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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $296.00
- 4 Days on Market
- MLS # : 9831149
- Updated Date : 01/16/2021 at 23:11
CONSTRUCTION
- Beds : 3
- Floor Size : 1,250 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Pristine cozy home with NO HOA on 2 lots with tons of privacy! TWO LOTS FOR THE PRICE OF ONE!!! The side lot is 0.221 acres and is perfect for a second home or guest/rental house. Very well kept with modern design. Features include hard tile floors, granite counters, travertine in baths, high ceilings, an open floor plan, and professional landscaping. Carport built off garage area for boat/RV parking. 2 storage sheds, larger one located in the back yard that is decked out with power perfect for an office or he/she-shed. HUGE garden with a high fence & massive trees around the entire property. Walking distance to community park with lakes/volleyball courts/playgrounds. Feeds into highly acclaimed Lake Travis ISD. Hurry before this great home gets away!
SEE MORE
- #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: Valley Lake Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Valley Lake Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$1,285 |
| Property Tax | -$643 | |
| Property Insurance | -$97 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$374
|
||
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.
$370,000
PROJECTED PRICE
$1,750
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 6.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.80% |
| 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
$103,800
LOAN DETAILS
$1,285
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,500 |
| Loan Amount | $277,500 |
0.5
YEARS SAVED
$639
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$1.4
LIST RENT PER SQFT
-
$1,750
COMP ESTIMATED VALUE -
$1.4
COMP AVG. RENT PER SQFT
Comps Range
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- 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $1,750
- $1.40
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10526 Lake Park Drive Dripping Springs, TX 1
- 3 beds 2 baths ∙ 1,226 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,226 Sqft ∙ Built 2005
LEASED 11/06/20- Rent
- Rent Per SQFT
- $1,700
- $1.39
-
10217 Longhorn Skyway Dripping Springs, TX 3
- 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 2004
LEASED 10/15/20- Rent
- Rent Per SQFT
- $1,800
- $1.48
-
10126 Longhorn Skyway Dripping Springs, TX 4
- 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 2004
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,850
- $1.35
-
10052 Janet Loop Dripping Springs, TX 5
- 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 2007
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,950
- $1.38
PROPERTY LISTING DETAILS
1.512.853.9742
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 9831149
Last Updated: 01/16/2021
