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8202 Burnt Circle Austin, TX 78736

3 Beds 3 Baths 2,040 sqft Built 1982

$340,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $166.67
  • 5 Days on Market
  • MLS # : 1432889
  • Updated Date : 11/19/2020 at 19:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,040 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Austin

Listing Agent's Description

Multiple OFFERS. Accepting offers until midnight tonight (Thursday). Selling AS-IS. Remodel partially completed, still has work to be done. LOW Tax rate. Cul de Sac. One of the largest lots (.497 acres) in Windmill Run. Backs to wet weather creek (not in a flood zone), with tons of trees and privacy. RV/Boat parking area with a privacy fence. Raised garden beds. Tankless hot water heater (2009), roof (2012), HVAC (2009), hardie board siding with partial rock/stone. Converted garage with a window unit AC. Potential, potential, potential. All work was permitted and permits are closed. Wooded views from Primary and secondary bedrooms. Washer/Dryer/Fridge Convey.

SEE MORE

MARKET HIGHLIGHTS

  • 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

Neighborhood: West Oak Hill

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420k440kPrice in $136k446k

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

Neighborhood: West Oak Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9972315

* 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
Patton Elementary School Primary Regular 945 56 6
Small Middle School Middle Regular 1,003 61 6
Bowie High School High Regular 2,871 161 9

Patton Elementary School

  • Education Level: Primary
  • # of students: 945
  • # of teachers: 56
6
GreatSchools Rating

Small Middle School

  • Education Level: Middle
  • # of students: 1,003
  • # of teachers: 61
6
GreatSchools Rating

Bowie High School

  • Education Level: High
  • # of students: 2,871
  • # of teachers: 161
9
GreatSchools Rating
 

$306,000$374,000$340,000

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 -$1,254
Property Tax -$669
Property Insurance -$142
Property Management Fees -$168
CASH FLOW
-$133

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.

$340,000

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) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.80%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,976

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
  • $1.03

    LIST RENT PER SQFT
  • $2,198

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,1004$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 8202 Burnt Circle Austin, TX 3
    • 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 1982 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.03
    •  
  • 7509 Callbram Ln Austin, TX 1
    • 4 beds 3 baths ∙ 2,134 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,134 Sqft ∙ Built 1993
    property image
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 6931 Chinook Dr Austin, TX 2
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1991
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.11
    •  
  • 7709 Black Mountain Dr Austin, TX 4
    • 4 beds 2 baths ∙ 2,073 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,073 Sqft ∙ Built 2005
    property image
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.09
    •  
  • 6701 Covered Bridge Drive #41 Austin, TX 5
    • 3 beds 3 baths ∙ 1,967 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,967 Sqft ∙ Built 2006
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.17
    •  
PROPERTY LISTING DETAILS
Victoria Wilson
1.512.748.7514
Realty Austin
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1432889
Last Updated: 11/19/2020
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