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15008 Cabrillo Way Bee Cave, TX 78738

4 Beds 4 Baths 2,351 sqft Built 2017

$500,000

List Price

$2,810

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $212.68
  • 4 Days on Market
  • MLS # : 9959424
  • Updated Date : 01/23/2021 at 21:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,351 sqft
  • Baths : 3 full , 1 half
Listing Agent

Jp And Associates Realtors

Listing Agent's Description

Remarkable David Weekley 2-story in the Terra Colinas subdivision. This 4 bed, 3.5 bath open floor plan has tasteful upgrades, soaring ceilings and hardwood floors. Beautiful, open concept living/dining/kitchen with abundant natural & recessed light, large island, classic white cabinets, Energy Star stainless steel appliances & gas range. The large, covered patio offers a gas stub for easy grilling and perfect evenings. Highly-rated Lake Travis ISD! Convenient to stellar shopping at the Hill Country Galleria and outdoor adventures at the City of Bee Cave Central Park. Homes in this price point are a rarity in this area. Come see today.

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

Zip Code: 78738

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $136k768k

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

Zip Code: 78738

ZipNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000320034003600Rent in $9973714

* 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
Bee Cave Elementary School Primary Regular 623 39 8
Lake Travis Middle School Middle Regular 1,066 64 10
Lake Travis High School High Regular 2,561 141 8

Bee Cave Elementary School

  • Education Level: Primary
  • # of students: 623
  • # of teachers: 39
8
GreatSchools Rating

Lake Travis Middle School

  • Education Level: Middle
  • # of students: 1,066
  • # of teachers: 64
10
GreatSchools Rating

Lake Travis High School

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

$450,000$550,000$500,000

PURCHASE PRICE

$2,529$3,091$2,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,810
EXPENSES Loan Payment -$1,737
Property Tax -$1,137
Property Insurance -$159
HOA -$60
Property Management Fees -$99
CASH FLOW
-$382

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.

$500,000

PROJECTED PRICE

$2,810

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 4.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.15%
Length of Stay Years 2

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-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$2,116

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,810

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $2,898

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8003$2,8104$2,9005$2,995
$2,995
RENT COMPS ANALYSIS
  • 15008 Cabrillo Way Bee Cave, TX 3
    • 4 beds 4 baths ∙ 2,351 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,351 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,810
    • $1.20
    •  
  • 5504 La Canada Way Austin, TX 1
    • 3 beds 2 baths ∙ 2,306 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,306 Sqft ∙ Built 2018
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.21
    •  
  • 5021 Pyrenees Pass Austin, TX 2
    • 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 2010
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.17
    •  
  • 4701 Pyrenees Pass Bee Cave, TX 4
    • 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2009
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.25
    •  
  • 14912 Cabrillo Way Bee Cave, TX 5
    • 3 beds 3 baths ∙ 2,304 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,304 Sqft ∙ Built 2017
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.30
    •  
PROPERTY LISTING DETAILS
Lori Hartman
1.512.659.3475
Jp And Associates Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9959424
Last Updated: 01/23/2021
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