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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78619
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$178,487
LOAN DETAILS
$2,313
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $166,498 |
| Loan Amount | $499,493 |
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
-
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
1.512.963.4092
Team Price Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 9194109
Last Updated: 01/19/2021
