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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $176.48
- 4 Days on Market
- MLS # : 2383639
- Updated Date : 12/04/2020 at 15:29
CONSTRUCTION
- Beds : 3
- Floor Size : 1,293 sqft
- Baths : 2 full
Listing Agent
D.r. Horton, America's Builder
Listing Agent's Description
UNDER CONSTRUCTION - EST COMPLETION IN JAN 2021. New Construction: The Amber is a 1,293 sq. ft. 3 bedroom, 2 bathroom single-story home. As you enter the foyer you walk into the spacious kitchen overlooking the dining area and family room. The kitchen features granite countertops, dark espresso cabinets, white subway tile backsplash, stainless steel appliances, recessed lighting and a kitchen island. The private main bedroom, bedroom 1, is located off the family room and includes a huge walk-in closet and walk-in shower. The Amber also features a covered patio, full sod, and complete irrigation system. This home includes our "Home is Connected" smart home
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 | $1,520 |
| EXPENSES | Loan Payment | -$842 |
| Property Tax | -$476 | |
| Property Insurance | -$100 | |
| HOA | -$35 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$32
|
||
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.
$228,190
PROJECTED PRICE
$1,520
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
$62,470
LOAN DETAILS
$842
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,048 |
| Loan Amount | $171,143 |
4.08
YEARS SAVED
$10,230
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$1.18
LIST RENT PER SQFT
-
$1,513
COMP ESTIMATED VALUE -
$1.17
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,595
- $1.22
-
110 Hidden Springs Drive Bastrop, TX 5
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LEASED 07/03/20- Rent
- Rent Per SQFT
- $1,595
- $1.22
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 #: 2383639
Last Updated: 12/04/2020
