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20800 Huckabee Bend Pflugerville, TX 78660

4 Beds 3 Baths 2,858 sqft Built 2010

$350,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $122.46
  • 3 Days on Market
  • MLS # : 9377362
  • Updated Date : 12/12/2020 at 16:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,858 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Beautifully updated 4 bedrooms, 2.5 bath home with great curb appeal! Upgrades everywhere! Open and airy with soaring ceilings and filled with natural light. Home features crown molding, a formal dining area, and newly installed easy care luxury vinyl plank flooring. Gourmet kitchen opens to the living area with a fireplace, a great space for entertaining. Equipped with smooth top electric range, dual ovens, large center island for prep, granite countertops, and ample cabinetry for storage. Primary en suite with dual vanities, garden jetted tub, separate shower, and walk-in closet. Spacious living area upstairs, perfect for game or media room, plus 4th Bedroom (no closet) or office upstairs with a half bath. Private backyard with covered patio, ready for outdoor activities. Community pool and amenities. 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

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
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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,291
Property Tax -$850
Property Insurance -$188
HOA -$18
Property Management Fees -$99
CASH FLOW
-$227

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.

$350,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
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$6.0k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,153

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,208

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1953$2,2004$2,2205$2,250
$2,250
RENT COMPS ANALYSIS
  • 20800 Huckabee Bend Pflugerville, TX 4
    • 4 beds 3 baths ∙ 2,858 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,858 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.78
    •  
  • 20920 Windmill Ranch Ave Pflugerville, TX 1
    • 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2012
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.73
    •  
  • 20308 Farm Pond Ln Pflugerville, TX 2
    • 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 2005
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.80
    •  
  • 2608 Windy Vane Dr Pflugerville, TX 3
    • 3 beds 2 baths ∙ 2,752 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,752 Sqft ∙ Built 2014
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.80
    •  
  • 20904 Windmill Ranch Avenue Pflugerville, TX 5
    • 4 beds 3 baths ∙ 2,959 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,959 Sqft ∙ Built 2010
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.76
    •  
PROPERTY LISTING DETAILS
Barb Cooper
1.512.698.6625
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9377362
Last Updated: 12/12/2020
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