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16944 Aventura Ave Pflugerville, TX 78660

4 Beds 3 Baths 2,461 sqft Built 2020

INVESTimate

$365,305

List Price

$2,230

$2,007 - $2,453

Rent Est.

$391,205  ( +7.09%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $148.44
  • 2 Days on Market
  • MLS # : 7991286
  • Updated Date : 08/25/2020 at 16:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,461 sqft
  • Baths : 3 full
Listing Agent

D.r. Horton, America's Builder

Listing Agent's Description

UNDER CONSTRUCTION - ESTIMATED COMPLETION IN FEB/MAR 2021. THIS BEAUTIFUL HOME HAS SOARING VAULTED CEILINGS IN THE KITCHEN & FAMILY, AN OPEN DESIGN WITH KITCHEN ISLAND OPEN TO FAMILY AND DINING, A LARGE LAUNDRY ROOM, OVERSIZED CLOSET IN THE MASTER, LARGE WALK IN SHOWER, A 4TH BEDROOM/ FULL BATH AND LOFT UPSTAIRS, COVERED PATIO, AN OUTSTANDING TECHNOLOGY PACKAGE & MUCH MORE!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Zip Code: 78660

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $116k298k

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

Zip Code: 78660

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9371780

* 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
Cele Middle School Middle Unknown 765 50 NA

Cele Middle School

  • Education Level: Middle
  • # of students: 765
  • # of teachers: 50
NA
GreatSchools Rating
 

$328,775$401,836$365,305

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,348
Property Tax -$835
Property Insurance -$166
HOA -$65
Property Management Fees -$178
CASH FLOW
-$362

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.

$365,305

PROJECTED PRICE

$2,230

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 7.09%
Maintenance Year (1-5) 3.00%
Vacancy 6.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,806

INVESTMENT

$98,806

Down Payment
$91,326
Rehab Estimate
$2,000
Closing Costs
$5,480

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,348

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,326
Loan Amount $273,979
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$239

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,227

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,1204$2,1955$2,230
$2,230
RENT COMPS ANALYSIS
  • 16944 Aventura Ave Pflugerville, 5
    • 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.91
    •  
  • 18405 Cercina Trl Pflugerville, 1
    • 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2019
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 18412 Cercina Trl Pflugerville, 2
    • 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2019
    property image
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
  • 16821 Aventura Ave Pflugerville, 3
    • 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2019
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.93
    •  
  • 16421 Pallazo Dr Pflugerville, 4
    • 4 beds 3 baths ∙ 2,449 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,449 Sqft ∙ Built 2015
    property image
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.90
    •  
PROPERTY LISTING DETAILS
Dave Clinton
1.512.270.6196
D.r. Horton, America's Builder
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7991286
Last Updated: 08/25/2020
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