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8414 Spring Valley Drive Austin, TX 78736

2 Beds 2 Baths 1,470 sqft Built 1983

$299,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $204.01
  • 4 Days on Market
  • MLS # : 1801031
  • Updated Date : 11/06/2020 at 15:46
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,470 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Great opportunity for a family looking for a unique home in the South West. This house has vaulted ceiling, a spiral stair case leading to a large loft, tons of natural light, a fireplace, mature trees and no HOA. This house will move fast, so come see it soon.

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: 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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,107
Property Tax -$590
Property Insurance -$110
Property Management Fees -$142
CASH FLOW
-$178

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.

$299,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.59%

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

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$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,144

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $1,959

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,7704$2,0955$2,100
$2,100
RENT COMPS ANALYSIS
  • 8414 Spring Valley Drive Austin, TX 3
    • 2 beds 2 baths ∙ 1,470 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,470 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $1.20
    •  
  • 6620 W Creekview Drive Austin, TX 1
    • 2 beds 1 baths ∙ 1,300 Sqft ∙ Built 2001 2 beds 1 baths ∙ 1,300 Sqft ∙ Built 2001
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.30
    •  
  • 6801 Kenosha Pass Austin, TX 2
    • 2 beds 2 baths ∙ 1,320 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,320 Sqft ∙ Built 1986
    property image
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.29
    •  
  • 6705 Covered Bridge Drive #33 Austin, TX 4
    • 2 beds 2 baths ∙ 1,497 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,497 Sqft ∙ Built 2006
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.40
    •  
  • 8805 Mountain Shadows Cove #a Austin, TX 5
    • 2 beds 3 baths ∙ 1,564 Sqft ∙ Built 2003 2 beds 3 baths ∙ 1,564 Sqft ∙ Built 2003
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.34
    •  
PROPERTY LISTING DETAILS
Andrew Bryant
1.512.621.4906
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1801031
Last Updated: 11/06/2020
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