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2806 Zachary Ln Taylor, TX 76574

4 Beds 2 Baths 1,645 sqft Built 2003

INVESTimate

$219,950

List Price

$1,480

$1,332 - $1,628

Rent Est.

$239,394  ( +8.84%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $133.71
  • 5 Days on Market
  • MLS # : 1459052
  • Updated Date : 08/22/2020 at 16:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,645 sqft
  • Baths : 2 full
Listing Agent

Re/max Associates Group

Listing Agent's Description

Great home located in an established neighborhood in Taylor TX. This home has 4 bedrooms, 2 full baths, and 4 sides brick! Inside the homeowners have created a timeless and stylish look with crown molding throughout and a cozy fireplace located in the living room. Very well taken care of, as exemplified by the roof and A/C being replaced in the winter of 2019! Nice back covered patio which is perfect for entertaining!

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
 

$197,955$241,945$219,950

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$812
Property Tax -$551
Property Insurance -$120
Property Management Fees -$118
CASH FLOW
-$120

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.

$219,950

PROJECTED PRICE

$1,480

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 8.84%
Maintenance Year (1-5) 8.00%
Vacancy 6.13%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,037

INVESTMENT

$64,037

Down Payment
$54,988
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,988
Loan Amount $164,963
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,164

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,435

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,4253$1,4804$1,4905$1,500
$1,500
RENT COMPS ANALYSIS
  • 2806 Zachary Ln Taylor, 3
    • 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.90
    •  
  • 2905 Don Hill Ln Taylor, 1
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 2006
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.82
    •  
  • 2805 Tyler Ln Taylor, 2
    • 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2004
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.84
    •  
  • 805 Randall St Taylor, 4
    • 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
    •  
  • 2005 Canvas Back Dr Taylor, 5
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2009
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.85
    •  
PROPERTY LISTING DETAILS
Ryan Schneider
1.512.529.6298
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 #: 1459052
Last Updated: 08/22/2020
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