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21600 Cupola View Pflugerville, TX 78660

3 Beds 3 Baths 2,414 sqft Built 2016

$400,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $165.70
  • 4 Days on Market
  • MLS # : 3768879
  • Updated Date : 02/07/2021 at 02:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,414 sqft
  • Baths : 3 full
Listing Agent

Kuper Sotheby's Itl Rlty

Listing Agent's Description

Beautiful Brohn Homes property in quiet neighborhood allows for flexible living areas. Beautiful 8' front door with obscured glass and iron decor; 8' 6-panel doors throughout. Hardwood floors throughout except in bedrooms/baths. Homeowner updates include shiplap on walls and entry ceiling. Large galley kitchen with eat-in island, breakfast nook, walk-in pantry, and serving alcove. Primary suite with separate vanities, soaking tub, walk-in shower, and water closet. Secondary, large bedrooms, all with walk-in closets. Guest bedroom with en-suite bath. Large office with closet may easily be converted to 4th bedroom. Large, covered back porch with gas outlet for owner's grill. Full gutters. Tandem, 3-car garage for car or extra storage. Refrigerator and dining mirror convey.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
Dearing Elementary School Primary Unknown NA
Kelly Lane Middle School Middle Regular 1,071 65 8
Hendrickson High School High Regular 2,771 160 8

Dearing Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$360,000$440,000$400,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,389
Property Tax -$972
Property Insurance -$163
Property Management Fees -$99
CASH FLOW
-$373

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.

$400,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.56%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$561

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,064

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$2,0753$2,1004$2,250
$2,250
RENT COMPS ANALYSIS
  • 21600 Cupola View Pflugerville, TX 4
    • 3 beds 3 baths ∙ 2,414 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,414 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.93
    •  
  • 21013 Penny Royal Dr Pflugerville, TX 1
    • 4 beds 3 baths ∙ 2,413 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,413 Sqft ∙ Built 2006
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.80
    •  
  • 21624 Urraca Lane Pflugerville, TX 2
    • 4 beds 3 baths ∙ 2,448 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,448 Sqft ∙ Built 2018
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.85
    •  
  • 20961 Mandrake Dr Pflugerville, TX 3
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2005
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
PROPERTY LISTING DETAILS
Janet Hewlett
Kuper Sotheby's Itl Rlty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3768879
Last Updated: 02/07/2021
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