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610 Bentwood Dr Leander, TX 78641

3 Beds 2 Baths 1,309 sqft Built 1994

INVESTimate

$235,000

List Price

$1,440

$1,296 - $1,584

Rent Est.

$249,405  ( +6.13%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $179.53
  • 7 Days on Market
  • MLS # : 7826465
  • Updated Date : 08/25/2020 at 21:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,309 sqft
  • Baths : 2 full
Listing Agent

Central Metro Realty

Listing Agent's Description

LEANDER, one of the most attractive locations Cozy house with up-grades with lots of up-grades, back splash at kitchen, nice flooring all areas, showers on both baths, at a great location, near HEB plus this will go fast, nice big window at front, huge lot

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

Zip Code: 78641

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $126k300k

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

Zip Code: 78641

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9371765

* 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
Camacho Elementary School Primary Regular NA
Leander Middle School Middle Regular 862 63 6
Rouse High School High Regular 2,336 140 7

Camacho Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Leander Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 63
6
GreatSchools Rating

Rouse High School

  • Education Level: High
  • # of students: 2,336
  • # of teachers: 140
7
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$867
Property Tax -$544
Property Insurance -$101
Property Management Fees -$115
CASH FLOW
-$187

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.

$235,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.13%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$670

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,453

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,3253$1,4404$1,4995$1,650
$1,650
RENT COMPS ANALYSIS
  • 610 Bentwood Dr Leander, 3
    • 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $1.10
    •  
  • 509 Tablerock Cir Leander, 1
    • 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 2001
    property image
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $1.11
    •  
  • 509 Tablerock Cir Leander, 2
    • 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 2001
    property image
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.15
    •  
  • 721 Morgan Dr Leander, 4
    • 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 2009
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.04
    •  
  • 837 Mica Ln Leander, 5
    • 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 1986
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.14
    •  
PROPERTY LISTING DETAILS
Norma Pacheco
1.512.413.7712
Central Metro Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7826465
Last Updated: 08/25/2020
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