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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $210.16
- 4 Days on Market
- MLS # : 9468986
- Updated Date : 11/21/2020 at 17:17
CONSTRUCTION
- Beds : 3
- Floor Size : 1,280 sqft
- Baths : 2 full
Listing Agent
Square Move Realty, Llc
Listing Agent's Description
OPEN HOUSE: SAT 1-4 // Pulte home in highly sought after Preston Village. Single-story, open floor plan is a wonderful starter home and/or a great investment opportunity! Great location convenient to Apple, IBM, Dell, The Domain and La Frontera with easy access to toll roads. Acclaimed RRISD schools and SUPER LOW 1.9% tax rate! Preston Village neighborhood is community-friendly with HOA sponsored activities, community pool, two playgrounds, a walking park and basketball court. This home is a 3 minute walk to pool/playground, 7 minute bike ride to the elementary school and 10 minute drive to The Domain! *Excellent Location*
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: 78728
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78728
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$992 |
| Property Tax | -$529 | |
| Property Insurance | -$89 | |
| HOA | -$38 | |
| Property Management Fees | -$120 | |
|
CASH FLOW
-$269
|
||
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.
$269,000
PROJECTED PRICE
$1,500
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 7.8% |
| 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
$77,035
LOAN DETAILS
$992
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,250 |
| Loan Amount | $201,750 |
0.33
YEARS SAVED
$255
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$1.36
LIST RENT PER SQFT
-
$1,238
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
-
16024 Hampton Bliss Trace Austin, TX 3
- 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 2012
![property image]()
- Rent
- Rent Per SQFT
- $1,500
- $1.36
-
2203 Frontier Trail Round Rock, TX 1
- 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 1983
![property image]()
LEASED 06/30/19- Rent
- Rent Per SQFT
- $1,450
- $1.12
-
2303 Silver Spur Round Rock, TX 2
- 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 1981
![property image]()
LEASED 02/08/20- Rent
- Rent Per SQFT
- $1,495
- $1.13
PROPERTY LISTING DETAILS
1.512.806.0516
Square Move Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 9468986
Last Updated: 11/21/2020
