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4103 Shagbark Drive Killeen, TX 76542

3 Beds 3 Baths 1,776 sqft Built 1996

$129,900

List Price

$1,120

$1K - $1.2K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $73.14
  • 3 Days on Market
  • MLS # : 7915223
  • Updated Date : 11/21/2020 at 19:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,776 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Salas Team, Ltd

Listing Agent's Description

Stunning single-family home in a wonderful neighborhood near E Stan Schlueter Loop, Lions Club Park, shopping, and restaurants. Upon entry you are welcomed to fabulous living room that flows into one of the dining areas and has a wood burning fireplace making this the perfect gathering place for all your guest. Complete kitchen is designed for convenience and is equipped with stainless steel appliances, ample cabinets, and dining area. Exquisite master has its own ensuite that includes a double vanity, garden tub, and separate stand up shower. Astonishing backyard has a covered patio, large storage shed, and is completely fenced. Do not miss out on this great home, so schedule your private tour today!

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: 76542

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170kPrice in $102k179k

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

Zip Code: 76542

ZipNIR Market*CityMarket2015Year2009 Q32019 Q21020104010601080110011201140116011801200122012401260Rent in $10111262

* 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
Cedar Valley Elementary School Primary Regular 738 45 7
Liberty Hill Middle School Middle Regular 898 53 6
Ellison High School High Regular 2,638 159 3

Cedar Valley Elementary School

  • Education Level: Primary
  • # of students: 738
  • # of teachers: 45
7
GreatSchools Rating

Liberty Hill Middle School

  • Education Level: Middle
  • # of students: 898
  • # of teachers: 53
6
GreatSchools Rating

Ellison High School

  • Education Level: High
  • # of students: 2,638
  • # of teachers: 159
3
GreatSchools Rating
 

$116,910$142,890$129,900

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$479
Property Tax -$279
Property Insurance -$120
Property Management Fees -$99
CASH FLOW
$143

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$129,900

PROJECTED PRICE

$1,120

PROJECTED RENT

0.86%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 1.7%
Maintenance Year (1-5) 8.00%
Vacancy 8.48%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$50k$100k$150k$200k$250k$300k$350k

PROJECTED ANNUAL CASH FLOW

11530$0.0$1.0k$2.0k$3.0k$4.0k$5.0k$6.0k$7.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$40,174

INVESTMENT

$40,174

Down Payment
$32,475
Rehab Estimate
$5,750
Closing Costs
$1,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$479

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $32,475
Loan Amount $97,425
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$12,635

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,120

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,137

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,120
1$1,1202$1,2003$1,2004$1,250
$1,250
RENT COMPS ANALYSIS
  • 4103 Shagbark Drive Killeen, TX 1
    • 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,120
    • $0.63
    •  
  • 3903 Basset Ct Killeen, TX 2
    • 4 beds 2 baths ∙ 1,821 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,821 Sqft ∙ Built 2004
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.66
    •  
  • 2401 Napier Drive Killeen, TX 3
    • 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 2004
    LEASED 06/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.60
    •  
  • 2201 Price Drive Killeen, TX 4
    • 3 beds 3 baths ∙ 1,786 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,786 Sqft ∙ Built 2006
    LEASED 08/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.70
    •  
PROPERTY LISTING DETAILS
Shelly Salas
1.254.616.0356
The Salas Team, Ltd
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7915223
Last Updated: 11/21/2020
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