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21405 Coyote Trail Lago Vista, TX 78645

2 Beds 2 Baths 1,152 sqft Built 1981

$179,000

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $155.38
  • 2 Days on Market
  • MLS # : 5310083
  • Updated Date : 01/16/2021 at 06:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,152 sqft
  • Baths : 2 full
Listing Agent

Sky Realty

Listing Agent's Description

Great lake house getaway or year-round home! Easy access to private community park w/pool, playgrounds, tennis & basketball courts, picnic pavilions & boat ramps less than a half mile away! Plus access to 5 more parks w/varying ammenities all within 1-6 miles! And 2 more unimproved natural areas within 6 miles. Two bedroom, 2 bath home features open living/dining/kitchen area. Ensuite bath in primary bedroom. Walk-in closets in both bedrooms. Laundry room with washer & dryer to convey. Ceiling fans in living, dining & both bedrooms. Easy care tile flooring throughout except carpeted bedrooms. Refrigerator & microwave to convey. All interior walls & trim recently painted, exterior now being painted. deck being stained. Nice wrap-around covered deck for outdoor enjoyment. Seller offering to sell furnished!

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

Neighborhood: Bar-K Ranches

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $93k410k

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

Neighborhood: Bar-K Ranches

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8902157

* 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
Lago Vista Elementary School Primary Regular 526 34 5
Lago Vista Middle School Middle Regular 398 26 6
Lago Vista High School High Regular 442 29 7

Lago Vista Elementary School

  • Education Level: Primary
  • # of students: 526
  • # of teachers: 34
5
GreatSchools Rating

Lago Vista Middle School

  • Education Level: Middle
  • # of students: 398
  • # of teachers: 26
6
GreatSchools Rating

Lago Vista High School

  • Education Level: High
  • # of students: 442
  • # of teachers: 29
7
GreatSchools Rating
 

$161,100$196,900$179,000

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$622
Property Tax -$418
Property Insurance -$92
HOA -$13
Property Management Fees -$99
CASH FLOW
$6

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.

$179,000

PROJECTED PRICE

$1,250

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,185

INVESTMENT

$53,185

Down Payment
$44,750
Rehab Estimate
$5,750
Closing Costs
$2,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$622

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $44,750
Loan Amount $134,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$7,463

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,336

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$9993$1,0954$1,1005$1,250
$1,250
RENT COMPS ANALYSIS
  • 21405 Coyote Trail Lago Vista, TX 5
    • 2 beds 2 baths ∙ 1,152 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,152 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.09
    •  
  • 21403 Choctaw Cove Lago Vista, TX 1
    • 2 beds 2 baths ∙ 840 Sqft ∙ Built 2004 2 beds 2 baths ∙ 840 Sqft ∙ Built 2004
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $1.13
    •  
  • 21475 Coyote Trail #2-b Lago Vista, TX 2
    • 2 beds 1 baths ∙ 896 Sqft ∙ Built 1983 2 beds 1 baths ∙ 896 Sqft ∙ Built 1983
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $999
    • $1.11
    •  
  • 7100 Crossbow Trail Lago Vista, TX 3
    • 2 beds 2 baths ∙ 840 Sqft ∙ Built 2019 2 beds 2 baths ∙ 840 Sqft ∙ Built 2019
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $1.30
    •  
  • 5802 Circulo Drive #3 Lago Vista, TX 4
    • 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1971
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.10
    •  
PROPERTY LISTING DETAILS
Janet Kay Bowen
1.512.963.6844
Sky Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5310083
Last Updated: 01/16/2021
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