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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $144.53
- 2 Days on Market
- MLS # : 1405862
- Updated Date : 12/19/2020 at 18:12
CONSTRUCTION
- Beds : 4
- Floor Size : 2,138 sqft
- Baths : 3 full
Listing Agent
Redefy Real Estate, Llc
Listing Agent's Description
This home features an open floor plan, 4 oversized bedrooms, and 3 full bathrooms and a HUGE covered patio, and a large fenced backyard. Property is located in Pflugerville, Tx in the Royal Pointe subdivision Sec 02 at 301 Timothy John Dr. Pflugerville, Tx 78660. This listing is offered at $309,900. Home features a water softener, wood floors, custom-built garage shelves.
SEE MORE
- #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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Royal Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Royal Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,860 |
| EXPENSES | Loan Payment | -$1,140 |
| Property Tax | -$705 | |
| Property Insurance | -$147 | |
| HOA | -$37 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$269
|
||
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.
$309,000
PROJECTED PRICE
$1,860
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 8.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.80% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$87,635
LOAN DETAILS
$1,140
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $77,250 |
| Loan Amount | $231,750 |
0.67
YEARS SAVED
$1,230
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,930
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
301 Timothy John Drive Pflugerville, TX 2
- 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,860
- $0.87
-
612 Timothy John Drive Pflugerville, TX 1
- 4 beds 2 baths ∙ 2,073 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,073 Sqft ∙ Built 2006
LEASED 12/05/20- Rent
- Rent Per SQFT
- $1,850
- $0.89
-
613 Kingston Lacy Boulevard Pflugerville, TX 3
- 4 beds 2 baths ∙ 2,228 Sqft ∙ Built 2011 4 beds 2 baths ∙ 2,228 Sqft ∙ Built 2011
LEASED 07/03/20- Rent
- Rent Per SQFT
- $1,900
- $0.85
-
19008 Alnwick Castle Drive Pflugerville, TX 4
- 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 2005
LEASED 09/18/20- Rent
- Rent Per SQFT
- $1,945
- $0.93
-
18716 William Anderson Dr Pflugerville, TX 5
- 4 beds 2 baths ∙ 2,073 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,073 Sqft ∙ Built 2006
LEASED 08/28/20- Rent
- Rent Per SQFT
- $1,950
- $0.94
PROPERTY LISTING DETAILS
1.512.680.9013
Redefy Real Estate, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1405862
Last Updated: 12/19/2020
