Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakeway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$125,000
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
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
-
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
1.512.775.1164
Hlb Real Estate Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 8662765
Last Updated: 12/26/2020
