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

8407 Longview Road Austin, TX 78745

3 Beds 3 Baths 1,619 sqft Built 1996

$325,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $200.74
  • 3 Days on Market
  • MLS # : 8127987
  • Updated Date : 01/02/2021 at 20:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,619 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Austin

Listing Agent's Description

You'll adore this charming South Austin home nestled in the highly sought-after 78745! So cute and lovingly cared for, you'll enjoy three spacious bedrooms, main level primary suite and laundry, two full and one half baths, high vaulted ceilings, recently installed carpet, fresh interior paint, stainless kitchen appliances, ceiling fans, updated door hardware, two-car garage, lots of guest parking, sprinkler system, and more! Located within short distance to downtown, Central Market, Moontower, Manchaca bar district, great South Austin restaurants, nature preserves and parks.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Southwest Austin

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $128k410k

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

Neighborhood: Southwest Austin

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9882157

* 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
Sunset Valley Elementary School Primary Regular 518 39 5
Covington Middle School Middle Regular 634 51 5
Crockett High School High Regular 1,498 105 4

Sunset Valley Elementary School

  • Education Level: Primary
  • # of students: 518
  • # of teachers: 39
5
GreatSchools Rating

Covington Middle School

  • Education Level: Middle
  • # of students: 634
  • # of teachers: 51
5
GreatSchools Rating

Crockett High School

  • Education Level: High
  • # of students: 1,498
  • # of teachers: 105
4
GreatSchools Rating
 

$292,500$357,500$325,000

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 -$1,199
Property Tax -$639
Property Insurance -$118
Property Management Fees -$99
CASH FLOW
-$315

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.

$325,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 8.4%
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-$8.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,081

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
  • $1.07

    LIST RENT PER SQFT
  • $1,765

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,8003$1,8504$1,8505$1,875
$1,875
RENT COMPS ANALYSIS
  • 8407 Longview Road Austin, TX 1
    • 3 beds 3 baths ∙ 1,619 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,619 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.07
    •  
  • 8501 Bismark Cv Austin, TX 2
    • 3 beds 3 baths ∙ 1,789 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,789 Sqft ∙ Built 1993
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.01
    •  
  • 8605 Cretys Cv Austin, TX 3
    • 4 beds 3 baths ∙ 1,584 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,584 Sqft ∙ Built 1993
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.17
    •  
  • 3108 Linnet Drive Austin, TX 4
    • 3 beds 3 baths ∙ 1,648 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,648 Sqft ∙ Built 1986
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.12
    •  
  • 8611 Cretys Cv Austin, TX 5
    • 3 beds 3 baths ∙ 1,765 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,765 Sqft ∙ Built 1992
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.06
    •  
PROPERTY LISTING DETAILS
Amy Mills
1.512.762.0585
Realty Austin
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8127987
Last Updated: 01/02/2021
BESbswy