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712 Wagon Wheel Trail Pflugerville, TX 78660

3 Beds 3 Baths 1,757 sqft Built 1990

$289,900

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $165.00
  • 6 Days on Market
  • MLS # : 3976985
  • Updated Date : 11/25/2020 at 21:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,757 sqft
  • Baths : 2 full , 1 half
Listing Agent

Cdi Properties

Listing Agent's Description

House sits on a huge lot, on a quiet could-de-sac just minutes to I-35 and SH30. Walking distance to all schools and old downtown Pflugerville. Interior of house has been refurbished with new carpet, fresh paint, new appliances (refrigerator, dishwasher, microwave), new fixtures, toilets and sinks, new 2” faux blinds. Roof in good condition. New AC system 2015/2017. Very roomy floor plan with 2 double vanity baths, and a half bath for guests. Separate laundry room. Two living areas and a fireplace. Master bath includes separate walk-in shower and large tub. Yard includes partial new fencing and dog run. Great opportunity under $300K.

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: Settlers Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $116k410k

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

Neighborhood: Settlers Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9902157

* 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
Spring Hill Elementary School Primary Regular 678 46 6
Pflugerville Middle School Middle Regular 1,031 71 6
Pflugerville High School High Regular 2,256 143 7

Spring Hill Elementary School

  • Education Level: Primary
  • # of students: 678
  • # of teachers: 46
6
GreatSchools Rating

Pflugerville Middle School

  • Education Level: Middle
  • # of students: 1,031
  • # of teachers: 71
6
GreatSchools Rating

Pflugerville High School

  • Education Level: High
  • # of students: 2,256
  • # of teachers: 143
7
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,070
Property Tax -$662
Property Insurance -$126
Property Management Fees -$138
CASH FLOW
-$275

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.

$289,900

PROJECTED PRICE

$1,720

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 8.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$332

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,757

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6503$1,7204$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 712 Wagon Wheel Trail Pflugerville, TX 3
    • 3 beds 3 baths ∙ 1,757 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,757 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.98
    •  
  • 932 Twisted Fence Dr Pflugerville, TX 1
    • 4 beds 2 baths ∙ 1,562 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,562 Sqft ∙ Built 2001
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.99
    •  
  • 625 Smoke Signal Pass Pflugerville, TX 2
    • 4 beds 3 baths ∙ 1,658 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,658 Sqft ∙ Built 1990
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 811 Canyon Bend Rd Pflugerville, TX 4
    • 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 1986
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.99
    •  
  • 409 N Heatherwilde Boulevard Pflugerville, TX 5
    • 3 beds 3 baths ∙ 1,770 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,770 Sqft ∙ Built 2015
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.02
    •  
PROPERTY LISTING DETAILS
Andrew Bernick
1.512.228.6597
Cdi Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3976985
Last Updated: 11/25/2020
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