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4610 Yellow Rose Trail Austin, TX 78749

4 Beds 3 Baths 2,156 sqft Built 1982

$430,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $199.44
  • 2 Days on Market
  • MLS # : 4052895
  • Updated Date : 11/22/2020 at 02:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,156 sqft
  • Baths : 2 full , 1 half
Listing Agent

Green City Realty

Listing Agent's Description

In a great location with easy access to downtown Austin and Arbor Trails, Westgate shopping area, this home has a lot of potential. This home is attractively priced as-is, with neighborhood comparable properties selling significantly higher.

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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

Neighborhood: East Oak Hill

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $136k625k

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

Neighborhood: East Oak Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9972157

* 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
Patton Elementary School Primary Regular 945 56 6
Small Middle School Middle Regular 1,003 61 6
Austin High School High Regular 2,085 125 7

Patton Elementary School

  • Education Level: Primary
  • # of students: 945
  • # of teachers: 56
6
GreatSchools Rating

Small Middle School

  • Education Level: Middle
  • # of students: 1,003
  • # of teachers: 61
6
GreatSchools Rating

Austin High School

  • Education Level: High
  • # of students: 2,085
  • # of teachers: 125
7
GreatSchools Rating
 

$387,000$473,000$430,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,587
Property Tax -$846
Property Insurance -$148
Property Management Fees -$192
CASH FLOW
-$372

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.

$430,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 8.9%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,587

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,301

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $2,415

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,3253$2,3504$2,400
$2,400
RENT COMPS ANALYSIS
  • 4610 Yellow Rose Trail Austin, TX 4
    • 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.11
    •  
  • 5103 Wagon Hitch Cv Austin, TX 1
    • 3 beds 2 baths ∙ 2,067 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,067 Sqft ∙ Built 1979
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.11
    •  
  • 5304 Wolf Run Austin, TX 2
    • 3 beds 2 baths ∙ 2,057 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,057 Sqft ∙ Built 1983
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $1.13
    •  
  • 5624 Oak Blvd Austin, TX 3
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1971 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1971
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.12
    •  
PROPERTY LISTING DETAILS
Chris Beer
1.512.529.0314
Green City Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 4052895
Last Updated: 11/22/2020
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