Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4 Base Burner Path Leander, TX 78641

3 Beds 3 Baths 2,512 sqft Built 2020

INVESTimate

$361,538

List Price

$2,270

$2,043 - $2,497

Rent Est.

$383,700  ( +6.13%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $143.92
  • 2 Days on Market
  • MLS # : 4240541
  • Updated Date : 08/25/2020 at 09:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,512 sqft
  • Baths : 3 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 4240541 - Built by Brohn Homes - February completion! ~ 3 bedroom + study or Bedroom 4 + Game room and 3 full baths. Also Has the over sized converted patio. Wood look tile floors in common area of 1st floor. Kitchen has island with granite counter tops and built-in appliances. Master bath has double vanity, garden tub and shower.

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
Bill Burden Elementary School Primary Regular 674 47 7
Liberty Hill Junior High School Middle Regular 501 34 8
Liberty Hill High School High Regular 1,015 63 6

Bill Burden Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 47
7
GreatSchools Rating

Liberty Hill Junior High School

  • Education Level: Middle
  • # of students: 501
  • # of teachers: 34
8
GreatSchools Rating

Liberty Hill High School

  • Education Level: High
  • # of students: 1,015
  • # of teachers: 63
6
GreatSchools Rating
 

$325,384$397,692$361,538

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,334
Property Tax -$877
Property Insurance -$168
HOA -$42
Property Management Fees -$182
CASH FLOW
-$332

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$361,538

PROJECTED PRICE

$2,270

PROJECTED RENT

0.63%

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) 3.00%
Vacancy 6.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,808

INVESTMENT

$97,808

Down Payment
$90,385
Rehab Estimate
$2,000
Closing Costs
$5,423

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,334

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,385
Loan Amount $271,154
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$408

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,292

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2703$2,2954$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 4 Base Burner Path Leander, 2
    • 3 beds 3 baths ∙ 2,512 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,512 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.90
    •  
  • 212 Panzano Dr Georgetown, 1
    • 3 beds 2 baths ∙ 2,434 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,434 Sqft ∙ Built 2018
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 104 San Matteo St Georgetown, 3
    • 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2014
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.97
    •  
  • 200 Santa Maria St Georgetown, 4
    • 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 2018
    property image
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.95
    •  
  • 164 San Miniato St Georgetown, 5
    • 4 beds 3 baths ∙ 2,638 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,638 Sqft ∙ Built 2012
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.87
    •  
PROPERTY LISTING DETAILS
Ben Caballero
1.888.872.6006
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 4240541
Last Updated: 08/25/2020
BESbswy