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47 Augusta Drive Meadowlakes, TX 78654

3 Beds 3 Baths 1,984 sqft Built 2020

$344,500

List Price

$2,000

$1.8K - $2.2K

Rent Est.

$93,293

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+5.3%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.2%
Cash Flow	-$1,188
Value Increase	$18,468

10 YEAR

Cash On Cash	-3.7%
Total Return	9.5%

PROPERTY INFO

Built 2020 NEW CONSTRUCTION

January 23, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 2020
Price/Sqft : $173.64
2 Days on Market
MLS # : 7997208
Updated Date : 01/23/2021 at 06:01

CONSTRUCTION

Beds : 3
Floor Size : 1,984 sqft
Baths : 2 full , 1 half

Listing Agent

Thelen & Associate Real Estate

Listing Agent's Description

New Construction Townhome in the Meadowlakes Subdivision. Home is currently in the finishing stages. Located on the #5 tee box of the Hidden Falls Golf Course. East facing and walking distance to all of the Hidden Falls amenities.

MARKET HIGHLIGHTS

Austin Market Report

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.

Neighborhood: Meadowlakes

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

Neighborhood: Meadowlakes

* 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
Marble Falls Elementary School	Primary	Regular	577	37	5
Marble Falls Middle School	Middle	Regular	889	57	4
Marble Falls High School	High	Regular	1,165	80	6

Marble Falls Elementary School

Education Level: Primary
# of students: 577
# of teachers: 37

GreatSchools Rating

Marble Falls Middle School

Education Level: Middle
# of students: 889
# of teachers: 57

GreatSchools Rating

Marble Falls High School

Education Level: High
# of students: 1,165
# of teachers: 80

GreatSchools Rating

FINANCIALS

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$310,050$378,95000$344,500

PURCHASE PRICE

$1,800$2,20000$2,000

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$2,000
EXPENSES	Loan Payment	-$1,197
	Property Tax	-$633
	Property Insurance	-$137
	HOA	-$33
	Property Management Fees	-$99



CASH FLOW -$99

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$344,500

PROJECTED PRICE

$2,000

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.50%
Appreciation Year (1-5)	5.3%
Maintenance Year (1-5)	3.00%
Vacancy	6.00%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$93,293

Down Payment	$86,125
Rehab Estimate	$2,000
Closing Costs	$5,168

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,197

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$86,125
Loan Amount	$258,375

See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$4,735

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$2,000
LIST RENT
$1.01
LIST RENT PER SQFT

$2,004
COMP ESTIMATED VALUE
$1.01
COMP AVG. RENT PER SQFT

Comps Range

$1,795

1$1,7952$2,0003$2,000

$2,000

RENT COMPS ANALYSIS

1,984
PROPERTY SQFT
$1.01
AVG RENT PER SQFT
$2,004
ESTIMATED VALUE
$2,000
LIST RENT

47 Augusta Drive Meadowlakes, TX 4

3 beds 3 baths ∙ 1,984 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,984 Sqft ∙ Built 2020
Price

Price Per SQFT

$344,500

$173.64
334 Olympia Fields St Meadowlakes, TX 1

3 beds 2 baths ∙ 2,246 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,246 Sqft ∙ Built 1999
SOLD 08/31/20
Price

Price Per SQFT

$287,500

$128.01
129 Firestone Pl Meadowlakes, TX 2

4 beds 4 baths ∙ 2,184 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,184 Sqft ∙ Built 2019
SOLD 03/25/20
Price

Price Per SQFT

$297,400

$136.17
216 Muirfield St Meadowlakes, TX 3

3 beds 3 baths ∙ 2,254 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,254 Sqft ∙ Built 2000
SOLD 06/16/20
Price

Price Per SQFT

$327,000

$145.08
401 Stewart St Meadowlakes, TX 5

3 beds 2 baths ∙ 2,151 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,151 Sqft ∙ Built 2001
SOLD 08/31/20
Price

Price Per SQFT

$370,000

$172.01

47 Augusta Drive Meadowlakes, TX 3

3 beds 3 baths ∙ 1,984 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,984 Sqft ∙ Built 2020
Rent

Rent Per SQFT

$2,000

$1.01
408 Spyglass St Meadowlakes, TX 1

3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1998
LEASED 03/07/20
Rent

Rent Per SQFT

$1,795

$0.98
420 7th St Marble Falls, TX 2

3 beds 3 baths ∙ 1,925 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,925 Sqft ∙ Built 1972
LEASED 08/08/20
Rent

Rent Per SQFT

$2,000

$1.04

PROPERTY LISTING DETAILS

Michael Thelen
1.512.755.2471
Thelen & Associate Real Estate

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7997208
Last Updated: 01/23/2021

47 Augusta Drive Meadowlakes, TX 78654

$344,500

$2,000

$93,293

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Marble Falls Elementary School

Marble Falls Middle School

Marble Falls High School

FINANCIALS

$310,050$378,95000$344,500

$1,800$2,20000$2,000

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$344,500

$2,000

0.58%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,197

2

$4,735

$344,500

$173.64

$288,310

$145.32

COMPS RANGE

PRICE COMPS ANALYSIS

$2,000

$1.01

$2,004

$1.01

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS