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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $182.09
- 3 Days on Market
- MLS # : 2935479
- Updated Date : 12/06/2020 at 01:16
CONSTRUCTION
- Beds : 2
- Floor Size : 1,016 sqft
- Baths : 2 full
Listing Agent
Kuper Sotheby's Itl Rlty
Listing Agent's Description
Best and Highest by Sunday at 6 p.m. Cute, charming 2/2 in Leander. Come enjoy the centrally located fireplace, abundance of kitchen cabinets, the open feeling the tall ceilings create, and the nice sized backyard. The flooring in the bedrooms is new and the other flooring is painted concrete. NO carpet! Hurry - this one won't last long.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 78641
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78641
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,290 |
| EXPENSES | Loan Payment | -$683 |
| Property Tax | -$428 | |
| Property Insurance | -$84 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$4
|
||
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.
$185,000
PROJECTED PRICE
$1,290
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 6.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.72% |
| 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
$54,775
LOAN DETAILS
$683
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $46,250 |
| Loan Amount | $138,750 |
4.33
YEARS SAVED
$9,134
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,290
LIST RENT -
$1.27
LIST RENT PER SQFT
-
$1,087
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
826 Eagles Way Leander, TX 4
- 2 beds 2 baths ∙ 1,016 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,016 Sqft ∙ Built 1986
![property image]()
- Rent
- Rent Per SQFT
- $1,290
- $1.27
-
304 N Brushy St Leander, TX 1
- 2 beds 1 baths ∙ 1,260 Sqft ∙ Built 1920 2 beds 1 baths ∙ 1,260 Sqft ∙ Built 1920
![property image]()
LEASED 07/03/20- Rent
- Rent Per SQFT
- $1,150
- $0.91
-
705 Apache Trail #114 Leander, TX 2
- 2 beds 3 baths ∙ 1,084 Sqft ∙ Built 2020 2 beds 3 baths ∙ 1,084 Sqft ∙ Built 2020
![property image]()
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,250
- $1.15
-
705 Apache Trail #512 Leander, TX 3
- 2 beds 3 baths ∙ 1,084 Sqft ∙ Built 2020 2 beds 3 baths ∙ 1,084 Sqft ∙ Built 2020
![property image]()
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,250
- $1.15
PROPERTY LISTING DETAILS
1.512.619.4044
Kuper Sotheby's Itl Rlty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 2935479
Last Updated: 12/06/2020
