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1916 Cantonata Drive Leander, TX 78641

3 Beds 3 Baths 1,964 sqft Built 2020

$303,905

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Built In 2020
  • Price/Sqft : $154.74
  • 30 Days on Market
  • MLS # : 7935401
  • Updated Date : 10/28/2020 at 17:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,964 sqft
  • Baths : 2 full , 1 half
Listing Agent

Austin Real Estate Experts

Listing Agent's Description

BRAND NEW ASHTON WOODS HOME! Available Feb 2021! Grand foyer entrance with great flow are easily observed in this new Cottage plan. Spacious kitchen has a modern look with designer backsplash, HUGE island, walk-in pantry, and stainless steel appliances. Luxurious master bath with HUGE walk-in shower. Hardwood flooring from entry through kitchen. Family and breakfast area accent the modern appeal throughout the home. Rear entry garage gives this home the curb appeal you've been looking for.

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

Zip Code: 78641

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $126k300k

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

Zip Code: 78641

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9371765

* 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
Bagdad Elementary School Primary Regular 553 53 3
Leander Middle School Middle Regular 862 63 6
Glenn High School High Unknown NA

Bagdad Elementary School

  • Education Level: Primary
  • # of students: 553
  • # of teachers: 53
3
GreatSchools Rating

Leander Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 63
6
GreatSchools Rating

Glenn High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$273,515$334,296$303,905

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 -$1,121
Property Tax -$737
Property Insurance -$138
HOA -$33
Property Management Fees -$147
CASH FLOW
-$336

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$303,905

PROJECTED PRICE

$1,840

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 3.00%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k

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$82,535

INVESTMENT

$82,535

Down Payment
$75,976
Rehab Estimate
$2,000
Closing Costs
$4,559

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,121

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,976
Loan Amount $227,929
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$66

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
  • $0.94

    LIST RENT PER SQFT
  • $1,856

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8203$1,8404$1,8955$2,100
$2,100
RENT COMPS ANALYSIS
  • 1916 Cantonata Drive Leander, TX 3
    • 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.94
    •  
  • 2021 Pitkin Dr Leander, TX 1
    • 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 2017
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 2100 Littleton Dr Leander, TX 2
    • 3 beds 2 baths ∙ 1,972 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,972 Sqft ∙ Built 2017
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.92
    •  
  • 1025 Kersey Dr Leander, TX 4
    • 4 beds 2 baths ∙ 2,048 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,048 Sqft ∙ Built 2017
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.93
    •  
  • 1005 Wolcott Dr Leander, TX 5
    • 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2016
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
PROPERTY LISTING DETAILS
Kent Zarbock
1.512.422.0766
Austin Real Estate Experts
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7935401
Last Updated: 10/28/2020
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