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5013 Lions Gate Lane Killeen, TX 76549

3 Beds 2 Baths 1,650 sqft Built 2010

$164,900

List Price

$1,140

$1K - $1.3K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $99.94
  • 3 Days on Market
  • MLS # : 9168271
  • Updated Date : 12/18/2020 at 15:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,650 sqft
  • Baths : 2 full
Listing Agent

The Salas Team, Ltd

Listing Agent's Description

Gorgeous single-family home in an amazing neighborhood near Fort Hood and Killeen-Fort Hood Regional Airport. Upon entry you are welcomed to a modern complete kitchen that is equipped with stainless steel appliances, granite countertops, breakfast bar, and tile flooring. Formal dining room has a chandelier, and arched cutouts to see into the living room. Amazing spacious living room has a wood burning fireplace and plush carpet. Master bedroom has its own ensuite that includes a double vanity and shower/ tub combo. Do not miss out on this great home, so schedule your private tour today!

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Bridgewood

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170kPrice in $102k179k

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

Neighborhood: Bridgewood

NeighborhoodNIR Market*CityMarket2015Year2009 Q32019 Q2102010401060108011001120114011601180120012201240Rent in $10111255

* 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
Dr Joseph A Fowler Elementary School Primary Regular NA
Palo Alto Middle School Middle Regular 926 57 3
Shoemaker High School High Regular 2,152 140 3

Dr Joseph A Fowler Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Palo Alto Middle School

  • Education Level: Middle
  • # of students: 926
  • # of teachers: 57
3
GreatSchools Rating

Shoemaker High School

  • Education Level: High
  • # of students: 2,152
  • # of teachers: 140
3
GreatSchools Rating
 

$148,410$181,390$164,900

PURCHASE PRICE

$1,026$1,254$1,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,140
EXPENSES Loan Payment -$608
Property Tax -$347
Property Insurance -$114
Property Management Fees -$99
CASH FLOW
-$28

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.

$164,900

PROJECTED PRICE

$1,140

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 1.0%
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-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,449

INVESTMENT

$49,449

Down Payment
$41,225
Rehab Estimate
$5,750
Closing Costs
$2,474

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$608

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,225
Loan Amount $123,675
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$2,148

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,140

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,163

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,1253$1,1404$1,2505$1,450
$1,450
RENT COMPS ANALYSIS
  • 5013 Lions Gate Lane Killeen, TX 3
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,140
    • $0.69
    •  
  • 4001 Roundrock Drive Killeen, TX 1
    • 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 2000
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.62
    •  
  • 5108 Bridle Drive Killeen, TX 2
    • 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2006
    property image
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.66
    •  
  • 6506 Cool Creek Drive Killeen, TX 4
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2015
    property image
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.78
    •  
  • 2507 Hector Drive Killeen, TX 5
    • 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 2013
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.76
    •  
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 #: 9168271
Last Updated: 12/18/2020
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