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2024 Boyds Way Austin, TX 78748

4 Beds 3 Baths 1,846 sqft Built 2005

$332,900

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $180.34
  • 3 Days on Market
  • MLS # : 8431981
  • Updated Date : 11/06/2020 at 22:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,846 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Texas Llc

Listing Agent's Description

Showings to begin at 2PM Friday, and Open House from 2-4PM on Saturday and Sunday. Amazing South Austin home with updates galore! Solar panels installed 2 years ago. Negative electric bills in the cooler months that will give you credits for your summertime bills. Great kitchen with Stainless appliances, the gas stove with double ovens is amazing for the Holidays and get togethers with family and friends. Kitchen cabinets have lights under and over with recessed lighting throughout the home. Tons of extra storage. 4th bedroom downstairs can be office/study, game room… Large backyard with firepit and outbuilding that has electric. Park and greenbelt with hike and bike trails just around the corner, and close to everything that South Austin has to offer.

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
 

$299,610$366,190$332,900

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,228
Property Tax -$655
Property Insurance -$131
HOA -$28
Property Management Fees -$149
CASH FLOW
-$330

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.

$332,900

PROJECTED PRICE

$1,860

PROJECTED RENT

0.56%

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-$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$93,969

INVESTMENT

$93,969

Down Payment
$83,225
Rehab Estimate
$5,750
Closing Costs
$4,994

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,228

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,225
Loan Amount $249,675
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$373

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,906

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8503$1,8504$1,8605$1,895
$1,895
RENT COMPS ANALYSIS
  • 2024 Boyds Way Austin, TX 4
    • 4 beds 3 baths ∙ 1,846 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,846 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $1.01
    •  
  • 2228 Coats Cir Austin, TX 1
    • 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1998
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.97
    •  
  • 2100 Desco Drive Austin, TX 2
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1998
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.12
    •  
  • 11101 Lost Maples Trail Austin, TX 3
    • 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2008
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.02
    •  
  • 2134 Coats Cv Austin, TX 5
    • 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1998
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.02
    •  
PROPERTY LISTING DETAILS
Scott Swinney
1.512.698.3680
Realty Texas Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8431981
Last Updated: 11/06/2020
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