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295 Eagle Brook Lane Buda, TX 78610

3 Beds 3 Baths 1,931 sqft Built 2017

$249,900

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $129.41
  • 5 Days on Market
  • MLS # : 8844379
  • Updated Date : 11/06/2020 at 14:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,931 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Military City

Listing Agent's Description

This well maintained move-in ready 2 story home, offers an open floor plan with 2 large living areas plus an open kitchen, and large dining area. Extras include dishwasher, elongated pantry, generous walk-in closets, and a game room! Relax in the primary bedroom that provides plenty of windows for loads of natural lighting and a spacious walk-in closet. Escape to the sizable upstairs game room which can also convert into a home gym or media room and is great for the kids! Step outside to the immense private backyard that can accommodate extra additions and is great for entertaining family and friends! Call us for more information!

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: 78610

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $126k298k

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

Zip Code: 78610

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9371840

* 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
Ralph Pfluger Elementary School Primary Regular 655 40 8
Mccormick Middle School Middle Regular NA
Hays High School High Regular 2,409 121 6

Ralph Pfluger Elementary School

  • Education Level: Primary
  • # of students: 655
  • # of teachers: 40
8
GreatSchools Rating

Mccormick Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Hays High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 121
6
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$922
Property Tax -$656
Property Insurance -$136
HOA -$33
Property Management Fees -$133
CASH FLOW
-$220

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.

$249,900

PROJECTED PRICE

$1,660

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 4.2%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$249

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,675

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6603$1,7504$1,7755$1,790
$1,790
RENT COMPS ANALYSIS
  • 295 Eagle Brook Lane Buda, TX 2
    • 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.86
    •  
  • 132 Hunter Creek Cove Buda, TX 1
    • 3 beds 3 baths ∙ 2,010 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,010 Sqft ∙ Built 2011
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.82
    •  
  • 355 Wapiti Road Buda, TX 3
    • 3 beds 3 baths ∙ 1,918 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,918 Sqft ∙ Built 2018
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.91
    •  
  • 459 Twisted Oaks Lane Buda, TX 4
    • 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 2016
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.87
    •  
  • 283 Black Forest Rd Buda, TX 5
    • 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 2007
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.87
    •  
PROPERTY LISTING DETAILS
Levi Rodgers
1.210.331.7000
Re/max Military City
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8844379
Last Updated: 11/06/2020
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