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15029 Valerian Tea Dr Pflugerville, TX 78660

3 Beds 3 Baths 1,422 sqft Built 2004

INVESTimate

$235,000

List Price

$1,490

$1,341 - $1,639

Rent Est.

$254,105  ( +8.13%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $165.26
  • 6 Days on Market
  • MLS # : 8105794
  • Updated Date : 08/21/2020 at 08:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,422 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

This home is in a great location, near Austin and in the, Heart of Pflugerville! Great location for commuters! Take Wells Branch to 35 or 130. Mere minutes away from shopping, movies and more! Walk into a spacious living area with Vaulted high ceilings. In addition to the great location this three bedroom room home has recent new carpet upstairs and freshly painted rooms. Nice yard, covered patio, which is screened in with a fan.

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: Brookfield Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $97k298k

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

Neighborhood: Brookfield Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8411779

* 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
Wieland Elementary School Primary Regular 498 37 5
Dessau Middle School Middle Regular 817 60 3
Connally High School High Regular 1,934 138 4

Wieland Elementary School

  • Education Level: Primary
  • # of students: 498
  • # of teachers: 37
5
GreatSchools Rating

Dessau Middle School

  • Education Level: Middle
  • # of students: 817
  • # of teachers: 60
3
GreatSchools Rating

Connally High School

  • Education Level: High
  • # of students: 1,934
  • # of teachers: 138
4
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$867
Property Tax -$549
Property Insurance -$107
HOA -$28
Property Management Fees -$119
CASH FLOW
-$180

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.

$235,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 8.13%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$677

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,546

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,5003$1,5254$1,5255$1,595
$1,595
RENT COMPS ANALYSIS
  • 15029 Valerian Tea Dr Pflugerville, 1
    • 3 beds 3 baths ∙ 1,422 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,422 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $1.05
    •  
  • 809 Friendship Quilt Ln Pflugerville, 2
    • 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 2002
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.04
    •  
  • 15101 Hyson Xing Pflugerville, 3
    • 3 beds 3 baths ∙ 1,422 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,422 Sqft ∙ Built 2005
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.07
    •  
  • 15232 Mandarin Xing Pflugerville, 4
    • 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 2004
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.13
    •  
  • 1329 Coronation Way Pflugerville, 5
    • 3 beds 3 baths ∙ 1,439 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,439 Sqft ∙ Built 2005
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.11
    •  
PROPERTY LISTING DETAILS
Christie Hall
1.512.417.7131
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8105794
Last Updated: 08/21/2020
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