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1736 Turtle Bay Loop Leander, TX 78641

4 Beds 4 Baths 2,421 sqft Built 2020

$377,104

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $155.76
  • 109 Days on Market
  • MLS # : 8726497
  • Updated Date : 12/24/2020 at 02:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,421 sqft
  • Baths : 3 full , 1 half
Listing Agent

Century Communities - Crotx

Listing Agent's Description

Open-concept 4/3.5/2 home with junior suite & full private bath on 1st floor; game room up. Kitchen features 42" light brown cabinets, white quartz counters, upgraded tile backsplash & central island. Upstairs you find 2 more secondary beds, full hall bath & laundry room, and spacious owner’s suite–w/private bath & over-sized walk-in closet. Home also includes an extended front driveway, 8' mahogany front door, & covered patio. Within walking distance from amazing amenities. Chestnut plan, elevation AFEMA - Unknown Restrictions: Yes Sprinkler Sys:Yes

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: 78641

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $126k300k

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

Zip Code: 78641

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9371765

* 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
Pleasant Hill Elementary School Primary Regular 844 59 4
Wiley Middle School Middle Regular 967 63 8
Rouse High School High Regular 2,336 140 7

Pleasant Hill Elementary School

  • Education Level: Primary
  • # of students: 844
  • # of teachers: 59
4
GreatSchools Rating

Wiley Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 63
8
GreatSchools Rating

Rouse High School

  • Education Level: High
  • # of students: 2,336
  • # of teachers: 140
7
GreatSchools Rating
 

$339,394$414,814$377,104

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,391
Property Tax -$914
Property Insurance -$163
HOA -$65
Property Management Fees -$99
CASH FLOW
-$353

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.

$377,104

PROJECTED PRICE

$2,280

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 3.00%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,933

INVESTMENT

$101,933

Down Payment
$94,276
Rehab Estimate
$2,000
Closing Costs
$5,657

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,391

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,276
Loan Amount $282,828
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$922

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,270

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2503$2,2804$2,4855$2,515
$2,515
RENT COMPS ANALYSIS
  • 1736 Turtle Bay Loop Leander, TX 3
    • 4 beds 4 baths ∙ 2,421 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,421 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $0.94
    •  
  • 1925 Turtle Bay Loop Leander, TX 1
    • 4 beds 4 baths ∙ 2,460 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,460 Sqft ∙ Built 2019
    property image
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.89
    •  
  • 1912 Turtle Bay Loop Leander, TX 2
    • 4 beds 4 baths ∙ 2,526 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,526 Sqft ∙ Built 2019
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.89
    •  
  • 1664 Turtle Bay Loop Leander, TX 4
    • 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 2020
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,485
    • $0.97
    •  
  • 1672 Turtle Bay Loop Leander, TX 5
    • 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2020
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,515
    • $1.00
    •  
PROPERTY LISTING DETAILS
G. Michael Peccon
1.512.799.7684
Century Communities - Crotx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8726497
Last Updated: 12/24/2020
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