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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $114.85
- 4 Days on Market
- MLS # : 5737162
- Updated Date : 11/20/2020 at 19:14
CONSTRUCTION
- Beds : 4
- Floor Size : 2,168 sqft
- Baths : 2 full , 1 half
Listing Agent
Luisa Mauro Real Estate
Listing Agent's Description
MULTIPLE OFFERS. HIGHEST AND BEST OFFERS DUE MON 11/23 BY 1PM. Well maintained and ready for move-in! Located in fantastic location just 3.5 miles from new Tesla site, 5 miles to airport, easy access to the 130 toll, downtown, COTA & more! Spacious floorplan features two living areas on main level and one on second level, tons of natural light, gas fireplace, kitchen that opens to living area, vaulted ceilings, bedroom on first floor that makes a great office/study. Recently installed tile in kitchen, informal dining space off kitchen, tons of storage and counter space as well as 5 burner gas convection oven. Master suite contains full bath with dual vanity, separate tub/shower and huge walk in closet. Great sized secondary bedrooms on second level and additional full bath. Shaded front yard with covered porch and expansive backyard complete with patio, fenced in garden area or dog run and shed for extra storage space. Amenities include two playgrounds and basketball court. Close to schools and only 1.5 miles to the Colorado River.
SEE MORE
- 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: Forest Bluff
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Forest Bluff
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$919 |
| Property Tax | -$490 | |
| Property Insurance | -$149 | |
| HOA | -$20 | |
| Property Management Fees | -$132 | |
|
CASH FLOW
-$59
|
||
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.
$249,000
PROJECTED PRICE
$1,650
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 8.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.13% |
| 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
$71,735
LOAN DETAILS
$919
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,250 |
| Loan Amount | $186,750 |
3.17
YEARS SAVED
$7,594
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,783
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
5608 Netleaf Road Austin, TX 2
- 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,650
- $0.76
-
6211 Wideleaf Drive Austin, TX 1
- 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2018
LEASED 03/17/20- Rent
- Rent Per SQFT
- $1,650
- $0.81
-
4735 Castleman Drive Austin, TX 3
- 4 beds 3 baths ∙ 2,124 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,124 Sqft ∙ Built 1997
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,675
- $0.79
-
5905 Montrelia Drive Austin, TX 4
- 4 beds 2 baths ∙ 1,992 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,992 Sqft ∙ Built 2017
LEASED 11/09/20- Rent
- Rent Per SQFT
- $1,700
- $0.85
-
5704 Ronee Leah Austin, TX 5
- 4 beds 2 baths ∙ 2,021 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,021 Sqft ∙ Built 2019
LEASED 11/21/19- Rent
- Rent Per SQFT
- $1,700
- $0.84
PROPERTY LISTING DETAILS
1.512.633.8220
Luisa Mauro Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 5737162
Last Updated: 11/20/2020
