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7608 Alouette Drive Austin, TX 78738

4 Beds 4 Baths 3,251 sqft Built 2021

$726,188

List Price

$3,340

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $223.37
  • 7 Days on Market
  • MLS # : 6034590
  • Updated Date : 01/08/2021 at 20:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,251 sqft
  • Baths : 3 full , 1 half
Listing Agent

Austin Real Estate Experts

Listing Agent's Description

NEW CONSTRUCTION BY ASHTON WOODS HOMES! Available June 2021! Highly desired 2-story with floor-to-ceiling windows in family room. Open kitchen with large island. Formal dining with butler's pantry. Large owner's suite with bay window. Study at entry. Game room and media on second floor. Extended covered back patio on private homesite.

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: 78738

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $136k768k

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

Zip Code: 78738

ZipNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000320034003600Rent in $9973714

* 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
Bee Cave Elementary School Primary Regular 623 39 8
Lake Travis Middle School Middle Regular 1,066 64 10
Lake Travis High School High Regular 2,561 141 8

Bee Cave Elementary School

  • Education Level: Primary
  • # of students: 623
  • # of teachers: 39
8
GreatSchools Rating

Lake Travis Middle School

  • Education Level: Middle
  • # of students: 1,066
  • # of teachers: 64
10
GreatSchools Rating

Lake Travis High School

  • Education Level: High
  • # of students: 2,561
  • # of teachers: 141
8
GreatSchools Rating
 

$653,569$798,807$726,188

PURCHASE PRICE

$3,006$3,674$3,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,340
EXPENSES Loan Payment -$2,522
Property Tax -$1,286
Property Insurance -$194
HOA -$73
Property Management Fees -$99
CASH FLOW
-$834

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$726,188

PROJECTED PRICE

$3,340

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 4.2%
Maintenance Year (1-5) 3.00%
Vacancy 7.15%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$194,440

INVESTMENT

$194,440

Down Payment
$181,547
Rehab Estimate
$2,000
Closing Costs
$10,893

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,522

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,547
Loan Amount $544,641
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$345

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,340

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $3,330

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,895
1$2,8952$3,3403$3,4504$3,450
$3,450
RENT COMPS ANALYSIS
  • 7608 Alouette Drive Austin, TX 2
    • 4 beds 4 baths ∙ 2,960 Sqft ∙ Built 2021 4 beds 4 baths ∙ 2,960 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,340
    • $1.13
    •  
  • 5821 Viejo Dr Bee Cave, TX 1
    • 4 beds 3 baths ∙ 2,802 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,802 Sqft ∙ Built 2015
    property image
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.03
    •  
  • 5724 Siragusa Dr Bee Cave, TX 3
    • 5 beds 3 baths ∙ 3,015 Sqft ∙ Built 2015 5 beds 3 baths ∙ 3,015 Sqft ∙ Built 2015
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.14
    •  
  • 7208 Jument Drive Austin, TX 4
    • 4 beds 4 baths ∙ 2,662 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,662 Sqft ∙ Built 2020
    property image
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.30
    •  
PROPERTY LISTING DETAILS
Kent Zarbock
1.512.422.0766
Austin Real Estate Experts
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6034590
Last Updated: 01/08/2021
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