Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1809 Vanderhill Cove Cedar Park, TX 78613

4 Beds 3 Baths 2,876 sqft Built 1998

$285,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $99.10
  • 5 Days on Market
  • MLS # : 1743631
  • Updated Date : 02/25/2021 at 14:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,876 sqft
  • Baths : 2 full , 1 half
Listing Agent

Stanberry Realtors

Listing Agent's Description

SOLD AS IS. Needs paint, flooring, carpentry, and more. All 4 bedrooms upstairs, plus game room. Large pie shaped cul-de-sac lot. Community amenities and nearby parks, pools and shopping.

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

Neighborhood: Carriage Hills

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $126k316k

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

Neighborhood: Carriage Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9361992

* 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
Mason Elementary School Primary Regular 645 47 5
Running Brushy Middle School Middle Regular 1,282 80 6
Leander High School High Regular 2,090 135 7

Mason Elementary School

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 47
5
GreatSchools Rating

Running Brushy Middle School

  • Education Level: Middle
  • # of students: 1,282
  • # of teachers: 80
6
GreatSchools Rating

Leander High School

  • Education Level: High
  • # of students: 2,090
  • # of teachers: 135
7
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$990
Property Tax -$627
Property Insurance -$189
HOA -$10
Property Management Fees -$99
CASH FLOW
-$75

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.

$285,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 7.0%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$6,363

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,920

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,770
1$1,7702$1,8003$1,8404$1,8505$1,995
$1,995
RENT COMPS ANALYSIS
  • 1809 Vanderhill Cove Cedar Park, TX 3
    • 4 beds 3 baths ∙ 2,876 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,876 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.64
    •  
  • 1604 Lloydminister Way Cedar Park, TX 1
    • 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 1999
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.64
    •  
  • 1915 Carriage Club Drive Cedar Park, TX 2
    • 3 beds 3 baths ∙ 2,810 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,810 Sqft ∙ Built 2000
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.64
    •  
  • 1911 Continental Pass Cedar Park, TX 4
    • 3 beds 3 baths ∙ 2,676 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,676 Sqft ∙ Built 2001
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.69
    •  
  • 2000 Continental Pass Cedar Park, TX 5
    • 3 beds 3 baths ∙ 2,849 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,849 Sqft ∙ Built 1999
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.70
    •  
PROPERTY LISTING DETAILS
Laura Nye
Stanberry Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1743631
Last Updated: 02/25/2021
BESbswy