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20320 Farm Pond Lane Pflugerville, TX 78660

3 Beds 2 Baths 1,892 sqft Built 2005

$299,900

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $158.51
  • 4 Days on Market
  • MLS # : 1740426
  • Updated Date : 02/28/2021 at 03:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,892 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Multiple offers: please submit highest and best offer by Monday 03/01, 5:00 PM. Set foot inside this open concept home, it is a Blackhawk Beauty! Imagine kicking off your shoes in the front foyer after a long day of work and strutting over to the living room, the heart of your home. It's perfect for blue jeans and BBQs! You decide to light up the cozy fireplace that is framed by a wall of windows overlooking the cute covered pergola deck. Gazing to your right, your modern kitchen is decked out for tonight's feast. It's a surprise dinner party in your honor. "Yes, I agree, it WAS a breeze to move and work in this modern quartzed kitchen!" grins your best friend. Later that night, as you retire to your backroom boudoir, you slip into a sweet sweet slumber, undisturbed by your house guest who has decided to stay the night in one of the distant front room bed chambers. If you are done imagining it, then now you must come see it!

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 Park at Blackhawk

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $116k410k

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

Neighborhood: The Park at Blackhawk

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9942157

* 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
Kelly Lane Middle School Middle Regular 1,071 65 8
Hendrickson High School High Regular 2,771 160 8

Rowe Lane Elementary School

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

Kelly Lane Middle School

  • Education Level: Middle
  • # of students: 1,071
  • # of teachers: 65
8
GreatSchools Rating

Hendrickson High School

  • Education Level: High
  • # of students: 2,771
  • # of teachers: 160
8
GreatSchools Rating
 

$269,910$329,890$299,900

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 -$1,042
Property Tax -$798
Property Insurance -$134
HOA -$40
Property Management Fees -$99
CASH FLOW
-$272

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.

$299,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.8%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$424

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
  • $0.97

    LIST RENT PER SQFT
  • $1,868

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8003$1,8404$1,850
$1,850
RENT COMPS ANALYSIS
  • 20320 Farm Pond Lane Pflugerville, TX 3
    • 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.97
    •  
  • 20812 Kearney Hill Road Pflugerville, TX 1
    • 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 2004
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
  • 2701 Pedernales Falls Drive Pflugerville, TX 2
    • 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 2009
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.95
    •  
  • 2717 Kickapoo Cavern Drive Pflugerville, TX 4
    • 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 2006
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.01
    •  
PROPERTY LISTING DETAILS
Robert Hernandez
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1740426
Last Updated: 02/28/2021
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