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1900 Rampart Circle Austin, TX 78727

3 Beds 2 Baths 1,769 sqft Built 1981

$250,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1981
  • Price/Sqft : $141.32
  • 3 Days on Market
  • MLS # : 4529607
  • Updated Date : 11/07/2020 at 17:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,769 sqft
  • Baths : 2 full
Listing Agent

Realty Austin

Listing Agent's Description

Cash Buyers. Prime Investment Opportunity Along North Austin’s Tech Corridor at an Incredible Price That Won’t Last. A great floorplan with abundant opportunities awaits the next owner of this 3/2 + a den/office on a corner lot in a cul-de-sac in need of a significant makeover and some foundation work. This flip/ rehab opportunity sits in a prime real estate location. Located less than 3.5 miles from the -Apple Campus and the New FC Soccer Stadium, -Less than 3 miles from the Domain, Dell and the ACC Northridge Campus. Quote for $9,180 in Foundation Repair

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: Lamplight Village

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $125k378k

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

Neighborhood: Lamplight Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9371966

* 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
Parmer Lane Elementary School Primary Regular 439 35 6
Westview Middle School Middle Regular 863 63 4
Connally High School High Regular 1,934 138 4

Parmer Lane Elementary School

  • Education Level: Primary
  • # of students: 439
  • # of teachers: 35
6
GreatSchools Rating

Westview Middle School

  • Education Level: Middle
  • # of students: 863
  • # of teachers: 63
4
GreatSchools Rating

Connally High School

  • Education Level: High
  • # of students: 1,934
  • # of teachers: 138
4
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$922
Property Tax -$552
Property Insurance -$127
Property Management Fees -$152
CASH FLOW
$147

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.

$250,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 9.8%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$25,612

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,911

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7503$1,9004$2,000
$2,000
RENT COMPS ANALYSIS
  • 1900 Rampart Circle Austin, TX 3
    • 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.07
    •  
  • 2105 Singletree Ave Austin, TX 1
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1977
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.09
    •  
  • 1905 Mirabeau Street Austin, TX 2
    • 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1981
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
  • 12903 Powderhorn Street Austin, TX 4
    • 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1979
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.17
    •  
PROPERTY LISTING DETAILS
Heidi Binder
1.512.900.0145
Realty Austin
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 4529607
Last Updated: 11/07/2020
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