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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $170.68
- 4 Days on Market
- MLS # : 8484055
- Updated Date : 11/20/2020 at 14:47
CONSTRUCTION
- Beds : 3
- Floor Size : 2,197 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty Austin
Listing Agent's Description
Open concept floor plan with a spacious family/living area that opens up to the dining room and kitchen. The kitchen features an over-sized island, custom cabinets, stainless steel appliances, and granite countertops. The family/ living room features a sloped ceiling and opens up to the extended covered patio. The master bedroom includes a bay window, a sloped ceiling, and a large spacious walk-in closet. This home has it all including a study/playroom. It has an abundance of wood flooring throughout with the exception of the bathrooms and laundry room. Pride in ownership shines! Don't miss out on this extremely well maintained home!
SEE MORE
- 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
Neighborhood: Wolf Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wolf Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,140 |
| EXPENSES | Loan Payment | -$1,384 |
| Property Tax | -$735 | |
| Property Insurance | -$151 | |
| HOA | -$67 | |
| Property Management Fees | -$171 | |
|
CASH FLOW
-$367
|
||
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.
$374,990
PROJECTED PRICE
$2,140
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 5.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.80% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$105,122
LOAN DETAILS
$1,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,748 |
| Loan Amount | $281,243 |
0.33
YEARS SAVED
$428
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,140
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$2,131
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
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- 3 beds 3 baths ∙ 2,344 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,344 Sqft ∙ Built 1995
LEASED 07/24/20- Rent
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- $2,300
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421 Granite Rock Lane Georgetown, TX 5
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LEASED 10/14/20- Rent
- Rent Per SQFT
- $2,400
- $1.03
PROPERTY LISTING DETAILS
1.972.921.2025
Realty Austin
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 8484055
Last Updated: 11/20/2020
