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6716 Glebe Path Austin, TX 78754

3 Beds 3 Baths 2,408 sqft Built 2013

$309,900

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $128.70
  • 3 Days on Market
  • MLS # : 9726741
  • Updated Date : 12/05/2020 at 05:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,408 sqft
  • Baths : 2 full , 1 half
Listing Agent

Trusted Realty

Listing Agent's Description

Wood looking tiles on first floor except kitchen area. Water proof, pet safe high quality laminate with life time warranty on upstairs and no carpet in any rooms (only on staircase). Pest control system installed in the house including rodent prevention system (warranty until next year).water softener ( still under warranty). Security system with Wifi thermostat and smart switches in guest room, kitchen and master bedroom. Ring doorbell is included as well. No backyard neighbors, with pond view. Energy efficient lights and heat pump. Extra garage storage. Near all major employers like Applied Materials, Samsung, Dell, GM etc. Easy access to 290 and reach downtown within 15min.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Northeast Austin

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $106k378k

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

Neighborhood: Northeast 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
Bluebonnet Trail Elementary School Primary Regular 496 29 5
Decker Middle School Middle Regular 912 54 3
Manor New Technology High School High Regular 385 30 8

Bluebonnet Trail Elementary School

  • Education Level: Primary
  • # of students: 496
  • # of teachers: 29
5
GreatSchools Rating

Decker Middle School

  • Education Level: Middle
  • # of students: 912
  • # of teachers: 54
3
GreatSchools Rating

Manor New Technology High School

  • Education Level: High
  • # of students: 385
  • # of teachers: 30
8
GreatSchools Rating
 

$278,910$340,890$309,900

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 -$1,143
Property Tax -$609
Property Insurance -$163
HOA -$40
Property Management Fees -$99
CASH FLOW
-$165

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.

$309,900

PROJECTED PRICE

$1,890

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 9.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.13%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$6,020

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
  • $0.78

    LIST RENT PER SQFT
  • $1,987

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8903$2,0004$2,0505$2,175
$2,175
RENT COMPS ANALYSIS
  • 6716 Glebe Path Austin, TX 2
    • 3 beds 3 baths ∙ 2,408 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,408 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.78
    •  
  • 11116 Amaranth Ln Austin, TX 1
    • 4 beds 2 baths ∙ 2,296 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,296 Sqft ∙ Built 1995
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.78
    •  
  • 11513 Glen Falloch Court Austin, TX 3
    • 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 1999
    property image
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.83
    •  
  • 11817 Eragon Drive Austin, TX 4
    • 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2020
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.83
    •  
  • 10905 Roderick Lawson Lane Austin, TX 5
    • 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2013
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.86
    •  
PROPERTY LISTING DETAILS
Bobby Mathew
1.512.387.6869
Trusted Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9726741
Last Updated: 12/05/2020
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