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2100 Margalene Way Austin, TX 78728

3 Beds 2 Baths 1,163 sqft Built 1986

$285,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $245.06
  • 122 Days on Market
  • MLS # : 7462063
  • Updated Date : 09/14/2020 at 11:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,163 sqft
  • Baths : 2 full
Listing Agent

Realty Austin

Listing Agent's Description

Cute as a button and lovingly cared for home in top notch Wells Branch location. Nestled between both highways & super fast access to local restaurants, convenient stores, & neighborhood trails. 
This tiny gem has many thoughtfully planned features. Well designed floor plan w/ high ceilings in the living areas & nicely distributed floor plan! 
There are sky lights throughout to keep the home bright during the day time. 
Kitchen & baths have been tastefully updated. 
Several large updates throughout!Restrictions: Yes Sprinkler Sys:Yes

SEE MORE

MARKET HIGHLIGHTS

  • #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

Neighborhood: Wells Branch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k378k

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

Neighborhood: Wells Branch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8561966

* 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
Northwest Elementary School Primary Regular 562 39 3
Westview Middle School Middle Regular 863 63 4
Connally High School High Regular 1,934 138 4

Northwest Elementary School

  • Education Level: Primary
  • # of students: 562
  • # of teachers: 39
3
GreatSchools Rating

Westview Middle School

  • Education Level: Middle
  • # of students: 863
  • # of teachers: 63
4
GreatSchools Rating

Connally High School

  • Education Level: High
  • # of students: 1,934
  • # of teachers: 138
4
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$990
Property Tax -$590
Property Insurance -$93
HOA -$2
Property Management Fees -$99
CASH FLOW
-$304

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.

$285,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 9.7%
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

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$286

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $1,282

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,1503$1,1754$1,4705$1,675
$1,675
RENT COMPS ANALYSIS
  • 2100 Margalene Way Austin, TX 4
    • 3 beds 2 baths ∙ 1,163 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,163 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.26
    •  
  • 2007 Alex Ave Austin, TX 1
    • 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1995
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.10
    •  
  • 2001 Alex Ave Austin, TX 2
    • 3 beds 2 baths ∙ 1,059 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,059 Sqft ∙ Built 1993
    property image
    LEASED 04/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.09
    •  
  • 2005 Alex Ave Austin, TX 3
    • 3 beds 2 baths ∙ 1,057 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,057 Sqft ∙ Built 1995
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $1.11
    •  
  • 2109 Delvin Austin, TX 5
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1984
    property image
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.11
    •  
PROPERTY LISTING DETAILS
Daphne Santa-maria Quay
1.512.650.0074
Realty Austin
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7462063
Last Updated: 09/14/2020
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