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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $129.40
- 3 Days on Market
- MLS # : 8428239
- Updated Date : 01/01/2021 at 17:34
CONSTRUCTION
- Beds : 3
- Floor Size : 1,932 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
Nestled on over half an acre in the Texas Hill Country is this charming 3 bedroom, 2.5 bathroom home. Upon arrival, be greeted with a naturally lit living area, with Mexican Tile and a wood-burning fireplace. Ceramic Tile spans the recently renovated kitchen, including SS Appliances, White Cabinetry, and an island perfect for entertaining during a meal. You will find an attached sunroom leading to the back deck. The large backyard is ideal for your dream landscaping plans. This inviting abode is only an 8-minute drive to Arkansas Bend Park and is located in the highly-rated Lago Vista ISD!
SEE MORE
- #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)
- 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)
PRICE & RENT TRENDS
Zip Code: 78645
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78645
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$584 | |
| Property Insurance | -$136 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$158
|
||
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.
$250,000
PROJECTED PRICE
$1,900
PROJECTED RENT
0.76%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 6.6% |
| 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
$72,000
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
7.42
YEARS SAVED
$27,230
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,900
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$2,038
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
20912 Boggy Ford Road Lago Vista, TX 3
- 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $1,900
- $0.98
-
4007 Rockwood Dr Lago Vista, TX 1
- 3 beds 2 baths ∙ 2,038 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,038 Sqft ∙ Built 2018
![property image]()
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,875
- $0.92
-
3946 Outpost Trace Lago Vista, TX 2
- 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 2003
![property image]()
LEASED 05/09/20- Rent
- Rent Per SQFT
- $1,900
- $1.04
-
20536 Highland Lake Drive Lago Vista, TX 4
- 3 beds 3 baths ∙ 2,121 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,121 Sqft ∙ Built 2020
![property image]()
LEASED 07/21/20- Rent
- Rent Per SQFT
- $2,400
- $1.13
PROPERTY LISTING DETAILS
1.512.953.7244
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 8428239
Last Updated: 01/01/2021
