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6108 Sabino Drive Spicewood, TX 78669

3 Beds 2 Baths 2,106 sqft Built 2014

$419,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $198.96
  • 4 Days on Market
  • MLS # : 9779256
  • Updated Date : 01/09/2021 at 03:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,106 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

OFFERS REVIEWED 1/11 AT 10AM Situated just west of Austin and located in Lake Travis ISD, this 1 story beauty with outdoor living space is move-in ready and a must see! Features include a bright, spacious and open floor plan that is ideal for relaxed entertaining. Living space with gas fire place flows into a beautifully upgraded kitchen containing SS appliances with double ovens, granite counters, under cabinet lighting, ample storage, a breakfast bar plus center island. Easy to maintain "wood look" tile floors throughout common areas. 2 walk-in closets in primary bedroom. Optional study or 4th bedroom with closet and double doors. Electric car charging outlet in garage. Enjoy outdoor living under a screened in back patio with blinds overlooking an expansive concrete patio with covered trellis/privacy screening, professional landscaping with mature trees, walkability to elementary school across the street and all the amenities this wonderful community has to offer!

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

Neighborhood: West Cypress Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $136k511k

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

Neighborhood: West Cypress Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000Rent in $9973133

* 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
West Cypress Hills Elementary School Primary Unknown 525 32 NA
Lake Travis Middle School Middle Regular 1,066 64 10
Lake Travis High School High Regular 2,561 141 8

West Cypress Hills Elementary School

  • Education Level: Primary
  • # of students: 525
  • # of teachers: 32
NA
GreatSchools Rating

Lake Travis Middle School

  • Education Level: Middle
  • # of students: 1,066
  • # of teachers: 64
10
GreatSchools Rating

Lake Travis High School

  • Education Level: High
  • # of students: 2,561
  • # of teachers: 141
8
GreatSchools Rating
 

$377,100$460,900$419,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,455
Property Tax -$1,032
Property Insurance -$146
HOA -$59
Property Management Fees -$99
CASH FLOW
-$360

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.

$419,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 3.9%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,455

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$900

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,527

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4303$2,5004$2,750
$2,750
RENT COMPS ANALYSIS
  • 6108 Sabino Drive Spicewood, TX 2
    • 3 beds 2 baths ∙ 2,106 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,106 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $1.15
    •  
  • 5625 Texas Bluebell Dr Spicewood, TX 1
    • 4 beds 2 baths ∙ 2,053 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,053 Sqft ∙ Built 2008
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.17
    •  
  • 6005 Cassena Cv Spicewood, TX 3
    • 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 2017
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.21
    •  
  • 5509 Wild Foxglove Road Spicewood, TX 4
    • 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 2012
    property image
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.22
    •  
PROPERTY LISTING DETAILS
Elizabeth Abeita
1.512.696.5560
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9779256
Last Updated: 01/09/2021
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