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20220 Merlin Falcon Trail Pflugerville, TX 78660

4 Beds 3 Baths 2,652 sqft Built 2012

$349,900

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $131.94
  • 2 Days on Market
  • MLS # : 5299762
  • Updated Date : 02/27/2021 at 13:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,652 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pure Realty

Listing Agent's Description

Perfect Floor Plan! All the spaces a family wants and needs! Main Bedroom and Study Down. Two Dining areas. Huge Game room and 3 bedrooms up. Freshly Painted. Wood Look vinyl Plank Floors. Large Yard. Very short walk to incredible neighborhood Lake. Tons of amenities in this neighborhood and close to lots of shopping and restaurants. Professional Photos not available yet.

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: 78660

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $116k298k

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

Zip Code: 78660

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9371780

* 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
Cele Middle School Middle Unknown 765 50 NA
Cele Middle School Middle Unknown NA

Cele Middle School

  • Education Level: Middle
  • # of students: 765
  • # of teachers: 50
NA
GreatSchools Rating

Cele Middle School

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

$314,910$384,890$349,900

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,215
Property Tax -$918
Property Insurance -$176
HOA -$40
Property Management Fees -$99
CASH FLOW
-$268

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.

$349,900

PROJECTED PRICE

$2,180

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 7.1%
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-$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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,016

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,440

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,180
1$2,1802$2,2003$2,3504$2,3505$2,695
$2,695
RENT COMPS ANALYSIS
  • 20220 Merlin Falcon Trail Pflugerville, TX 1
    • 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.82
    •  
  • 3612 Raven Caw Pass Pflugerville, TX 2
    • 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2011
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.84
    •  
  • 20128 Ploughshores Lane Pflugerville, TX 3
    • 5 beds 4 baths ∙ 2,491 Sqft ∙ Built 2016 5 beds 4 baths ∙ 2,491 Sqft ∙ Built 2016
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.94
    •  
  • 20005 Wirrall Street Pflugerville, TX 4
    • 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 2017
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.94
    •  
  • 3533 Tree Swallow Way Pflugerville, TX 5
    • 4 beds 4 baths ∙ 2,807 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,807 Sqft ∙ Built 2018
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.96
    •  
PROPERTY LISTING DETAILS
Jeff Kress
Pure Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5299762
Last Updated: 02/27/2021
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