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822 Palitine Lane Pflugerville, TX 78660

3 Beds 3 Baths 1,930 sqft Built 2000

$275,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2000
  • Price/Sqft : $142.49
  • 49 Days on Market
  • MLS # : 6515481
  • Updated Date : 10/24/2020 at 01:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,930 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty-rr

Listing Agent's Description

Easy to show in person or virtual tour~Amazing Price! 3 bedroom/2.5 bath in Springbrook~Many recent updates~Stained Concrete on main level~Kitchen and Dining Area open to Family Room~Master suite upstairs with 2 walk in closets & beautiful remodeled bathroom done in 2019 w/Double vanities & Oversized shower~ Spacious secondary Rooms and Shared full bath~New carpet and interior Paint 2020~New double hung Windows 2019~Solar Screens~New Front Door 2019~ Large Backyard w/shed~ 2 Peach trees,1 Fig, & 2 Muscadine Grape~2016 Water Heater~ HVAC replaced in 2015 and has had yearly maintenance~2016 Ducts~2015 Garage Door

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: Springbrook One

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $116k298k

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

Neighborhood: Springbrook One

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9371779

* 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
Windermere Elementary School Primary Regular 447 34 6
Park Crest Middle School Middle Regular 940 66 7
Pflugerville High School High Regular 2,256 143 7

Windermere Elementary School

  • Education Level: Primary
  • # of students: 447
  • # of teachers: 34
6
GreatSchools Rating

Park Crest Middle School

  • Education Level: Middle
  • # of students: 940
  • # of teachers: 66
7
GreatSchools Rating

Pflugerville High School

  • Education Level: High
  • # of students: 2,256
  • # of teachers: 143
7
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,015
Property Tax -$628
Property Insurance -$136
HOA -$19
Property Management Fees -$134
CASH FLOW
-$252

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.

$275,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 8.0%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$337

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,776

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,6504$1,6805$1,745
$1,745
RENT COMPS ANALYSIS
  • 822 Palitine Lane Pflugerville, TX 4
    • 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.87
    •  
  • 17837 Madden Dr Pflugerville, TX 1
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1999
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.90
    •  
  • 826 Palitine Ln Pflugerville, TX 2
    • 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 2001
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 17909 Madden Dr Pflugerville, TX 3
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1999
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 17517 Wiseman Dr Pflugerville, TX 5
    • 3 beds 3 baths ∙ 1,850 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,850 Sqft ∙ Built 2001
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.94
    •  
PROPERTY LISTING DETAILS
Robert Fischer
1.512.994.0247
Keller Williams Realty-rr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6515481
Last Updated: 10/24/2020
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