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5928 Abby Ann Lane Austin, TX 78747

4 Beds 3 Baths 2,242 sqft Built 2010

$299,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $133.36
  • 2 Days on Market
  • MLS # : 3980101
  • Updated Date : 01/17/2021 at 04:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,242 sqft
  • Baths : 2 full , 1 half
Listing Agent

Spyglass Realty

Listing Agent's Description

If your current place has you feeling cramped then come check us out in Bradshaw Crossing. Inside your new home you'll find 4 spacious bedrooms, 2 and a half baths, a living area both upstairs and down, a nice sized yard, and a kitchen with plenty of counter and cabinet space. And when you don't want to be inside you'll be just down the street from the large community pool, park & playground, and other greenspaces. Come check out the most affordably priced 4 bedroom in the area, we expect it to go quick so don't wait on this one!

SEE MORE

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: 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
Blazier Elementary School Primary Regular 967 63 7
Paredes Middle School Middle Regular 1,032 69 4
Akins High School High Regular 2,667 155 4

Blazier Elementary School

  • Education Level: Primary
  • # of students: 967
  • # of teachers: 63
7
GreatSchools Rating

Paredes Middle School

  • Education Level: Middle
  • # of students: 1,032
  • # of teachers: 69
4
GreatSchools Rating

Akins High School

  • Education Level: High
  • # of students: 2,667
  • # of teachers: 155
4
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,039
Property Tax -$588
Property Insurance -$153
HOA -$47
Property Management Fees -$99
CASH FLOW
$25

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.

$299,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.65%

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

PROJECTED ANNUAL CASH FLOW

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

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$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$15,097

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,147

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$2,1504$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 5928 Abby Ann Lane Austin, TX 2
    • 4 beds 3 baths ∙ 2,242 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,242 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.87
    •  
  • 5720 Kennedy Street Austin, TX 1
    • 4 beds 3 baths ∙ 2,048 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,048 Sqft ∙ Built 2017
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.93
    •  
  • 6408 Arbor Crest Lane Austin, TX 3
    • 4 beds 4 baths ∙ 2,273 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,273 Sqft ∙ Built 2020
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.95
    •  
  • 10229 Forest Grove Grv Austin, TX 4
    • 4 beds 3 baths ∙ 2,242 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,242 Sqft ∙ Built 2020
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.00
    •  
  • 5845 Kleberg Trl Austin, TX 5
    • 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2013
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.95
    •  
PROPERTY LISTING DETAILS
Matt Witte
1.512.506.0422
Spyglass Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3980101
Last Updated: 01/17/2021
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