Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

715 Maplecreek Drive Leander, TX 78641

3 Beds 2 Baths 1,204 sqft Built 2000

$225,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $186.88
  • 2 Days on Market
  • MLS # : 9336313
  • Updated Date : 12/05/2020 at 22:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,204 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty-gt

Listing Agent's Description

Wow! Rarely do you find a perfect opportunity for first time home buyers, investors or those wanting to downsize. Tremendous value in the up-and-coming city of Leander on the cusp of North Austin! Open plan with tile flooring in family room, dining and kitchen. Complimented with gas cooking, microwave, dishwasher and pantry. Master Suite with high ceilings, view to backyard, dual vanities and walk-in closet. Indoor Laundry. 2 Car Garage. Generous backyard with pergola, patio and shed. Award Winning Leander School District. BONUS! Just blocks to Devine Lake Park and Bagdad Elementary! And only approx. 2 miles to Shopping *HEB Plus*, Major Highways *183A*, ACC San Gabriel Campus and Leander MetroRail. No HOA! This little home is ready for you to call it your own. Sellers will accommodate a quick close. Don't miss the new 115 Acre Northline Shopping Center currently in development! The Town Square portion slated for sometime in 2021. Find out more here: https://northlineleander.com/

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

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
Bagdad Elementary School Primary Regular 553 53 3
Leander Middle School Middle Regular 862 63 6
Rouse High School High Regular 2,336 140 7

Bagdad Elementary School

  • Education Level: Primary
  • # of students: 553
  • # of teachers: 53
3
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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$830
Property Tax -$520
Property Insurance -$95
Property Management Fees -$99
CASH FLOW
-$144

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.

$225,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,563

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $1,418

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4253$1,5004$1,625
$1,625
RENT COMPS ANALYSIS
  • 715 Maplecreek Drive Leander, TX 1
    • 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.16
    •  
  • 813 Deercreek Ln Leander, TX 2
    • 3 beds 2 baths ∙ 1,209 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,209 Sqft ∙ Built 1999
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.18
    •  
  • 602 Clear Spring Ln Leander, TX 3
    • 3 beds 2 baths ∙ 1,287 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,287 Sqft ∙ Built 1995
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.17
    •  
  • 1007 Barclay Drive Leander, TX 4
    • 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 2004
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.18
    •  
PROPERTY LISTING DETAILS
Kari Christ
1.512.784.8181
Keller Williams Realty-gt
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9336313
Last Updated: 12/05/2020
BESbswy