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7200 Bending Oak Road Austin, TX 78749

3 Beds 2 Baths 1,909 sqft Built 1999

$450,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $235.73
  • 3 Days on Market
  • MLS # : 8200820
  • Updated Date : 03/06/2021 at 21:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,909 sqft
  • Baths : 2 full
Listing Agent

Realty One Group Prosper

Listing Agent's Description

Established neighborhood in South Austin. The Woods of Legend Oaks is waiting for you. Welcome to this beautiful one story, 3 bedroom 2 bath home. Open concept with no carpet! Updated primary bathroom. Private backyard with wooden deck and storage building that has AC and electric, perfect for a workshop. Large trees in both front and back yard.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: West Oak Hill

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420k440kPrice in $136k446k

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

Neighborhood: West Oak Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9972315

* 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
Patton Elementary School Primary Regular 945 56 6
Small Middle School Middle Regular 1,003 61 6
Austin High School High Regular 2,085 125 7

Patton Elementary School

  • Education Level: Primary
  • # of students: 945
  • # of teachers: 56
6
GreatSchools Rating

Small Middle School

  • Education Level: Middle
  • # of students: 1,003
  • # of teachers: 61
6
GreatSchools Rating

Austin High School

  • Education Level: High
  • # of students: 2,085
  • # of teachers: 125
7
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,563
Property Tax -$885
Property Insurance -$135
HOA -$25
Property Management Fees -$99
CASH FLOW
-$486

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.

$450,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 6.7%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$344

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,377

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$2,220
1$2,2202$2,2953$2,3004$2,600
$2,600
RENT COMPS ANALYSIS
  • 7200 Bending Oak Road Austin, TX 1
    • 3 beds 2 baths ∙ 1,909 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,909 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $1.16
    •  
  • 5918 Charles Schreiner Trl Austin, TX 2
    • 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 1989
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.25
    •  
  • 6406 Wolfcreek Pass Austin, TX 3
    • 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1993
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.23
    •  
  • 7508 Mifflin Kenedy Terrace Austin, TX 4
    • 4 beds 2 baths ∙ 2,075 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,075 Sqft ∙ Built 1990
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.25
    •  
PROPERTY LISTING DETAILS
Brandee Otto
Realty One Group Prosper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8200820
Last Updated: 03/06/2021
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