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3332 Venezia Vw Leander, TX 78641

3 Beds 2 Baths 2,086 sqft Built 2016

INVESTimate

$415,000

List Price

$2,440

$2,196 - $2,684

Rent Est.

$440,439  ( +6.13%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $198.95
  • 7 Days on Market
  • MLS # : 1249827
  • Updated Date : 08/23/2020 at 13:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,086 sqft
  • Baths : 2 full
Listing Agent

Kuper Sotheby's Itl Rlty

Listing Agent's Description

Gorgeous Single Story on Greenbelt Lot! Countless custom features plus stunning views of the hill country & wooded area along hike/bike trail. 3 BD plus large office w/ French doors and built-in shelving. Porcelain tile flooring throughout except carpet in bedrooms. Gourmet kitchen w/ stainless-steel appliances, granite countertops, breakfast area & breakfast bar. Wood blinds & 8 ft tall doors throughout. Extended patio and expanded garage storage area. Area pool, tennis courts, trails, events & more!

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: 78641

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $126k300k

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

Zip Code: 78641

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9371765

* 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
Mason Elementary School Primary Regular 645 47 5
Running Brushy Middle School Middle Regular 1,282 80 6
Leander High School High Regular 2,090 135 7

Mason Elementary School

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 47
5
GreatSchools Rating

Running Brushy Middle School

  • Education Level: Middle
  • # of students: 1,282
  • # of teachers: 80
6
GreatSchools Rating

Leander High School

  • Education Level: High
  • # of students: 2,090
  • # of teachers: 135
7
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,531
Property Tax -$884
Property Insurance -$144
HOA -$70
Property Management Fees -$195
CASH FLOW
-$385

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.

$415,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.13%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$603

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $2,269

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2953$2,3954$2,4405$2,450
$2,450
RENT COMPS ANALYSIS
  • 3332 Venezia Vw Leander, 4
    • 3 beds 2 baths ∙ 2,086 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,086 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $1.17
    •  
  • 4136 Novella Cv Leander, 1
    • 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 2017
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.02
    •  
  • 1800 Ficuzza Way Way Leander, 2
    • 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 2018
    property image
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.15
    •  
  • 3313 Venezia Vw Leander, 3
    • 3 beds 3 baths ∙ 2,383 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,383 Sqft ∙ Built 2017
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.01
    •  
  • 4001 Good Night Trl Leander, 5
    • 3 beds 2 baths ∙ 2,096 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,096 Sqft ∙ Built 2016
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.17
    •  
PROPERTY LISTING DETAILS
Brandy Finnessey
1.512.698.3366
Kuper Sotheby's Itl Rlty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1249827
Last Updated: 08/23/2020
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