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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $143.02
- 4 Days on Market
- MLS # : 2906655
- Updated Date : 12/06/2020 at 00:02
CONSTRUCTION
- Beds : 4
- Floor Size : 2,587 sqft
- Baths : 2 full , 1 half
Listing Agent
Agency Texas Inc
Listing Agent's Description
CONTACT LA:1 ANALEISA BARRON 512.902.9147** A beautiful retreat offering tons of natural light. This home has been meticulously cared for and lightly lived in. Less than 2 miles from the Metro with a built in office this home gives the space needed to work from home or entertain a large family. All new appliances to convey!!!!! GO starting Friday 12/4 through the weekend!!!!
SEE MORE
- 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: Northeast Austin
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northeast Austin
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,210 |
| EXPENSES | Loan Payment | -$1,365 |
| Property Tax | -$728 | |
| Property Insurance | -$173 | |
| HOA | -$26 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$180
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$369,999
PROJECTED PRICE
$2,210
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 9.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.13% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$103,800
LOAN DETAILS
$1,365
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $92,500 |
| Loan Amount | $277,499 |
2.42
YEARS SAVED
$8,190
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,210
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$2,367
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
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1520 Verdana Drive Austin, TX 3
- 4 beds 3 baths ∙ 2,587 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,587 Sqft ∙ Built 2015
![property image]()
- Rent
- Rent Per SQFT
- $2,210
- $0.85
-
12413 Comic Drive Austin, TX 1
- 3 beds 3 baths ∙ 2,417 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,417 Sqft ∙ Built 2016
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LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,200
- $0.91
-
12409 Calibri Lane Austin, TX 2
- 5 beds 4 baths ∙ 2,466 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,466 Sqft ∙ Built 2017
![property image]()
LEASED 11/01/20- Rent
- Rent Per SQFT
- $2,200
- $0.89
-
1405 Berlin Lane Austin, TX 4
- 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2015
![property image]()
LEASED 11/29/20- Rent
- Rent Per SQFT
- $2,250
- $0.93
-
1521 Berlin Lane Austin, TX 5
- 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2014
![property image]()
LEASED 11/30/20- Rent
- Rent Per SQFT
- $2,250
- $0.93
PROPERTY LISTING DETAILS
1.512.619.6559
Agency Texas Inc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 2906655
Last Updated: 12/06/2020
