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15507 Enid Dr Austin, TX 78734

3 Beds 3 Baths 1,822 sqft Built 1984

INVESTimate

$349,000

List Price

$2,240

$2,016 - $2,464

Rent Est.

$378,246  ( +8.38%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $191.55
  • 8 Days on Market
  • MLS # : 8764553
  • Updated Date : 08/25/2020 at 08:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,822 sqft
  • Baths : 3 full
Listing Agent

Dash Realty

Listing Agent's Description

ATTENTION BUYERS AND INVESTORS!!3BD3BA2LR-STR's ok! Deep pool!Mature oak trees on large lot-multiple outdoor living spaces & versatile floor plan-great for generational living!Demo & foundation repair completed,can purchase as is or builder can finish out;updated fp,cert septic,survey & all other remodel docs inc scope of work & design.Please note-the current list price is the AS IS price. As work is completed, the price will adjust accordingly. Please contact agent for showing-active construction site.

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

Neighborhood: Travis Landing

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $136k420k

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

Neighborhood: Travis Landing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9972351

* 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
Lake Travis Elementary School Primary Regular 888 58 8
Hudson Bend Middle School Middle Regular 1,029 65 9
Lake Travis High School High Regular 2,561 141 8

Lake Travis Elementary School

  • Education Level: Primary
  • # of students: 888
  • # of teachers: 58
8
GreatSchools Rating

Hudson Bend Middle School

  • Education Level: Middle
  • # of students: 1,029
  • # of teachers: 65
9
GreatSchools Rating

Lake Travis High School

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

$314,100$383,900$349,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,288
Property Tax -$686
Property Insurance -$130
Property Management Fees -$179
CASH FLOW
-$43

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.

$349,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 8.38%
Maintenance Year (1-5) 8.00%
Vacancy 6.80%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$13,783

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $2,173

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,2003$2,2404$2,2505$2,495
$2,495
RENT COMPS ANALYSIS
  • 15507 Enid Dr Austin, 3
    • 4 beds 3 baths ∙ 1,822 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,822 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $1.23
    •  
  • 14711 Little Fox Trl Austin, 1
    • 3 beds 3 baths ∙ 1,729 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,729 Sqft ∙ Built 2005
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.21
    •  
  • 5107 Cree Ln Austin, 2
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1999
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.19
    •  
  • 3267 Brass Buttons Trl Austin, 4
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2009
    property image
    LEASED 07/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.18
    •  
  • 2906 Katter Ct Austin, 5
    • 3 beds 2 baths ∙ 2,090 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,090 Sqft ∙ Built 2006
    property image
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.19
    •  
PROPERTY LISTING DETAILS
Andrea Martin
1.512.423.4969
Dash Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8764553
Last Updated: 08/25/2020
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