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16203 Glorious Lane Pflugerville, TX 78660

4 Beds 2 Baths 2,060 sqft Built 1994

$300,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $145.63
  • 3 Days on Market
  • MLS # : 3545505
  • Updated Date : 03/06/2021 at 16:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,060 sqft
  • Baths : 2 full
Listing Agent

Beacon Pointe Realty

Listing Agent's Description

Great home, great location. 4 bedroom, 2 bath home. 4th bedroom at front of home as dark hand scraped engineered floors and would be perfect office space. Carpet in bedrooms only. Really good layout.

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: North Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $116k298k

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

Neighborhood: North Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9371779

* 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
Caldwell Elementary School Primary Regular 667 47 6
Pflugerville Middle School Middle Regular 1,031 71 6
Pflugerville High School High Regular 2,256 143 7

Caldwell Elementary School

  • Education Level: Primary
  • # of students: 667
  • # of teachers: 47
6
GreatSchools Rating

Pflugerville Middle School

  • Education Level: Middle
  • # of students: 1,031
  • # of teachers: 71
6
GreatSchools Rating

Pflugerville High School

  • Education Level: High
  • # of students: 2,256
  • # of teachers: 143
7
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,042
Property Tax -$685
Property Insurance -$143
HOA -$11
Property Management Fees -$99
CASH FLOW
-$150

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.

$300,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,418

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,895

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7493$1,8004$1,8305$1,900
$1,900
RENT COMPS ANALYSIS
  • 16203 Glorious Lane Pflugerville, TX 4
    • 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.89
    •  
  • 1700 Cranston Cv Round Rock, TX 1
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1995
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 15535 Lady Lauras Crossing Pflugerville, TX 2
    • 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 1999
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.94
    •  
  • 16809 Constantinople Lane Round Rock, TX 3
    • 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 2000
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
  • 1135 Disraeli Circle Pflugerville, TX 5
    • 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 1995
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.95
    •  
PROPERTY LISTING DETAILS
Martha Kohlmorgan
Beacon Pointe Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3545505
Last Updated: 03/06/2021
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