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8129 Tockington Way Austin, TX 78748

3 Beds 3 Baths 1,375 sqft Built 1994

$310,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $225.45
  • 4 Days on Market
  • MLS # : 6295867
  • Updated Date : 12/12/2020 at 22:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,375 sqft
  • Baths : 2 full , 1 half
Listing Agent

Wilson & Goldrick Realtors

Listing Agent's Description

Welcoming floor plan with abundant natural light near Dittmar Park. Well-maintained and move-in ready. Updates include 2019 kitchen improvements, paint, water heater and 2016 roof! Comfortable bedrooms with walk-in closets and a large, private back yard.

SEE MORE

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: Parkwood

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k378k

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

Neighborhood: Parkwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9371966

* 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
Casey Elementary School Primary Regular 665 44 5
Bedichek Middle School Middle Regular 969 72 3
Akins High School High Regular 2,667 155 4

Casey Elementary School

  • Education Level: Primary
  • # of students: 665
  • # of teachers: 44
5
GreatSchools Rating

Bedichek Middle School

  • Education Level: Middle
  • # of students: 969
  • # of teachers: 72
3
GreatSchools Rating

Akins High School

  • Education Level: High
  • # of students: 2,667
  • # of teachers: 155
4
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,144
Property Tax -$610
Property Insurance -$105
Property Management Fees -$99
CASH FLOW
-$217

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.

$310,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,314

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $1,736

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$1,645
1$1,6452$1,6953$1,7404$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 8129 Tockington Way Austin, TX 3
    • 3 beds 3 baths ∙ 1,375 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,375 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.27
    •  
  • 8101 Tockington Austin, TX 1
    • 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 1995
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.27
    •  
  • 8127 Almondsbury Ln Austin, TX 2
    • 3 beds 3 baths ∙ 1,380 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,380 Sqft ∙ Built 1995
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.23
    •  
  • 618 Mairo Street Austin, TX 4
    • 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1979
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.21
    •  
  • 8108 Huddleston Lane Austin, TX 5
    • 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1995
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.34
    •  
PROPERTY LISTING DETAILS
Dru Brown
1.512.658.5428
Wilson & Goldrick Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6295867
Last Updated: 12/12/2020
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