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3113 Tilmon Lane Austin, TX 78725

3 Beds 3 Baths 1,795 sqft Built 2018

$289,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $161.00
  • 3 Days on Market
  • MLS # : 9420352
  • Updated Date : 03/20/2021 at 16:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,795 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Austin

Listing Agent's Description

Charming two story home located in Austin Colony. Spacious open floor plan with lots of natural light and high ceilings. Master bedroom on main level with en suite andhuge walk-in closet. Kitchen features granite counters, breakfast area, breakfast bar, gas range/stove, pantry, and more! Second floor with game room, 2 bedrooms and afull bath with tub. Short 5 miles from new Tesla Gigafactory Plant. Easy access to Downtown Austin, Bergstrom Airport, UT and Circuit of Americas.  between kitchen, dining and living room.

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: 78725

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $106k378k

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

Zip Code: 78725

ZipNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600170018001900Rent in $7271966

* 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
Hornsby-dunlap Elementary School Primary Regular 646 43 3
Dailey Middle School Middle Regular 706 56 3
Del Valle High School High Regular 2,851 171 3

Hornsby-dunlap Elementary School

  • Education Level: Primary
  • # of students: 646
  • # of teachers: 43
3
GreatSchools Rating

Dailey Middle School

  • Education Level: Middle
  • # of students: 706
  • # of teachers: 56
3
GreatSchools Rating

Del Valle High School

  • Education Level: High
  • # of students: 2,851
  • # of teachers: 171
3
GreatSchools Rating
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,004
Property Tax -$592
Property Insurance -$128
HOA -$25
Property Management Fees -$99
CASH FLOW
-$88

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.

$289,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 9.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.13%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,004

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$7,407

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,755

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7503$1,7504$1,760
$1,760
RENT COMPS ANALYSIS
  • 3113 Tilmon Lane Austin, TX 4
    • 3 beds 3 baths ∙ 1,795 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,795 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.98
    •  
  • 15004 Custis Lane Austin, TX 1
    • 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 2018
    property image
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 3009 Tilmon Lane Austin, TX 2
    • 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 2018
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
  • 14809 Jolynn St Austin, TX 3
    • 3 beds 3 baths ∙ 1,795 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,795 Sqft ∙ Built 2017
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
PROPERTY LISTING DETAILS
Jessica Newsom
Realty Austin
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9420352
Last Updated: 03/20/2021
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