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6117 Shanjia Drive Austin, TX 78724

5 Beds 3 Baths 2,733 sqft Built 2020

$327,990

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $120.01
  • 3 Days on Market
  • MLS # : 7803561
  • Updated Date : 01/08/2021 at 19:36
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,733 sqft
  • Baths : 3 full
Listing Agent

D.r. Horton, America's Builder

Listing Agent's Description

NO INVESTOR PURCHASES AT THIS TIME. UNDER CONSTRUCTION - EST COMPLETION IN APRIL. This is a TRUE 5 bed, 3 bath home. A rare find in Austin, but especially at this price point. The Rosemont floor plan is in very limited supply and will sell quickly. 2 Beds down with two full baths down and an enormous game room up with three additional bedrooms. Come out and take a look. Comes with a full covered patio standard as well.

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: 78724

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $86k378k

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

Zip Code: 78724

ZipNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300140015001600170018001900Rent in $6261966

* 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
Gilbert Elementary School Primary Regular 639 45 NA
Dailey Middle School Middle Regular 706 56 3
Del Valle High School High Regular 2,851 171 3

Gilbert Elementary School

  • Education Level: Primary
  • # of students: 639
  • # of teachers: 45
NA
GreatSchools Rating

Dailey Middle School

  • Education Level: Middle
  • # of students: 706
  • # of teachers: 56
3
GreatSchools Rating

Del Valle High School

  • Education Level: High
  • # of students: 2,851
  • # of teachers: 171
3
GreatSchools Rating
 

$295,191$360,789$327,990

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,139
Property Tax -$646
Property Insurance -$181
HOA -$10
Property Management Fees -$99
CASH FLOW
-$185

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$327,990

PROJECTED PRICE

$1,890

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 9.9%
Maintenance Year (1-5) 3.00%
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

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$88,917

INVESTMENT

$88,917

Down Payment
$81,998
Rehab Estimate
$2,000
Closing Costs
$4,920

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,139

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,998
Loan Amount $245,993
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$4,116

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,849

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,8903$2,200
$2,200
RENT COMPS ANALYSIS
  • 6117 Shanjia Drive Austin, TX 2
    • 5 beds 3 baths ∙ 2,733 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,733 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.69
    •  
  • 4710 Castleman Dr Austin, TX 1
    • 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 1989
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.63
    •  
  • 13033 Brahmin Drive Austin, TX 3
    • 5 beds 3 baths ∙ 2,874 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,874 Sqft ∙ Built 2019
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.77
    •  
PROPERTY LISTING DETAILS
Dave Clinton
1.512.270.6196
D.r. Horton, America's Builder
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7803561
Last Updated: 01/08/2021
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