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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $222.50
- 4 Days on Market
- MLS # : 9492805
- Updated Date : 12/06/2020 at 02:12
CONSTRUCTION
- Beds : 4
- Floor Size : 2,413 sqft
- Baths : 2 full
Listing Agent
Re/max Military City
Listing Agent's Description
This stunning 1-story stucco, stone home located on a large corner lot in the Ladera subdivision is ready for new owners to enjoy! The unique 2-sided fireplace affords the ability to watch the fire from both sides of the room, whether you're in the kitchen or sitting room. Many upgrades including, oversized tiles, crown molding, granite countertops, breakfast bar, stainless steel appliances, built-in oven and microwave, and hardwood laminate and tile flooring throughout the main level. Home automation system includes doorbell, camera, intercom, and ceiling speakers. Superior finishes including a beautiful separate formal dining room. Luxurious primary suite and full bath. Fourth bedroom could easily convert into a game room, fitness area, or media room. Lake Travis ISD. Located minutes away from Lakeland Park, Lake Austin Village, and Shops at the Galleria! Call us for more information!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Bee Cave
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bee Cave
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,860 |
| EXPENSES | Loan Payment | -$1,981 |
| Property Tax | -$1,056 | |
| Property Insurance | -$163 | |
| HOA | -$49 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$488
|
||
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.
$536,900
PROJECTED PRICE
$2,860
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 7.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.80% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$148,029
LOAN DETAILS
$1,981
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $134,225 |
| Loan Amount | $402,675 |
0.67
YEARS SAVED
$2,089
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,860
LIST RENT -
$1.19
LIST RENT PER SQFT
-
$3,028
COMP ESTIMATED VALUE -
$1.26
COMP AVG. RENT PER SQFT
Comps Range
-
4508 Tambre Bend Austin, TX 1
- 4 beds 2 baths ∙ 2,413 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,413 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $2,860
- $1.19
-
4120 Vinalopo Drive Austin, TX 2
- 4 beds 2 baths ∙ 2,331 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,331 Sqft ∙ Built 2014
LEASED 09/24/20- Rent
- Rent Per SQFT
- $3,100
- $1.33
-
4321 Tambre Bend Austin, TX 3
- 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 2013
LEASED 09/02/20- Rent
- Rent Per SQFT
- $3,150
- $1.17
-
4001 Tordera Drive Austin, TX 4
- 4 beds 4 baths ∙ 2,545 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,545 Sqft ∙ Built 2014
LEASED 07/03/20- Rent
- Rent Per SQFT
- $3,200
- $1.26
-
4025 Vinalopo Drive Bee Cave, TX 5
- 3 beds 3 baths ∙ 2,540 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,540 Sqft ∙ Built 2014
LEASED 06/14/19- Rent
- Rent Per SQFT
- $3,200
- $1.26
PROPERTY LISTING DETAILS
1.210.331.7000
Re/max Military City
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 9492805
Last Updated: 12/06/2020
