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17913 Betterman Cove Pflugerville, TX 78660

3 Beds 3 Baths 2,946 sqft Built 1998

$310,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $105.23
  • 3 Days on Market
  • MLS # : 1869057
  • Updated Date : 01/23/2021 at 02:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,946 sqft
  • Baths : 2 full , 1 half
Listing Agent

Classic Realty

Listing Agent's Description

Wonderful Home on friendly Cul-de-sac. The nearby hike and bike paths lead you to downtown activities and parks. This home has 2 massive living rooms and a huge kitchen, laundry, and half guest bath on the main floor. The second level has 2 big bedrooms with awesome oversized closits. The upstairs living room is a large TV/Gameroom or makes it an additional bedroom! The spacious master bedroom has bright windows overlooking the fabulous backyard and double deck. The master bathroom is bright and large with a supersized walk-in closet and a peaceful garden tub. You will have fun making this great Big Home perfect with your personal touches.

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: Springbrook One

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $116k298k

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

Neighborhood: Springbrook One

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9371779

* 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
Windermere Elementary School Primary Regular 447 34 6
Park Crest Middle School Middle Regular 940 66 7
Pflugerville High School High Regular 2,256 143 7

Windermere Elementary School

  • Education Level: Primary
  • # of students: 447
  • # of teachers: 34
6
GreatSchools Rating

Park Crest Middle School

  • Education Level: Middle
  • # of students: 940
  • # of teachers: 66
7
GreatSchools Rating

Pflugerville High School

  • Education Level: High
  • # of students: 2,256
  • # of teachers: 143
7
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,077
Property Tax -$708
Property Insurance -$193
HOA -$50
Property Management Fees -$99
CASH FLOW
-$256

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.

$310,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$787

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $2,128

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8703$1,8954$2,2955$2,350
$2,350
RENT COMPS ANALYSIS
  • 17913 Betterman Cove Pflugerville, TX 2
    • 3 beds 3 baths ∙ 2,946 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,946 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.63
    •  
  • 17728 Kessler Drive Pflugerville, TX 1
    • 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 1999
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.67
    •  
  • 18116 Gantry Dr Pflugerville, TX 3
    • 4 beds 3 baths ∙ 2,759 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,759 Sqft ∙ Built 2001
    property image
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.69
    •  
  • 18404 Star Gazer Way Pflugerville, TX 4
    • 4 beds 3 baths ∙ 3,010 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,010 Sqft ∙ Built 2014
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.76
    •  
  • 616 Timothy John Drive Pflugerville, TX 5
    • 4 beds 3 baths ∙ 3,047 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,047 Sqft ∙ Built 2005
    property image
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.77
    •  
PROPERTY LISTING DETAILS
Ronda Gindin
1.512.584.4568
Classic Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1869057
Last Updated: 01/23/2021
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