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17705 Linkwood Drive Dripping Springs, TX 78620

4 Beds 3 Baths 2,200 sqft Built 2013

$379,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2013
  • Price/Sqft : $172.27
  • 10 Days on Market
  • MLS # : 5404230
  • Updated Date : 10/26/2020 at 21:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,200 sqft
  • Baths : 2 full , 1 half
Listing Agent

City View Realty

Listing Agent's Description

Fresh Paint, New Carpet, 4 bedrooms up 2.5 baths, Office down with doors, big den with eat in island kitchen (granite counters) nice views from owners retreat, 3 car garage, nice yard, fun neighborhood. Lake Travis ISD.

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: 78620

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $136k461k

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

Zip Code: 78620

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9972218

* 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
Bee Cave Elementary School Primary Regular 623 39 8
Lake Travis Middle School Middle Regular 1,066 64 10
Lake Travis High School High Regular 2,561 141 8

Bee Cave Elementary School

  • Education Level: Primary
  • # of students: 623
  • # of teachers: 39
8
GreatSchools Rating

Lake Travis Middle School

  • Education Level: Middle
  • # of students: 1,066
  • # of teachers: 64
10
GreatSchools Rating

Lake Travis High School

  • Education Level: High
  • # of students: 2,561
  • # of teachers: 141
8
GreatSchools Rating
 

$341,100$416,900$379,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,398
Property Tax -$658
Property Insurance -$151
HOA -$15
Property Management Fees -$187
CASH FLOW
-$70

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.

$379,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$106,185

INVESTMENT

$106,185

Down Payment
$94,750
Rehab Estimate
$5,750
Closing Costs
$5,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,750
Loan Amount $284,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$13,892

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,382

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,3004$2,3405$2,550
$2,550
RENT COMPS ANALYSIS
  • 17705 Linkwood Drive Dripping Springs, TX 4
    • 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $1.06
    •  
  • 17707 Linkwood Drive Dripping Springs, TX 1
    • 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 2013
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.09
    •  
  • 10045 W Cave Loop Dripping Springs, TX 2
    • 3 beds 3 baths ∙ 2,078 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,078 Sqft ∙ Built 2000
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.06
    •  
  • 17707 Linkhill Drive Dripping Springs, TX 3
    • 3 beds 2 baths ∙ 2,137 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,137 Sqft ∙ Built 2011
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.08
    •  
  • 17808 Linkview Drive Dripping Springs, TX 5
    • 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2013
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.10
    •  
PROPERTY LISTING DETAILS
Trey Angly
1.512.913.0411
City View Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5404230
Last Updated: 10/26/2020
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