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5608 Bonneville Bend Austin, TX 78744

4 Beds 4 Baths 2,834 sqft Built 2015

$420,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $148.20
  • 3 Days on Market
  • MLS # : 1978840
  • Updated Date : 01/10/2021 at 01:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,834 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Capital City

Listing Agent's Description

Adorable single story on one of the biggest lots in the community, backs to green belt, on a quiet Cul-de-Sac, 4 bedrooms including 2 master suites, 3.5 bath's Office/studio w/french doors, hard title all through main areas, upgraded carpet on bedrooms, gas appliances, gas / electric dryer connection, green fiver insulation all exterior walls, garage insulated as well, storage sheed, short distance to international airport, close to Formula one, and minutes to Downtown Austin.

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: Southeast Austin

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $96k378k

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

Neighborhood: Southeast Austin

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600170018001900Rent in $7761966

* 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
Hillcrest Elementary School Primary Regular 664 45 2
John P Ojeda Middle School Middle Regular 963 78 2
Del Valle High School High Regular 2,851 171 3

Hillcrest Elementary School

  • Education Level: Primary
  • # of students: 664
  • # of teachers: 45
2
GreatSchools Rating

John P Ojeda Middle School

  • Education Level: Middle
  • # of students: 963
  • # of teachers: 78
2
GreatSchools Rating

Del Valle High School

  • Education Level: High
  • # of students: 2,851
  • # of teachers: 171
3
GreatSchools Rating
 

$378,000$462,000$420,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,459
Property Tax -$826
Property Insurance -$186
HOA -$40
Property Management Fees -$99
CASH FLOW
-$280

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$420,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.13%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,558

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,395

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,3304$2,4005$2,450
$2,450
RENT COMPS ANALYSIS
  • 5608 Bonneville Bend Austin, TX 3
    • 4 beds 4 baths ∙ 2,834 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,834 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.82
    •  
  • 5109 Bonneville Bend Austin, TX 1
    • 4 beds 4 baths ∙ 2,720 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,720 Sqft ∙ Built 2016
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.81
    •  
  • 5608 Bonneville Bnd Austin, TX 2
    • 4 beds 4 baths ∙ 2,672 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,672 Sqft ∙ Built 2015
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 7112 Garnet Mill Lane Austin, TX 4
    • 4 beds 2 baths ∙ 2,692 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,692 Sqft ∙ Built 2016
    property image
    LEASED 09/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.89
    •  
  • 5505 Loma Alta Drive Austin, TX 5
    • 4 beds 5 baths ∙ 2,856 Sqft ∙ Built 2015 4 beds 5 baths ∙ 2,856 Sqft ∙ Built 2015
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.86
    •  
PROPERTY LISTING DETAILS
Carlos Flores
1.512.289.5312
Re/max Capital City
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1978840
Last Updated: 01/10/2021
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