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14917 Alpha Collier Drive Austin, TX 78728

3 Beds 2 Baths 1,894 sqft Built 1983

$325,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $171.59
  • 3 Days on Market
  • MLS # : 1670065
  • Updated Date : 12/04/2020 at 06:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,894 sqft
  • Baths : 2 full
Listing Agent

Realty Austin

Listing Agent's Description

Meticulously cared with several upgrades 3 bed/2 bath in highly-sought-after Wells Branch. Close to shopping and major employers. Private yard with ample trees & covered back patio. Sprinkler system. 11/2013 complete upgraded kitchen – granite countertop, sink, cabinets, and tile (kitchen, fireplace, entry way and hall). Remodeled spare bathroom new cabinet granite countertop, tile and toilet. 5/2014 added 8x10 building to backyard for storage. 7/2014 added on a sunroom (156 sq foot) with 2 ceiling fans and a window unit. 5/2017 complete upgrade of master bathroom to a large - tile and glass walk-in shower with a steamer machine, ungraded cabinets with granite countertop, toilet, and tile. Removed master bedroom sliding glass door installed wall and wood door to access the sunroom. Removed popcorn from master bedroom ceiling. 7/2018 spray foam all exterior walls, install concrete Hardie board, and new roof. 9/2018 Trex composite deck boards and sunshade canopy on back deck. Added high lift garage door with wall mounted locking opener in order to accommodate the car lift, added new garage door opener for the other garage door. 6/2020 partial cedar deck roof to cover hot tub and porch swing. 8/2020 spray foam in attic rafters. Now the entire house has spray foam. 9/2020 new air conditioner and heater. Total upgrade and remodeling $177600. Things negotiable – Car lift in garage $3500, hot tub $10000, porch swing $500, 65-inch Vizio TV $500, Washer and Dryer $500, Stainless Refrigerator $700, large gun safe $3500. Total $19200.

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: 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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,199
Property Tax -$673
Property Insurance -$134
Property Management Fees -$99
CASH FLOW
-$335

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.

$325,000

PROJECTED PRICE

$1,770

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$702

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,804

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,770
1$1,7702$1,7753$1,8254$1,8505$1,850
$1,850
RENT COMPS ANALYSIS
  • 14917 Alpha Collier Drive Austin, TX 1
    • 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.93
    •  
  • 2108 Waterway Bend Austin, TX 2
    • 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 1985
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.95
    •  
  • 15029 Purslane Meadow Trail Austin, TX 3
    • 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 2000
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.97
    •  
  • 2105 Fuzz Fairway Austin, TX 4
    • 3 beds 2 baths ∙ 2,067 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,067 Sqft ∙ Built 1991
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.90
    •  
  • 2200 Rick Whinery Drive Austin, TX 5
    • 4 beds 3 baths ∙ 1,874 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,874 Sqft ∙ Built 1986
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.99
    •  
PROPERTY LISTING DETAILS
Tamara Nelson
1.512.786.2022
Realty Austin
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1670065
Last Updated: 12/04/2020
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