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16904 Cactus Blossom Drive Pflugerville, TX 78660

3 Beds 2 Baths 1,458 sqft Built 1996

$269,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $184.50
  • 4 Days on Market
  • MLS # : 5484203
  • Updated Date : 01/09/2021 at 15:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,458 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Multiple offers received. Deadline, Sunday at 9PM. Please submit your highest and best. Review will be Monday. This 1 story beauty with updates containing a great backyard and location is a must see! Features include a wonderful outdoor living space with a large, partially covered deck overlooking a backyard with no neighbors and a gate leading to an amazing greenspace/hike and bike trail and creek! Bright open living space with a shiplap feature wall flows into a completely remodeled kitchen with new SS appliances with gas range, farmhouse sink and granite countertops. Easy to maintain laminate wood floors throughout; no carpet, updated guest bathroom, upgraded light fixtures and fresh exterior/interior paint. Enjoy several great parks within easy walking distance plus a community pool, tennis courts, club house and all this community has to offer!

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Heatherwilde

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $111k410k

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

Neighborhood: Heatherwilde

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9202157

* 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
Windermere Elementary School Primary Regular 447 34 6
Pflugerville Middle School Middle Regular 1,031 71 6
Pflugerville High School High Regular 2,256 143 7

Windermere Elementary School

  • Education Level: Primary
  • # of students: 447
  • # of teachers: 34
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
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$934
Property Tax -$614
Property Insurance -$109
HOA -$22
Property Management Fees -$99
CASH FLOW
-$248

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

$1,530

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 9.1%
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

PROJECTED ANNUAL CASH FLOW

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

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$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$934

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$534

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,556

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,530
1$1,5302$1,5453$1,6004$1,6505$1,740
$1,740
RENT COMPS ANALYSIS
  • 16904 Cactus Blossom Drive Pflugerville, TX 1
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $1.05
    •  
  • 1109 Laurelleaf Dr Pflugerville, TX 2
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1994
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.03
    •  
  • 1604 Black Willow St Pflugerville, TX 3
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1996
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.10
    •  
  • 16801 Gravesend Rd Pflugerville, TX 4
    • 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1988
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.06
    •  
  • 602 Bellemeade Boulevard Pflugerville, TX 5
    • 4 beds 2 baths ∙ 1,608 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,608 Sqft ∙ Built 2001
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.08
    •  
PROPERTY LISTING DETAILS
Crystal Lopez
1.512.621.8211
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5484203
Last Updated: 01/09/2021
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