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1568 Nature View Loop Driftwood, TX 78619

4 Beds 3 Baths 2,731 sqft Built 2020

$665,990

List Price

$2,980

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $243.86
  • 6 Days on Market
  • MLS # : 9194109
  • Updated Date : 01/19/2021 at 14:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,731 sqft
  • Baths : 2 full , 1 half
Listing Agent

Team Price Real Estate

Listing Agent's Description

Our buyers tell us they love this one story with bonus room Lavaca floorplan - estimated for a Summer move-in! Open concept living area but w/privacy at bedrooms is a perfect mix in this 2731 sqft home. 4 bedrooms w/2 full baths + a flex study/formal dining room downstairs, PLUS a “Texas Basement” gameroom + powder bath upstairs that’s a perfect spot for the kiddos or a movie-night media room. Soaring 10’ ceilings & 8’ doors at 1st floor add to the spacious feel of this home. Family room flows into the breakfast/kitchen area that extends out to a large covered patio, perfect for inside-out entertaining. Family room windows open you up to the outdoors & provide wonderful views to the backyard from the inside. The family room, kitchen & breakfast area flow together w/plenty of room for family & friends. Extensive 8”x36” Mercato Grey tile at the main flooring areas of this home. Chef’s kitchen boasts “Blanco Maple” Quartz countertops over Grey Wolf cabinetry & a stainless built-in Whirlpool appliance package. A raised bartop w/additional seating (& pendant lighting) overlooks the kitchen, & a food-prep center-island completes the package. Owner’s retreat is something special to escape to… Beautiful windows look out to the backyard and accent tray ceilings add to the spacious feel of the room. The owner’s bath lives like a spa with an extended, custom Euro shower that includes a seating area, partial glass walls and dual shower heads. (note: no garden tub with Euro shower option) Includes calming Snowdrift White cabinets with “Blanco Maple” quartz countertops and dual undermount sinks. Located on a large 1.5 acre homesite with plenty of room to roam. Exterior of the home features stone/stucco, covered front porch (with metal roof) and includes a 3-car garage to hold all the toys. Section 5 of Rutherford West is the last section! It’s your final chance to be a part of this wonderful acreage community.

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

Zip Code: 78619

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $136k585k

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

Zip Code: 78619

ZipNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9972572

* 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
Carpenter Hill Elementary School Primary Regular 612 37 7
Dahlstrom Middle School Middle Regular 946 45 7
Hays High School High Regular 2,409 121 6

Carpenter Hill Elementary School

  • Education Level: Primary
  • # of students: 612
  • # of teachers: 37
7
GreatSchools Rating

Dahlstrom Middle School

  • Education Level: Middle
  • # of students: 946
  • # of teachers: 45
7
GreatSchools Rating

Hays High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 121
6
GreatSchools Rating
 

$599,391$732,589$665,990

PURCHASE PRICE

$2,682$3,278$2,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,980
EXPENSES Loan Payment -$2,313
Property Tax -$1,145
Property Insurance -$181
HOA -$45
Property Management Fees -$99
CASH FLOW
-$802

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$665,990

PROJECTED PRICE

$2,980

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 3.00%
Vacancy 6.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,487

INVESTMENT

$178,487

Down Payment
$166,498
Rehab Estimate
$2,000
Closing Costs
$9,990

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,313

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $166,498
Loan Amount $499,493
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$188

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,980

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,977

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,980
$2,980
RENT COMPS ANALYSIS
  • 1568 Nature View Loop Driftwood, TX 2
    • 4 beds 3 baths ∙ 2,731 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,731 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,980
    • $1.09
    •  
  • 16351 Fm 150 W Driftwood, TX 1
    • 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 1975
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.09
    •  
PROPERTY LISTING DETAILS
Earl Price
1.512.963.4092
Team Price Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9194109
Last Updated: 01/19/2021
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