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15527 Sutton Leighs Lane Pflugerville, TX 78660

3 Beds 3 Baths 2,041 sqft Built 2001

$295,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $144.54
  • 2 Days on Market
  • MLS # : 1071347
  • Updated Date : 03/06/2021 at 16:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,041 sqft
  • Baths : 2 full , 1 half
Listing Agent

Central Metro Realty

Listing Agent's Description

GREAT HOME FOR FIRST TIME BUYERS. EXELLENT LOCATION WITH EASY ACCESS TO MAJOR ROADS. ALL THE EXPENSIVE IMPROVMENTS DONE IN THE LAST 4 YEARS. WATER HEATER REPLACED IN 1/2017, AC UNIT & COMPRESSOR REPLACED IN 09/2018. ROOF REPLACED IN 8/2018, STOVE REPLACED 11/2020. SOLD AS IS NO REPAIRS. OWNER IS LICENSED AGENT.

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: Sarah's Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $96k298k

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

Neighborhood: Sarah's Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8671779

* 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
Spring Hill Elementary School Primary Regular 678 46 6
Pflugerville Middle School Middle Regular 1,031 71 6
Pflugerville High School High Regular 2,256 143 7

Spring Hill Elementary School

  • Education Level: Primary
  • # of students: 678
  • # of teachers: 46
6
GreatSchools Rating

Pflugerville Middle School

  • Education Level: Middle
  • # of students: 1,031
  • # of teachers: 71
6
GreatSchools Rating

Pflugerville High School

  • Education Level: High
  • # of students: 2,256
  • # of teachers: 143
7
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,025
Property Tax -$673
Property Insurance -$142
HOA -$18
Property Management Fees -$99
CASH FLOW
-$227

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.

$295,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,224

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,878

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7303$1,7494$1,8505$1,950
$1,950
RENT COMPS ANALYSIS
  • 15527 Sutton Leighs Lane Pflugerville, TX 2
    • 3 beds 3 baths ∙ 2,041 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,041 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.85
    •  
  • 1017 Sweet Melissa Drive Pflugerville, TX 1
    • 3 beds 3 baths ∙ 1,881 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,881 Sqft ∙ Built 2002
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.90
    •  
  • 15535 Lady Lauras Crossing Pflugerville, TX 3
    • 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 1999
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.94
    •  
  • 14921 Purslane Meadow Trail Austin, TX 4
    • 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1999
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
  • 905 Durness Dr Austin, TX 5
    • 4 beds 3 baths ∙ 2,133 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,133 Sqft ∙ Built 2019
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
PROPERTY LISTING DETAILS
Lena Ramirez
Central Metro Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1071347
Last Updated: 03/06/2021
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