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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $160.03
- 3 Days on Market
- MLS # : 8595727
- Updated Date : 11/21/2020 at 00:17
CONSTRUCTION
- Beds : 3
- Floor Size : 1,874 sqft
- Baths : 2 full
Listing Agent
Elite Realty Advisors
Listing Agent's Description
You will love this beautiful, bright, like-new David Weekley home! In Buda's desirable Stoneridge subdivision, this three bedroom, two bath floorpan is open, bright, and inviting. Less than a year old, it offers open concept living, high-end finishes, and David Weekley's excellent build reputation all at an affordable price. Don't miss the flex room, which could be a great game room, office, or formal dining. The oversize covered patio offers a great view and evening shade. Plus, windows galore allow in tons of natural light! This home has tons of modern touches like white shaker cabinets, recessed lighting, stainless steel appliances, subway tile, ceramic tile flooring, high ceilings, a 2" faux-wood blinds throughout. The spacious master bathroom offers dual vanities, an oversize shower, and a large walk-in closet. It even has builder warranties remaining! Don't miss out, this great home won't last long.
SEE MORE
- 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
Zip Code: 78610
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78610
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,940 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$649 | |
| Property Insurance | -$133 | |
| HOA | -$21 | |
| Property Management Fees | -$155 | |
|
CASH FLOW
-$124
|
||
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.
$299,900
PROJECTED PRICE
$1,940
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 4.2% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.72% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$81,474
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
2.08
YEARS SAVED
$4,878
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,940
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$1,930
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
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766 Bridgestone Way Buda, TX 4
- 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $1,940
- $1.04
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2110 Constellation Dr Buda, TX 1
- 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2008
LEASED 06/20/20- Rent
- Rent Per SQFT
- $1,795
- $1.01
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2041 Livonia Drive Buda, TX 2
- 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 2010
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,825
- $1.03
-
140 Stone Crest Boulevard Buda, TX 3
- 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 2008
LEASED 05/05/20- Rent
- Rent Per SQFT
- $1,850
- $1.07
PROPERTY LISTING DETAILS
1.512.964.8505
Elite Realty Advisors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 8595727
Last Updated: 11/21/2020
