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2017 Boyds Way Way Austin, TX 78748

4 Beds 3 Baths 2,444 sqft Built 2006

$375,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $153.44
  • 4 Days on Market
  • MLS # : 5060405
  • Updated Date : 02/27/2021 at 03:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,444 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pure Gold Realty

Listing Agent's Description

Great home in South Austin! This home gives you 2,444sqft in size, with 2 rooms Down and 2 rooms up (which is not common) The home was very well maintained and saw after by the owners. The upstairs living area gives you some separation while keeping everyone under one roof. Some of the extra features include New Roof December 2020, Alarm system, Sprinkler system, 2” blinds on all windows, 9ft Ceilings downstairs, Ceiling fans in all rooms, Garage door opener and some extra storage space built in garage.

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: The Reserve at Slaughter Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $111k410k

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

Neighborhood: The Reserve at Slaughter Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9972157

* 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
Kocurek Elementary School Primary Regular 539 35 4
Bailey Middle School Middle Regular 917 58 6
Akins High School High Regular 2,667 155 4

Kocurek Elementary School

  • Education Level: Primary
  • # of students: 539
  • # of teachers: 35
4
GreatSchools Rating

Bailey Middle School

  • Education Level: Middle
  • # of students: 917
  • # of teachers: 58
6
GreatSchools Rating

Akins High School

  • Education Level: High
  • # of students: 2,667
  • # of teachers: 155
4
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,303
Property Tax -$737
Property Insurance -$165
HOA -$62
Property Management Fees -$99
CASH FLOW
-$345

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.

$375,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.80%
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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$758

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,114

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,0204$2,0955$2,200
$2,200
RENT COMPS ANALYSIS
  • 2017 Boyds Way Way Austin, TX 3
    • 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.83
    •  
  • 2304 Oak Valley Drive Austin, TX 1
    • 3 beds 2 baths ∙ 2,293 Sqft ∙ Built 1958 3 beds 2 baths ∙ 2,293 Sqft ∙ Built 1958
    property image
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.87
    •  
  • 2916 Lynnbrook Dr Austin, TX 2
    • 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 2005
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.82
    •  
  • 10709 Dinah Dr Austin, TX 4
    • 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 2013
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.87
    •  
  • 2113 Boyds Way Austin, TX 5
    • 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2006
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.90
    •  
PROPERTY LISTING DETAILS
Erasmo Montiel
Pure Gold Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5060405
Last Updated: 02/27/2021
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