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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $149.59
- 6 Days on Market
- MLS # : 5246898
- Updated Date : 01/20/2021 at 23:21
CONSTRUCTION
- Beds : 3
- Floor Size : 1,688 sqft
- Baths : 2 full , 1 half
Listing Agent
Austin Central Realty
Listing Agent's Description
Beautiful 2 story home features with 3 bedrooms and 2.5 bathrooms. Welcome front porch leads to high ceiling hall way and large living room. Open concept floorplan from large living room to kitchen and dining room. Kitchen has granite countertop, 42” wood cabinets, microwave, and drinking water softener. Master suite features wall of windows, siting area, enormous walk-in closet and shower. Like new home with fresh paint interior, still under 10 years structural warrant. Recent $3k. water softeners. The attach garage is extra deep for storage area. Relax in huge private back yard that has covered patio and convenient gas drop for BBQ grill. Enjoying fruit trees surround the backyard. Close to shopping, restaurant, and airport. Short drive to Austin and San Antonio.
SEE MORE
- 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
Zip Code: 78610
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78610
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$877 |
| Property Tax | -$663 | |
| Property Insurance | -$122 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$74
|
||
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.
$252,500
PROJECTED PRICE
$1,720
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 4.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.72% |
| 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
$72,663
LOAN DETAILS
$877
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $63,125 |
| Loan Amount | $189,375 |
2.42
YEARS SAVED
$4,649
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,718
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
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156 Triumph Road Buda, TX 3
- 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2015
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- Rent Per SQFT
- $1,720
- $1.02
-
372 Eagle Brook Ln Buda, TX 1
- 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2017
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,625
- $0.96
-
144 Sandy Path Buda, TX 2
- 3 beds 3 baths ∙ 1,667 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,667 Sqft ∙ Built 2017
LEASED 12/13/20- Rent
- Rent Per SQFT
- $1,700
- $1.02
-
212 Twisted Oaks Lane Buda, TX 4
- 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2015
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,750
- $1.04
-
176 Pearl Way Buda, TX 5
- 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2016
LEASED 01/05/21- Rent
- Rent Per SQFT
- $1,775
- $1.05
PROPERTY LISTING DETAILS
1.512.560.5595
Austin Central Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 5246898
Last Updated: 01/20/2021
