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1808 Oaklawn Drive Taylor, TX 76574

3 Beds 3 Baths 1,806 sqft Built 1987

$239,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $132.83
  • 7 Days on Market
  • MLS # : 9104936
  • Updated Date : 11/20/2020 at 16:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,806 sqft
  • Baths : 2 full , 1 half
Listing Agent

Hamby Realty

Listing Agent's Description

****MULTIPLE OFFERS**** BEST AND FINAL BY 5PM ON 11/20****Relax on the back deck and watch fall blow in in this serene back yard with huge trees and lots of sunshine. This house is in a quiet neighborhood and an ideal location with schools close by. Updates include: remodeled back porch - 440 sq feet. new roll roofing, paint and ceiling fan. New blue tooth rain bird control panel to sprinkler system. Removed popcorn from downstairs ceilings, textured and painted. new LED kitchen panel lights, new interior paint downstairs, Resurface and finished kitchen cabinets and island (epoxy countertops). New garbage disposal, Office in garage was textured and painted, walls and ceiling with new entry door added to access downstairs bathroom, and other side of the garage. Refinished fireplace and mantle, Repainted and resurfaced master bath and cabinets with LED light fixture, Custom built Murphy bed in 3rd bedroom, built kitchen window seat with storage and doggie door. Get ready for Winter in the gas assisted wood burning fireplace!! THIS HOUSE IS A MUST SEE!!!

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

Zip Code: 76574

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k298k

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

Zip Code: 76574

ZipNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6711723

* 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
T H Johnson Elementary School Primary Regular 466 30 5
Taylor Middle School Middle Regular 710 54 3
Taylor High School High Regular 967 83 3

T H Johnson Elementary School

  • Education Level: Primary
  • # of students: 466
  • # of teachers: 30
5
GreatSchools Rating

Taylor Middle School

  • Education Level: Middle
  • # of students: 710
  • # of teachers: 54
3
GreatSchools Rating

Taylor High School

  • Education Level: High
  • # of students: 967
  • # of teachers: 83
3
GreatSchools Rating
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$885
Property Tax -$600
Property Insurance -$129
Property Management Fees -$129
CASH FLOW
-$133

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$239,900

PROJECTED PRICE

$1,610

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.13%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,324

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,652

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,4953$1,5004$1,6105$1,775
$1,775
RENT COMPS ANALYSIS
  • 1808 Oaklawn Drive Taylor, TX 4
    • 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.89
    •  
  • 2805 Tyler Lane Taylor, TX 1
    • 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2004
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.84
    •  
  • 4200 Big Bend Trl Taylor, TX 2
    • 3 beds 3 baths ∙ 1,689 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,689 Sqft ∙ Built 2004
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.89
    •  
  • 2005 Canvas Back Drive Taylor, TX 3
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2009
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.85
    •  
  • 2806 Zachary Lane Taylor, TX 5
    • 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 2003
    property image
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.08
    •  
PROPERTY LISTING DETAILS
Tim Hamby
1.512.657.3689
Hamby Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9104936
Last Updated: 11/20/2020
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