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390 Whispering Wind Way Austin, TX 78737

4 Beds 3 Baths 2,573 sqft Built 2014

$495,000

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $192.38
  • 5 Days on Market
  • MLS # : 2606597
  • Updated Date : 12/10/2020 at 02:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,573 sqft
  • Baths : 3 full
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

This beautiful one-story, limestone home in Highpointe has been very well maintained by its only owner. It is incredibly easy to live in, there is no carpet at all, luxury plank vinyl has been added to each bedroom. The spacious kitchen has an over-sized pantry. The beautiful landscaping allows for lots of outdoor time grilling, playing and chilling around the custom fire pit. The three-car garage provides room for cars, toys, etc. Highpointe is an incredible neighborhood with first-class amenities include two pools, catch and release ponds, miles and miles of trails, sport courts, playgrounds and a fitness center. For added security, the neighborhood gates are closed at night. Come live the easy life in the hill country!

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: 78737

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $136k489k

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

Zip Code: 78737

ZipNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9972668

* 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
Dripping Springs Elementary School Primary Regular 921 57 8
Dripping Springs Middle School Middle Regular 1,238 64 8
Dripping Springs High School High Regular 1,586 92 8

Dripping Springs Elementary School

  • Education Level: Primary
  • # of students: 921
  • # of teachers: 57
8
GreatSchools Rating

Dripping Springs Middle School

  • Education Level: Middle
  • # of students: 1,238
  • # of teachers: 64
8
GreatSchools Rating

Dripping Springs High School

  • Education Level: High
  • # of students: 1,586
  • # of teachers: 92
8
GreatSchools Rating
 

$445,500$544,500$495,000

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$1,826
Property Tax -$1,160
Property Insurance -$172
HOA -$75
Property Management Fees -$99
CASH FLOW
-$482

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.

$495,000

PROJECTED PRICE

$2,850

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.6%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,024

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,850

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $2,882

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,8503$2,9004$2,9505$3,100
$3,100
RENT COMPS ANALYSIS
  • 390 Whispering Wind Way Austin, TX 2
    • 4 beds 3 baths ∙ 2,573 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,573 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.11
    •  
  • 278 Mountain Laurel Way Austin, TX 1
    • 4 beds 3 baths ∙ 2,739 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,739 Sqft ∙ Built 2006
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.04
    •  
  • 880 Wild Rose Drive Austin, TX 3
    • 3 beds 3 baths ∙ 2,543 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,543 Sqft ∙ Built 2013
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.14
    •  
  • 151 Courtland Circle #15 Austin, TX 4
    • 4 beds 2 baths ∙ 2,656 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,656 Sqft ∙ Built 2010
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.11
    •  
  • 129 Briarpatch Court Austin, TX 5
    • 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 2010
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.19
    •  
PROPERTY LISTING DETAILS
Ashley Jamieson
1.512.773.6627
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 2606597
Last Updated: 12/10/2020
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