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5723 Drury Lane Temple, TX 76502

4 Beds 2 Baths 1,687 sqft Built 2016

$210,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $125.01
  • 2 Days on Market
  • MLS # : 2922281
  • Updated Date : 12/19/2020 at 19:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,687 sqft
  • Baths : 2 full
Listing Agent

Team West Real Estate Llc

Listing Agent's Description

Lovely 4 bed home just minutes from Scott & White, backing up to green space with no neighbors directly behind. Garage extended by 3 ft for extra storage space, and the covered patio was extended an additional 6 ft. After an upgraded bedroom size, the builder updated the final plans to show 1707 sq ft of living space. The main living area features crown molding, wood flooring, and a floor to ceiling stone wood-burning fireplace. Granite counters and Silgranit sink in the kitchen. Cultured marble counters and tiled floors in bathrooms. No carpet! Laundry / pantry combo located off the kitchen, and it's plumbed for the option of putting in a utility sink and stackable washer/dryer. Located a short walk from the neighborhood pool and park.

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

Zip Code: 76502

ZipNIR Market*CityMarket20102015Year2006 Q22019110k120k130k140k150k160k170k180k190kPrice in $104k195k

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

Zip Code: 76502

ZipNIR Market*CityMarket2015Year2009 Q32019 Q210501100115012001250130013501400Rent in $10321403

* 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
Academy Intermediate School Primary Regular 545 31 7
Academy Intermediate School Middle Regular 545 31 7
Academy Intermediate School High Regular 545 31 7

Academy Intermediate School

  • Education Level: Primary
  • # of students: 545
  • # of teachers: 31
7
GreatSchools Rating

Academy Intermediate School

  • Education Level: Middle
  • # of students: 545
  • # of teachers: 31
7
GreatSchools Rating

Academy Intermediate School

  • Education Level: High
  • # of students: 545
  • # of teachers: 31
7
GreatSchools Rating
 

$189,810$231,990$210,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$778
Property Tax -$472
Property Insurance -$116
HOA -$19
Property Management Fees -$99
CASH FLOW
$77

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$210,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 2.8%
Maintenance Year (1-5) 8.00%
Vacancy 8.62%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,639

INVESTMENT

$61,639

Down Payment
$52,725
Rehab Estimate
$5,750
Closing Costs
$3,164

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$778

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,725
Loan Amount $158,175
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$7,931

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,451

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5003$1,560
$1,560
RENT COMPS ANALYSIS
  • 5723 Drury Lane Temple, TX 3
    • 4 beds 2 baths ∙ 1,687 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,687 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.92
    •  
  • 5850 Stonehaven Drive Temple, TX 1
    • 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2016
    property image
    LEASED 07/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.86
    •  
  • 5829 Worthing Drive Temple, TX 2
    • 4 beds 2 baths ∙ 1,735 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,735 Sqft ∙ Built 2015
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.86
    •  
PROPERTY LISTING DETAILS
Summer Firth
1.512.739.1170
Team West Real Estate Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 2922281
Last Updated: 12/19/2020
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