # of students: 2,561
  • # of teachers: 141
8
GreatSchools Rating
 

$321,750$393,250$357,500

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,319
Property Tax -$718
Property Insurance -$120
HOA -$3
Property Management Fees -$160
CASH FLOW
-$320

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.

$357,500

PROJECTED PRICE

$2,000

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 9.13%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,488

INVESTMENT

$100,488

Down Payment
$89,375
Rehab Estimate
$5,750
Closing Costs
$5,363

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,319

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,375
Loan Amount $268,125
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$843

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $2,095

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9953$2,0004$2,1505$2,200
$2,200
RENT COMPS ANALYSIS
  • 14902 Longbranch Dr Austin, 3
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.21
    •  
  • 2001 Rain Water Dr Austin, 1
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2003
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.28
    •  
  • 14800 Foy Dr Austin, 2
    • 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1997
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.27
    •  
  • 2006 Rain Water Austin, 4
    • 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2008
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.19
    •  
  • 14803 Debba Dr Austin, 5
    • 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 2017
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.32
    •  
PROPERTY LISTING DETAILS
Jeff Evans
1.512.585.9997
Gold Star Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3446666
Last Updated: 08/24/2020
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