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280 Centuryplant Road Leander, TX 78641

4 Beds 2 Baths 1,859 sqft Built 2020

$293,990

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $158.14
  • 4 Days on Market
  • MLS # : 8388039
  • Updated Date : 11/26/2020 at 15:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,859 sqft
  • Baths : 2 full
Listing Agent

D.r. Horton, America's Builder

Listing Agent's Description

UNDER CONSTRUCTION - EST COMPLETION IN SPRING 2021. New construction! Contemporary 1859 sqft. masterpiece in the beautiful Texas Hill Country. The Reagan is a 1 story modern masterpiece with a palatial kitchen featuring silestone counter tops, under mount sink and walk in pantry. Primary suite and bathroom include an oversized shower, raised vanity and 2 PRIMARY WALK IN closets, making it fit for a king, or queen. LOW TAX RATE

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Zip Code: 78641

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $126k300k

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

Zip Code: 78641

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9371765

* 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
Bill Burden Elementary School Primary Regular 674 47 7
Liberty Hill Junior High School Middle Regular 501 34 8
Liberty Hill High School High Regular 1,015 63 6

Bill Burden Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 47
7
GreatSchools Rating

Liberty Hill Junior High School

  • Education Level: Middle
  • # of students: 501
  • # of teachers: 34
8
GreatSchools Rating

Liberty Hill High School

  • Education Level: High
  • # of students: 1,015
  • # of teachers: 63
6
GreatSchools Rating
 

$264,591$323,389$293,990

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,085
Property Tax -$713
Property Insurance -$132
HOA -$67
Property Management Fees -$148
CASH FLOW
-$294

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$293,990

PROJECTED PRICE

$1,850

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 3.00%
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$700k$800k

PROJECTED ANNUAL CASH FLOW

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

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$79,907

INVESTMENT

$79,907

Down Payment
$73,498
Rehab Estimate
$2,000
Closing Costs
$4,410

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,085

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,498
Loan Amount $220,493
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$149

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,845

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$1,8253$1,8504$1,8755$1,900
$1,900
RENT COMPS ANALYSIS
  • 280 Centuryplant Road Leander, TX 3
    • 4 beds 2 baths ∙ 1,859 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,859 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
  • 117 Tequiliana Pass Leander, TX 1
    • 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 2020
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.98
    •  
  • 412 Agave Azul Way Leander, TX 2
    • 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 2020
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.98
    •  
  • 432 Agave Azul Leander, TX 4
    • 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 2019
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.01
    •  
  • 308 Agave Azul Way Leander, TX 5
    • 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2019
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.00
    •  
PROPERTY LISTING DETAILS
Dave Clinton
1.512.270.6196
D.r. Horton, America's Builder
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8388039
Last Updated: 11/26/2020
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