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16016 Zagros Way Austin, TX 78738

4 Beds 3 Baths 3,000 sqft Built 2010

$700,000

List Price

$3,380

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $233.33
  • 4 Days on Market
  • MLS # : 5452203
  • Updated Date : 03/20/2021 at 18:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,000 sqft
  • Baths : 3 full
Listing Agent

Austin Investment & Relocation

Listing Agent's Description

Welcome to this beautiful, recently updated, well maintained family home in the sought after Falconhead community! You'll love this spacious, 3,000 sq ft, move-in ready, mostly one story, four bedroom plus an office home with large inviting patio, backing the greenbelt. It’s the perfect yard for kids, pets and dreaming up your perfect pool oasis. This open floor plan boasts tons of natural light, downstairs features engineered hardwood throughout, owner suite plus two bedrooms and an office. Upstairs you'll find game room, full bedroom and full bath. The kitchen is beautifully customized with neutral colors, stainless steel appliances and 9ft center island. The private east facing back porch is perfect for enjoying your coffee in the gentle morning sun. Enjoy star gazing at night. Fireplace upgraded to the dimplex electric, color changing for any mood.This home is just a quick drive to the Hill Country Galleria and amazing award winning schools. Within walking distance to the 145 acre Falconhead West Primitive Park, a 3+ mile hiking/biking trail with scenic views. Fridge, washer & dryer negotiable.Low 1.9% tax rate! Pre-Inspected! Transferrable home warranty available.

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: Falconhead West

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $136k621k

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

Neighborhood: Falconhead West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000320034003600Rent in $9973682

* 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
Bee Cave Elementary School Primary Regular 623 39 8
Lake Travis Middle School Middle Regular 1,066 64 10
Lake Travis High School High Regular 2,561 141 8

Bee Cave Elementary School

  • Education Level: Primary
  • # of students: 623
  • # of teachers: 39
8
GreatSchools Rating

Lake Travis Middle School

  • Education Level: Middle
  • # of students: 1,066
  • # of teachers: 64
10
GreatSchools Rating

Lake Travis High School

  • Education Level: High
  • # of students: 2,561
  • # of teachers: 141
8
GreatSchools Rating
 

$630,000$770,000$700,000

PURCHASE PRICE

$3,042$3,718$3,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,380
EXPENSES Loan Payment -$2,431
Property Tax -$1,377
Property Insurance -$196
HOA -$50
Property Management Fees -$99
CASH FLOW
-$773

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.

$700,000

PROJECTED PRICE

$3,380

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 4.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$357

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,380

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $3,563

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$3,380
1$3,3802$3,3953$3,4004$3,5005$3,600
$3,600
RENT COMPS ANALYSIS
  • 16016 Zagros Way Austin, TX 1
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $3,380
    • $1.13
    •  
  • 15505 Cinca Terra Drive Bee Cave, TX 2
    • 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 2015
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.17
    •  
  • 5013 Pyrenees Pass Austin, TX 3
    • 4 beds 4 baths ∙ 2,900 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,900 Sqft ∙ Built 2012
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.17
    •  
  • 4904 Pyrenees Pass Austin, TX 4
    • 4 beds 4 baths ∙ 2,811 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,811 Sqft ∙ Built 2012
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.25
    •  
  • 4712 Pyrenees Pass Austin, TX 5
    • 5 beds 3 baths ∙ 3,099 Sqft ∙ Built 2010 5 beds 3 baths ∙ 3,099 Sqft ∙ Built 2010
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.16
    •  
PROPERTY LISTING DETAILS
Michelle Adams
Austin Investment & Relocation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5452203
Last Updated: 03/20/2021
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