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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $152.98
- 68 Days on Market
- MLS # : 2426201
- Updated Date : 12/05/2020 at 02:47
CONSTRUCTION
- Beds : 3
- Floor Size : 1,535 sqft
- Baths : 2 full
Listing Agent
D.r. Horton, America's Builder
Listing Agent's Description
UNDER CONSTRUCTION-EST. COMPLETION IN DEC 2020. The Diana plan is a one-story home featuring 4 bedrooms, 2 baths, and 2 car garage. The entry opens to a front guest bedroom before leading into the kitchen area. The kitchen includes a breakfast bar with beautiful counter tops, black appliances, corner pantry and connects to the large combined dining and family room. A coat closet is situated outside of the bedroom 1 suite with an attractive ensuite featuring dual vanities, water closet and spacious walk-in closet. The standard rear covered patio is located off the family room. Additional features include sheet vinyl flooring in entry, living room, and all wet areas, and full yard landscaping, irrigation and full gutters. This home includes TWO garage door transmitters and features our HOME IS CONNECTED base package which includes the Alexa Voice control, Front Door Bell, Front Door Deadbolt Lock, Home Hub, Light Switch, and Thermostat.
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Pecan Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pecan Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$866 |
| Property Tax | -$490 | |
| Property Insurance | -$114 | |
| HOA | -$35 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$24
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$234,820
PROJECTED PRICE
$1,580
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 6.9% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.13% |
| 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
$64,227
LOAN DETAILS
$866
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,705 |
| Loan Amount | $176,115 |
4.25
YEARS SAVED
$11,041
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,573
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
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- Rent Per SQFT
- $1,580
- $1.03
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570 W Keanahalululu Ln Bastrop, TX 1
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LEASED 02/08/20- Rent
- Rent Per SQFT
- $1,495
- $1.03
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119 Calm Water Loop Bastrop, TX 2
- 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 2017
![property image]()
LEASED 01/30/20- Rent
- Rent Per SQFT
- $1,500
- $1.07
-
806 Emile St Bastrop, TX 3
- 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1930 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1930
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,500
- $0.97
-
203 Trailside Ln Bastrop, TX 4
- 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2019
![property image]()
LEASED 01/06/20- Rent
- Rent Per SQFT
- $1,550
- $1.03
PROPERTY LISTING DETAILS
1.512.270.6196
D.r. Horton, America's Builder
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 2426201
Last Updated: 12/05/2020
