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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $224.96
- 4 Days on Market
- MLS # : 8179843
- Updated Date : 02/27/2021 at 19:58
CONSTRUCTION
- Beds : 3
- Floor Size : 2,532 sqft
- Baths : 2 full , 1 half
Listing Agent
Spyglass Realty
Listing Agent's Description
Immaculate modern two-story home minutes from Downtown. Stylish design located in Agave of Meadows at Trinity Crossing near major highways and several parks. Incredible open floorplan flooded with natural light is beautifully designed for hosting with two living areas. The bright and modern kitchen is sure to please with eye-catching ceiling height kitchen subway tile backsplash and sparkling appliances. An oversized center island with bar seating is a must-have for family gatherings. Gorgeous owner’s suite with private balcony and spa-like bath with soaking tub and over-sized shower. All bedrooms and laundry room upstairs for privacy. Find your private retreat for relaxing either on the large patio upstairs or grilling out on the fully-fenced yard with extended covered patio, this home is ideal for families and entertaining! Near Walnut Creek Trail and across Loyola from Colony Park, a new 100 acre district park with great amenities, trails and Downtown views.
SEE MORE
- 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: Meadows at Trinity Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meadows at Trinity Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,020 |
| EXPENSES | Loan Payment | -$1,978 |
| Property Tax | -$1,120 | |
| Property Insurance | -$170 | |
| HOA | -$18 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$365
|
||
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.
$569,600
PROJECTED PRICE
$3,020
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 4.4% |
| 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
$156,694
LOAN DETAILS
$1,978
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $142,400 |
| Loan Amount | $427,200 |
1.58
YEARS SAVED
$5,653
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,020
LIST RENT -
$1.19
LIST RENT PER SQFT
-
$3,019
COMP ESTIMATED VALUE -
$1.19
COMP AVG. RENT PER SQFT
Comps Range
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5912 Florencia Lane Austin, TX 3
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- Rent Per SQFT
- $3,020
- $1.19
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5825 Pinon Vista Drive Austin, TX 1
- 3 beds 2 baths ∙ 2,413 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,413 Sqft ∙ Built 2015
LEASED 07/06/20- Rent
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- $2,800
- $1.16
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6213 Seville Drive Austin, TX 2
- 3 beds 3 baths ∙ 2,572 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,572 Sqft ∙ Built 2015
LEASED 05/08/20- Rent
- Rent Per SQFT
- $2,800
- $1.09
-
6041 Seville Drive Austin, TX 4
- 3 beds 3 baths ∙ 2,475 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,475 Sqft ∙ Built 2016
LEASED 04/27/20- Rent
- Rent Per SQFT
- $3,100
- $1.25
-
6117 Seville Drive Austin, TX 5
- 3 beds 3 baths ∙ 2,603 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,603 Sqft ∙ Built 2016
LEASED 02/21/21- Rent
- Rent Per SQFT
- $3,300
- $1.27
PROPERTY LISTING DETAILS
Spyglass Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 8179843
Last Updated: 02/27/2021
