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15004 Drusillas Drive Pflugerville, TX 78660

5 Beds 4 Baths 2,278 sqft Built 2002

$329,990

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $144.86
  • 3 Days on Market
  • MLS # : 3144411
  • Updated Date : 01/30/2021 at 23:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,278 sqft
  • Baths : 3 full , 1 half
Listing Agent

Kingfay Inc

Listing Agent's Description

****DO NOT DISTURB TENANTS, SEE SHOWING INSTRUCTIONS*** Great investment opportunity for a 5 bedroom/3.5 bath/2 car garage home, plus dining/study, and loft game room, with updated appliances, and covered patio.

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: Sarah's Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $96k298k

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

Neighborhood: Sarah's Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8671779

* 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
Spring Hill Elementary School Primary Regular 678 46 6
Pflugerville Middle School Middle Regular 1,031 71 6
Pflugerville High School High Regular 2,256 143 7

Spring Hill Elementary School

  • Education Level: Primary
  • # of students: 678
  • # of teachers: 46
6
GreatSchools Rating

Pflugerville Middle School

  • Education Level: Middle
  • # of students: 1,031
  • # of teachers: 71
6
GreatSchools Rating

Pflugerville High School

  • Education Level: High
  • # of students: 2,256
  • # of teachers: 143
7
GreatSchools Rating
 

$296,991$362,989$329,990

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,146
Property Tax -$753
Property Insurance -$155
HOA -$18
Property Management Fees -$99
CASH FLOW
-$171

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.

$329,990

PROJECTED PRICE

$2,000

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 8.5%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,197

INVESTMENT

$93,197

Down Payment
$82,498
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,498
Loan Amount $247,493
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,458

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
  • $0.88

    LIST RENT PER SQFT
  • $2,101

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,0003$2,1004$2,1505$2,200
$2,200
RENT COMPS ANALYSIS
  • 15004 Drusillas Drive Pflugerville, TX 2
    • 5 beds 4 baths ∙ 2,278 Sqft ∙ Built 2002 5 beds 4 baths ∙ 2,278 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.88
    •  
  • 917 Fortrose Terrace Pflugerville, TX 1
    • 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 2020
    property image
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.88
    •  
  • 912 Durness Dr Pflugerville, TX 3
    • 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2019
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.91
    •  
  • 909 Fortrose Terrace Austin, TX 4
    • 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2020
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.94
    •  
  • 912 Durness Drive Pflugerville, TX 5
    • 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2020
    property image
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.96
    •  
PROPERTY LISTING DETAILS
Lingtong Qian
1.702.985.2077
Kingfay Inc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3144411
Last Updated: 01/30/2021
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