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2813 Primwood Path Cedar Park, TX 78613

4 Beds 3 Baths 2,559 sqft Built 1997

$425,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $166.08
  • 4 Days on Market
  • MLS # : 1183469
  • Updated Date : 02/26/2021 at 18:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,559 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mallach And Company

Listing Agent's Description

Cedar Park Charmer! Impeccably maintained and beautifully updated! Light, Bright and all the feels of home are here! Offers a stunning kitchen with recent glazed cabinets, granite countertops, stainless steel appliances, gas range, luxury wood vinyl flooring and charming eat in kitchen! Vaulted ceilings and spacious living with warm fireplace. Recent carpet! Enter into the double doors to the owners suite on the first floor outfitted with crown molding, bay window with connected master bath oasis. Double vanities with recent granite and glazed cabinets, soaking tub, walk in shower and walk in closet. Grand staircase leads to the flex space to work, school or play! An additional 3 secondary bedrooms up with updated bath! Top of the line multi speed HVAC system complete with in home air purifier. Mature Landscaping and Gorgeous Oaks! Relax out back and soak under the stars in the hot tub. Full gutters with leaf guard. Automatic sprinkler system. Steps away from amazing community amenities with no HOA!

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: Anderson Mill West

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $136k410k

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

Neighborhood: Anderson Mill West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9972157

* 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
Cypress Elementary School Primary Regular 746 46 7
Cedar Park Middle School Middle Regular 1,396 74 9
Cedar Park High School High Regular 1,871 112 8

Cypress Elementary School

  • Education Level: Primary
  • # of students: 746
  • # of teachers: 46
7
GreatSchools Rating

Cedar Park Middle School

  • Education Level: Middle
  • # of students: 1,396
  • # of teachers: 74
9
GreatSchools Rating

Cedar Park High School

  • Education Level: High
  • # of students: 1,871
  • # of teachers: 112
8
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,476
Property Tax -$940
Property Insurance -$171
Property Management Fees -$99
CASH FLOW
-$466

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.

$425,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$217

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,303

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2203$2,2954$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 2813 Primwood Path Cedar Park, TX 2
    • 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.87
    •  
  • 2504 Grist Ln Cedar Park, TX 1
    • 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 1996
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.88
    •  
  • 2915 Briona Wood Lane Cedar Park, TX 3
    • 3 beds 3 baths ∙ 2,674 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,674 Sqft ∙ Built 2001
    LEASED 11/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.86
    •  
  • 2704 Corabella Place Cedar Park, TX 4
    • 4 beds 2 baths ∙ 2,574 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,574 Sqft ∙ Built 2006
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
  • 2604 Orsobello Pl Cedar Park, TX 5
    • 3 beds 2 baths ∙ 2,476 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,476 Sqft ∙ Built 2004
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.97
    •  
PROPERTY LISTING DETAILS
Tina Mallach
Mallach And Company
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1183469
Last Updated: 02/26/2021
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