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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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!
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northeast Austin
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,832
LOAN DETAILS
$1,251
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $84,748 |
| Loan Amount | $254,243 |
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
-
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
1.512.270.6196
D.r. Horton, America's Builder
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 3710905
Last Updated: 11/13/2020
