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206 Nautilus Avenue Lakeway, TX 78738

3 Beds 2 Baths 2,008 sqft Built 1986

$450,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $224.10
  • 2 Days on Market
  • MLS # : 8662765
  • Updated Date : 12/26/2020 at 22:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,008 sqft
  • Baths : 2 full
Listing Agent

Hlb Real Estate Llc

Listing Agent's Description

??Beautiful One Story Home located in the heart of Lakeway. Oversized lot with custom pool, mature trees and lush landscape. The living room is bright with a floor to ceiling brick fireplace and vaulted ceilings. Functional kitchen with ceasarstone countertops, a large island and plenty of counter space plus storage. Additional rooms include formal dining, breakfast area and sun/den area. Large master suite with views overlooking the yard/pool. The master bath has a huge walk-in closet and a separate shower/tub. Recent operable windows throughout, lots of attic space and tile roof. The garage has extra storage and epoxy floors. School age residents attend ? the award-winning ?Lake Travis ISD. ?Close to the community waterfront park that has two playscapes, a dog park, pavilion, volleyball & basketball courts, walking trail and all overlooking Lake Travis. Also close to the Lakeway swim center, Hamilton Green Belt, hike and bike trails, several golf courses, the Lakeway airport and the Lakeway marina. This home is a must see!

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: Lakeway

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $136k540k

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

Neighborhood: Lakeway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9972987

* 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
Serene Hills Elementary School Primary Regular 762 46 10
Hudson Bend Middle School Middle Regular 1,029 65 9
Lake Travis High School High Regular 2,561 141 8

Serene Hills Elementary School

  • Education Level: Primary
  • # of students: 762
  • # of teachers: 46
10
GreatSchools Rating

Hudson Bend Middle School

  • Education Level: Middle
  • # of students: 1,029
  • # of teachers: 65
9
GreatSchools Rating

Lake Travis High School

  • Education Level: High
  • # of students: 2,561
  • # of teachers: 141
8
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,660
Property Tax -$881
Property Insurance -$140
Property Management Fees -$99
CASH FLOW
-$280

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.

$450,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 4.9%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,950

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $2,630

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,5003$2,8004$3,0505$3,150
$3,150
RENT COMPS ANALYSIS
  • 206 Nautilus Avenue Lakeway, TX 2
    • 3 beds 2 baths ∙ 2,008 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,008 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.25
    •  
  • 112 World Of Tennis Square Lakeway, TX 1
    • 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 1971
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.13
    •  
  • 141 World Of Tennis Square #c141 Lakeway, TX 3
    • 3 beds 3 baths ∙ 2,192 Sqft ∙ Built 1971 3 beds 3 baths ∙ 2,192 Sqft ∙ Built 1971
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.28
    •  
  • 204 Maxwell Way #39 Austin, TX 4
    • 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 2017
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.40
    •  
  • 315 Bonaire Court Lakeway, TX 5
    • 3 beds 3 baths ∙ 2,198 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,198 Sqft ∙ Built 2010
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.43
    •  
PROPERTY LISTING DETAILS
Harmony Bingham
1.512.775.1164
Hlb Real Estate Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8662765
Last Updated: 12/26/2020
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