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5634 Wagon Train Road Austin, TX 78749

3 Beds 3 Baths 2,116 sqft Built 1983

$324,900

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $153.54
  • 3 Days on Market
  • MLS # : 7446319
  • Updated Date : 11/06/2020 at 16:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,116 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pure Realty

Listing Agent's Description

Absolute bargain! Unbelievable Price! Priced low and firm for your pre-approved buyer who wants a great deal on a super home. It won't last long at this low, low, price so write a squeaky clean offer now and save yourself all the fun of counter offer! Don't miss the golden opportunity for a fantastic deal at this desirable location in Austin.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Village at Western Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $136k439k

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

Neighborhood: Village at Western Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9972228

* 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
 

$292,410$357,390$324,900

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,199
Property Tax -$639
Property Insurance -$146
Property Management Fees -$180
CASH FLOW
$86

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.

$324,900

PROJECTED PRICE

$2,250

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$23,882

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,280

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,145
1$2,1452$2,2503$2,3004$2,3005$2,325
$2,325
RENT COMPS ANALYSIS
  • 5634 Wagon Train Road Austin, TX 2
    • 3 beds 3 baths ∙ 2,116 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,116 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.06
    •  
  • 5655 Wagon Train Road Austin, TX 1
    • 3 beds 3 baths ∙ 2,132 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,132 Sqft ∙ Built 1993
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $1.01
    •  
  • 7920 Wheel Rim Cir Austin, TX 3
    • 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 1992
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.02
    •  
  • 6103 Oliver Loving Trl Austin, TX 4
    • 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 1990
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.18
    •  
  • 6002 Oasis Dr Austin, TX 5
    • 3 beds 3 baths ∙ 2,116 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,116 Sqft ∙ Built 1984
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $1.10
    •  
PROPERTY LISTING DETAILS
Jeremy Kritt
1.512.777.5562
Pure Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7446319
Last Updated: 11/06/2020
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