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

2600 Donna Drive Taylor, TX 76574

3 Beds 2 Baths 1,438 sqft Built 1980

$229,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $159.25
  • 5 Days on Market
  • MLS # : 8714720
  • Updated Date : 02/25/2021 at 18:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,438 sqft
  • Baths : 2 full
Listing Agent

Re/max Associates Group

Listing Agent's Description

Charming and well maintained home located in a beautiful established neighborhood in the heart of Taylor. NEW ROOF & FASCIA BOARDS. This home has been well maintained by the owners (as you can see in the pictures) and has such features as vaulted ceilings, fireplace, front porch, covered patio, large yard, 4 sides brick, and no HOA! Don't miss out on this one of a kind home! Showings Start Friday the 26th.

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: 76574

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k298k

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

Zip Code: 76574

ZipNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6711723

* 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
T H Johnson Elementary School Primary Regular 466 30 5
Taylor Middle School Middle Regular 710 54 3
Taylor High School High Regular 967 83 3

T H Johnson Elementary School

  • Education Level: Primary
  • # of students: 466
  • # of teachers: 30
5
GreatSchools Rating

Taylor Middle School

  • Education Level: Middle
  • # of students: 710
  • # of teachers: 54
3
GreatSchools Rating

Taylor High School

  • Education Level: High
  • # of students: 967
  • # of teachers: 83
3
GreatSchools Rating
 

$206,100$251,900$229,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$795
Property Tax -$573
Property Insurance -$108
Property Management Fees -$99
CASH FLOW
-$26

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$229,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.13%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,435

INVESTMENT

$66,435

Down Payment
$57,250
Rehab Estimate
$5,750
Closing Costs
$3,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$795

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,250
Loan Amount $171,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$7,900

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,542

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4503$1,4904$1,550
$1,550
RENT COMPS ANALYSIS
  • 2600 Donna Drive Taylor, TX 4
    • 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.08
    •  
  • 2804 Crystal Circle #b Taylor, TX 1
    • 3 beds 2 baths ∙ 1,255 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,255 Sqft ∙ Built 2016
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.11
    •  
  • 2003 Holly Springs Dr Taylor, TX 2
    • 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1994
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.10
    •  
  • 805 Randall Street Taylor, TX 3
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1975
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.98
    •  
PROPERTY LISTING DETAILS
Ryan Schneider
Re/max Associates Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8714720
Last Updated: 02/25/2021
BESbswy