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1805 Merino Lane Pflugerville, TX 78660

4 Beds 3 Baths 2,490 sqft Built 2018

$349,990

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $140.56
  • 3 Days on Market
  • MLS # : 5767314
  • Updated Date : 12/05/2020 at 00:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,490 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Texas Llc

Listing Agent's Description

Beautiful 2 year old home on oversized lot. 2 story 4 bedroom 2.5 bath with master and study down. No neighbors behind, huge backyard big enough for a pool. Open Kitchen with granite countertop. Private road.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 78660

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $116k298k

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

Zip Code: 78660

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9371780

* 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
Dearing Elementary School Primary Unknown NA
Kelly Lane Middle School Middle Regular 1,071 65 8
Hendrickson High School High Regular 2,771 160 8

Dearing Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$314,991$384,989$349,990

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,291
Property Tax -$850
Property Insurance -$167
HOA -$40
Property Management Fees -$99
CASH FLOW
-$328

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.

$349,990

PROJECTED PRICE

$2,120

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 7.1%
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-$10k-$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$98,497

INVESTMENT

$98,497

Down Payment
$87,498
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,498
Loan Amount $262,493
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$876

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,117

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0753$2,1204$2,250
$2,250
RENT COMPS ANALYSIS
  • 1805 Merino Lane Pflugerville, TX 3
    • 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.85
    •  
  • 1905 Steeds Crossing Pflugerville, TX 1
    • 4 beds 3 baths ∙ 2,347 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,347 Sqft ∙ Built 1996
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
  • 21624 Urraca Lane Pflugerville, TX 2
    • 4 beds 3 baths ∙ 2,448 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,448 Sqft ∙ Built 2018
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.85
    •  
  • 2300 Dovetail St Pflugerville, TX 4
    • 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2011
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.89
    •  
PROPERTY LISTING DETAILS
Kaitlin Mcwhorter
1.908.672.6007
Realty Texas Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5767314
Last Updated: 12/05/2020
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