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1586 Nature View Loop Driftwood, TX 78619

4 Beds 3 Baths 2,829 sqft Built 2020

$650,830

List Price

$3,100

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $230.06
  • 7 Days on Market
  • MLS # : 7659613
  • Updated Date : 11/30/2020 at 16:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,829 sqft
  • Baths : 3 full
Listing Agent

Team Price Real Estate

Listing Agent's Description

Buffington Homes San Saba plan. Our buyers tell us they love this one story home! Open concept living area but with privacy at bedrooms is a perfect mix in this 2829 sqft home. 4 bedrooms with 3 full baths, PLUS a gameroom that’s perfect for the kiddos or a movie-night media room. Soaring 10’ ceilings and 8’ doors throughout the home add to the spacious feel of this home. Family room flows out onto the extended covered patio featuring an outdoor stone fireplace perfect for inside-out entertaining. 12’ sliding glass doors open you up to the outdoor living space and provide wonderful views to the backyard from the inside. The family room, kitchen and breakfast area flow together with plenty of room for family and friends. Extensive wood-look tile at the main flooring areas that gives the look of wood flooring with the durability of tile. Chef’s kitchen boasts Valle Nevado granite countertops over white cabinets and a stainless built-in Whirlpool appliance package. A raised bartop for additional seating (with pendant lighting) overlooks the kitchen, and a food-prep center-island completes the package. Owner’s retreat is something special to escape to… A beautiful bay window area looks 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 a deep soaking corner tub and a shower that includes a seating area. Includes calming Snowdrift White cabinets with quartz countertops. Located on a large 1.5 acre homesite with plenty of room to roam. Exterior of the home features brick, stone and stucco 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 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.
  • 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)

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
 

$585,747$715,913$650,830

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$2,401
Property Tax -$1,118
Property Insurance -$186
HOA -$45
Property Management Fees -$99
CASH FLOW
-$750

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.

$650,830

PROJECTED PRICE

$3,100

PROJECTED RENT

0.48%

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$174,470

INVESTMENT

$174,470

Down Payment
$162,708
Rehab Estimate
$2,000
Closing Costs
$9,762

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,401

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,708
Loan Amount $488,123
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$712

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,100

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $3,084

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,100
$3,100
RENT COMPS ANALYSIS
  • 1586 Nature View Loop Driftwood, TX 2
    • 4 beds 3 baths ∙ 2,829 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,829 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.10
    •  
  • 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
    property image
    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 #: 7659613
Last Updated: 11/30/2020
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