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20224 Clare Island Bnd Pflugerville, TX 78660

4 Beds 3 Baths 2,428 sqft Built 2020

INVESTimate

$335,878

List Price

$2,200

$1,980 - $2,420

Rent Est.

$359,692  ( +7.09%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $138.34
  • 2 Days on Market
  • MLS # : 2499951
  • Updated Date : 08/25/2020 at 14:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,428 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century Communities - Crotx

Listing Agent's Description

Open-concept 4/2.5/2 with formal dining. Kitchen features dark maple cabinets & sparkling white quartz counters, & unique glass and stone mosaic backsplash. Wood-look tile on the 1st floor in all common areas. Main floor owner's suite w/bay window, features a walk-in closet and private bath w/walk-in shower. Game room and 3 additional bedrooms up. Home includes covered patio and gas line drop for future outdoor kitchen. Amazing community amenities! Cypress plan, elevation C

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
Rowe Lane Elementary School Primary Regular 801 49 9
Cele Middle School Middle Unknown 765 50 NA

Rowe Lane Elementary School

  • Education Level: Primary
  • # of students: 801
  • # of teachers: 49
9
GreatSchools Rating

Cele Middle School

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

$302,290$369,466$335,878

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,239
Property Tax -$768
Property Insurance -$164
HOA -$41
Property Management Fees -$176
CASH FLOW
-$188

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.

$335,878

PROJECTED PRICE

$2,200

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 7.09%
Maintenance Year (1-5) 3.00%
Vacancy 6.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,008

INVESTMENT

$91,008

Down Payment
$83,970
Rehab Estimate
$2,000
Closing Costs
$5,038

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,239

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,970
Loan Amount $251,909
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,942

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,191

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1503$2,2004$2,2005$2,350
$2,350
RENT COMPS ANALYSIS
  • 20224 Clare Island Bnd Pflugerville, 4
    • 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
  • 20409 Horned Owl Trl Pflugerville, 1
    • 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 2014
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
  • 3813 Lunet Ring Way Pflugerville, 2
    • 3 beds 3 baths ∙ 2,484 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,484 Sqft ∙ Built 2016
    property image
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.87
    •  
  • 2924 Pedernales Falls Dr Pflugerville, 3
    • 4 beds 2 baths ∙ 2,390 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,390 Sqft ∙ Built 2007
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.92
    •  
  • 3417 Brown Dipper Dr Pflugerville, 5
    • 4 beds 3 baths ∙ 2,599 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,599 Sqft ∙ Built 2016
    property image
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.90
    •  
PROPERTY LISTING DETAILS
G. Michael Peccon
1.512.799.7684
Century Communities - Crotx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 2499951
Last Updated: 08/25/2020
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