Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

21703 Bluejay Boulevard Lago Vista, TX 78645

3 Beds 2 Baths 1,606 sqft Built 2000

$275,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $171.23
  • 3 Days on Market
  • MLS # : 3603858
  • Updated Date : 01/29/2021 at 16:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,606 sqft
  • Baths : 2 full
Listing Agent

Younger Homes Real Estate, Llc

Listing Agent's Description

If you are looking for a beautifully maintained home, with a large fenced backyard and within walking distance to Lake Travis... this is it! The exterior feels fresh and timeless with natural limestone, mature deer-resistant landscaping, and a large tree in the front yard perfect for a couple of swings! The approach is inviting with a neutral garage door, a large window to bring light into the garage, and accent shutters flanking the front windows of the home. As you enter the signature red front door, the proper entry foyer opens up into the light and bright formal dining room and family room. This open concept floor plan with large windows and glass sliders to the back deck makes the home feel spacious and inviting. With all common areas connected by tile flooring, it is perfect for a low-maintenance lifestyle. One of the most unique features of the home is the breakfast nook surrounded by windows and a large bench that functions as both seating and storage. The kitchen is finished with natural granite countertops, and a large walk-in pantry and bar seating adjacent to the family room. The formal dining room has a beautiful detail in the floor tile and is perfect for entertaining. As you enter the large primary bedroom, the first thing you notice are the windows overlooking the large back yard and the Texas Hill Country. The crown molding is a luxury detail along with the tile flooring that leads into the primary bath with a double vanity, soaking tub, glass surround shower, and large walking closet. The attached concrete deck is perfect for entertaining while enjoying our big Texas sky! With plenty of room for a swing, patio furniture, and grill, families will love having the deck amenity and a large fenced-in backyard for pets or a playset. Other Perks: 1. New indoor and outdoor AC Unit in 2019, 2. Gutters surrounding roof 3. Garage complete with shelves and pegboard, 4. 0.4 miles to boat ramp + lake

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

Zip Code: 78645

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $127k410k

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

Zip Code: 78645

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9972157

* 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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$955
Property Tax -$643
Property Insurance -$117
HOA -$13
Property Management Fees -$99
CASH FLOW
-$217

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.

$275,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,079

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,618

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5753$1,6004$1,6105$2,000
$2,000
RENT COMPS ANALYSIS
  • 21703 Bluejay Boulevard Lago Vista, TX 4
    • 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $1.00
    •  
  • 21501-a Boggy Ford Road Lago Vista, TX 1
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 2003
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 21807 Orwell Cove Lago Vista, TX 2
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2018
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.01
    •  
  • 2909 American Drive Lago Vista, TX 3
    • 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 2017
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.03
    •  
  • 20911 Waterside Drive Lago Vista, TX 5
    • 3 beds 4 baths ∙ 1,942 Sqft ∙ Built 2002 3 beds 4 baths ∙ 1,942 Sqft ∙ Built 2002
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.03
    •  
PROPERTY LISTING DETAILS
Danielle Younger
1.512.815.2297
Younger Homes Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3603858
Last Updated: 01/29/2021
BESbswy