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7708 Jacobean Way Austin, TX 78724

4 Beds 3 Baths 2,138 sqft Built 2020

$338,990

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $158.55
  • 3 Days on Market
  • MLS # : 3710905
  • Updated Date : 11/13/2020 at 16:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,138 sqft
  • Baths : 2 full , 1 half
Listing Agent

D.r. Horton, America's Builder

Listing Agent's Description

UNDER CONSTRUCTION - EST. COMPLETION IN JUNE 2021. New Modern exterior architecture - The Rushmore Plan offer 2138 square-feet of living space, 2 story and master down - single-family home located in Parker Station. This available new home in Austin offers 4 bedrooms, 2 1/2 bathrooms, luxurious open-concept kitchen with open bar top, generously-sized Silestone counter tops, and spacious cabinets - natural gas stainless steel appliances! Beautiful Master suite includes a large master closet - spacious walk-in tiled shower with double vanities. On a separate private wing, there are 3 more bedrooms are upstairs with a private full bath, plus a large laundry room down. This new home includes a fully sodded yard with irrigation and professional landscaping. We also feature a modern elegant exterior designs!! This home comes with “Home is Connected package (smart home)! Come see this beautiful new community located within minutes of the Austin Skyline and major entertainment district. We look forward to meeting you!

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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: Northeast Austin

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $106k378k

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

Neighborhood: Northeast Austin

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600170018001900Rent in $7761966

* 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
Decker Elementary School Primary Regular 724 42 4
Decker Middle School Middle Regular 912 54 3
Manor New Technology High School High Regular 385 30 8

Decker Elementary School

  • Education Level: Primary
  • # of students: 724
  • # of teachers: 42
4
GreatSchools Rating

Decker Middle School

  • Education Level: Middle
  • # of students: 912
  • # of teachers: 54
3
GreatSchools Rating

Manor New Technology High School

  • Education Level: High
  • # of students: 385
  • # of teachers: 30
8
GreatSchools Rating
 

$305,091$372,889$338,990

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,251
Property Tax -$668
Property Insurance -$147
HOA -$60
Property Management Fees -$168
CASH FLOW
-$194

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$338,990

PROJECTED PRICE

$2,100

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 9.4%
Maintenance Year (1-5) 3.00%
Vacancy 6.13%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,832

INVESTMENT

$91,832

Down Payment
$84,748
Rehab Estimate
$2,000
Closing Costs
$5,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,251

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,748
Loan Amount $254,243
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,196

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,101

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,0503$2,0504$2,1005$2,250
$2,250
RENT COMPS ANALYSIS
  • 7708 Jacobean Way Austin, TX 4
    • 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
  • 8108 Linnie Ln Austin, TX 1
    • 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 2019
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.97
    •  
  • 7920 City Top Boulevard Austin, TX 2
    • 4 beds 2 baths ∙ 2,025 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,025 Sqft ∙ Built 2020
    property image
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.01
    •  
  • 8201 Linnie Lane Austin, TX 3
    • 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2019
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.96
    •  
  • 7917 Linnie Lane Austin, TX 5
    • 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 2020
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.99
    •  
PROPERTY LISTING DETAILS
Dave Clinton
1.512.270.6196
D.r. Horton, America's Builder
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3710905
Last Updated: 11/13/2020
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