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17901 Crimson Apple Way Pflugerville, TX 78660

3 Beds 2 Baths 1,870 sqft Built 2014

$325,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $173.80
  • 4 Days on Market
  • MLS # : 6434112
  • Updated Date : 03/05/2021 at 20:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,870 sqft
  • Baths : 2 full
Listing Agent

Gaston & Sheehan Realty

Listing Agent's Description

Soaring ceilings and big open spaces. Great home for entertaining as kitchen and living area flow together. The MIL plan is great and the master is tucked away in the back for privacy. There is a dedicated office with French doors that can be private for working. The Formal Dining can be a 2nd living, office or playroom. No wasted space in this home. Open on Sat 1-3 March 6 for the public viewing.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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.

PRICE & RENT TRENDS

Neighborhood: Falcon Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $116k410k

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

Neighborhood: Falcon Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9942157

* 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
Murchison Elementary School Primary Regular 710 44 8
Kelly Lane Middle School Middle Regular 1,071 65 8
Hendrickson High School High Regular 2,771 160 8

Murchison Elementary School

  • Education Level: Primary
  • # of students: 710
  • # of teachers: 44
8
GreatSchools Rating

Kelly Lane Middle School

  • Education Level: Middle
  • # of students: 1,071
  • # of teachers: 65
8
GreatSchools Rating

Hendrickson High School

  • Education Level: High
  • # of students: 2,771
  • # of teachers: 160
8
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,129
Property Tax -$816
Property Insurance -$132
HOA -$64
Property Management Fees -$99
CASH FLOW
-$330

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.

$325,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.9%
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-$8.0k-$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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$232

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,912

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8003$1,8954$1,9105$2,150
$2,150
RENT COMPS ANALYSIS
  • 17901 Crimson Apple Way Pflugerville, TX 4
    • 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $1.02
    •  
  • 3000 Grand Mission Way Pflugerville, TX 1
    • 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 2010
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.99
    •  
  • 18011 Pomelo Lane #b Pflugerville, TX 2
    • 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 2018
    property image
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.94
    •  
  • 18021 Crimson Apple Way Pflugerville, TX 3
    • 3 beds 2 baths ∙ 1,723 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,723 Sqft ∙ Built 2014
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.10
    •  
  • 17916 Crimson Apple Way Pflugerville, TX 5
    • 3 beds 2 baths ∙ 2,023 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,023 Sqft ∙ Built 2014
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.06
    •  
PROPERTY LISTING DETAILS
Alex Heatherley
Gaston & Sheehan Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6434112
Last Updated: 03/05/2021
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