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15207 Walcott Drive Austin, TX 78725

3 Beds 2 Baths 1,550 sqft Built 2014

$250,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $161.29
  • 5 Days on Market
  • MLS # : 8253181
  • Updated Date : 11/04/2020 at 23:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,550 sqft
  • Baths : 2 full
Listing Agent

Kuper Sotheby's Itl Rlty

Listing Agent's Description

MULTIPLE OFFERS...HIGHEST AND BEST BY NOV 7 AT 5 PM Three Bedroom, 2 Bath home built in 2014. Home features new luxury vinyl plank installed May 2020, and freshly painted through out Oct 2020. Home backs up to greenbelt. Will not last!!

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

Zip Code: 78725

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $106k378k

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

Zip Code: 78725

ZipNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600170018001900Rent in $7271966

* 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
Hornsby-dunlap Elementary School Primary Regular 646 43 3
Dailey Middle School Middle Regular 706 56 3
Del Valle High School High Regular 2,851 171 3

Hornsby-dunlap Elementary School

  • Education Level: Primary
  • # of students: 646
  • # of teachers: 43
3
GreatSchools Rating

Dailey Middle School

  • Education Level: Middle
  • # of students: 706
  • # of teachers: 56
3
GreatSchools Rating

Del Valle High School

  • Education Level: High
  • # of students: 2,851
  • # of teachers: 171
3
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$922
Property Tax -$492
Property Insurance -$114
HOA -$25
Property Management Fees -$131
CASH FLOW
-$45

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.

$250,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 9.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.13%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$8,905

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,628

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5503$1,6004$1,6405$1,650
$1,650
RENT COMPS ANALYSIS
  • 15207 Walcott Drive Austin, TX 4
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $1.06
    •  
  • 909 Yabers Court Austin, TX 1
    • 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 2013
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.03
    •  
  • 15107 Verela Drive Austin, TX 2
    • 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2013
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.07
    •  
  • 15108 Walcott Drive Austin, TX 3
    • 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 2015
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.99
    •  
  • 608 Silver Wing Drive Austin, TX 5
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2016
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.11
    •  
PROPERTY LISTING DETAILS
Susan Ledesma
1.512.922.0748
Kuper Sotheby's Itl Rlty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8253181
Last Updated: 11/04/2020
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