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2207 Bethesda Court Pflugerville, TX 78660

3 Beds 2 Baths 1,673 sqft Built 1997

$285,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $170.35
  • 2 Days on Market
  • MLS # : 4798239
  • Updated Date : 02/27/2021 at 21:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,673 sqft
  • Baths : 2 full
Listing Agent

Jpar White Label Realty

Listing Agent's Description

Precious 1 story home on corner lot. 3 spacious bedrooms, 2 baths. Kitchen has been completely remodeled. Center island, Quartz countertops, herringbone patterned backsplash, stainless appliances with double oven. Gas range with griddle attachment. Plethora of storage in cabinets, large pantry, and don't miss Elfa system in laundry room. Laminate flooring in main living areas. Spacious back yard ready for running and playing! Roof replaced 2 months ago! Nest thermostat. Curtains do not convey. Amazing community amenities and golf course. Seller needs a leaseback through end of May.

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: Meadows of Blackhawk

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $116k410k

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

Neighborhood: Meadows of Blackhawk

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9942157

* 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
Murchison Elementary School Primary Regular 710 44 8
Kelly Lane Middle School Middle Regular 1,071 65 8
Hendrickson High School High Regular 2,771 160 8

Murchison Elementary School

  • Education Level: Primary
  • # of students: 710
  • # of teachers: 44
8
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
 

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

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$990
Property Tax -$651
Property Insurance -$121
HOA -$28
Property Management Fees -$99
CASH FLOW
-$259

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

$1,630

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 7.2%
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$900k

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$900k

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

0.58

YEARS SAVED

$579

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,640

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,630
1$1,6302$1,7003$1,7504$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 2207 Bethesda Court Pflugerville, TX 1
    • 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.97
    •  
  • 20208 Camargo Court Pflugerville, TX 2
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2002
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.02
    •  
  • 2220 Speidel Drive Pflugerville, TX 3
    • 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2000
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 1800 Tranquility Lane Pflugerville, TX 4
    • 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2011
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.00
    •  
  • 2204 Speidel Drive Pflugerville, TX 5
    • 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 2001
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
PROPERTY LISTING DETAILS
Kristine Smith
Jpar White Label Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 4798239
Last Updated: 02/27/2021
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