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2608 Claudia Drive Leander, TX 78641

3 Beds 3 Baths 1,576 sqft Built 1998

$199,900

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $126.84
  • 6 Days on Market
  • MLS # : 6407237
  • Updated Date : 10/30/2020 at 01:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,576 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pure Realty

Listing Agent's Description

Move in ready updated 3 bedroom 3 bathroom home with loft in the popular Block House Creek community. The kitchen has updated white cabinets, quartz countertops and stainless steel appliances. All 3 bathrooms have the same quartz countertops as the kitchen. Master bedroom has an ensuite bathroom with a large walk in closet. The main floor has a half bathroom for your guests. Engineered maple hardwood floors are on the main level of the home with newer carpet on the top floor. The loft space on the top floor could easily be converted to a fourth bedroom if needed, as is it makes a great home office space or an additional room to hang out in for movie or game night. Double paned windows and hardiplank siding were put in 2012. The community amenities are endless, multiple pools, sports courts, hiking trails, and many more to be enjoyed! Great Leander location top rated LISD schools, close to many great shops, restaurants and theatres. Minutes to the freeway for a quick commute into Austin. Come take a look at this fantastic home today before it's gone!

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: Block House Creek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $125k298k

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

Neighborhood: Block House Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9211744

* 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
Block House Creek Elementary School Primary Regular 655 44 8
Wiley Middle School Middle Regular 967 63 8
Rouse High School High Regular 2,336 140 7

Block House Creek Elementary School

  • Education Level: Primary
  • # of students: 655
  • # of teachers: 44
8
GreatSchools Rating

Wiley Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 63
8
GreatSchools Rating

Rouse High School

  • Education Level: High
  • # of students: 2,336
  • # of teachers: 140
7
GreatSchools Rating
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$738
Property Tax -$542
Property Insurance -$116
HOA -$10
Property Management Fees -$119
CASH FLOW
-$35

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.

$199,900

PROJECTED PRICE

$1,490

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 7.7%
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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$4,686

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,611

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,4953$1,4954$1,5505$1,700
$1,700
RENT COMPS ANALYSIS
  • 2608 Claudia Drive Leander, TX 1
    • 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.95
    •  
  • 2605 Hutton Leander, TX 2
    • 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 1998
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.08
    •  
  • 903 Luke Ln Leander, TX 3
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1998
    property image
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.06
    •  
  • 804 Luke Ln Leander, TX 4
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1998
    property image
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.97
    •  
  • 2605 Claudia Dr Leander, TX 5
    • 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 1998
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.98
    •  
PROPERTY LISTING DETAILS
Amanda Contreras
1.512.734.7745
Pure Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6407237
Last Updated: 10/30/2020
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