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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $158.35
- 3 Days on Market
- MLS # : 4112327
- Updated Date : 02/06/2021 at 19:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,526 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams - Lake Travis
Listing Agent's Description
Shaded front yard under mature oaks. 6 cars can park in driveway. 1st floor: formal living/dining, half bath, family room with fireplace open to kitchen & dining plus huge utility/pantry with garage access. All 3 bedrooms are massive, upstairs & with big closets. Master bath has back to back, separated vanities, garden tub/shower and dual walk in closets. Blinds in all windows. Back deck to patio & fenced yard with mature trees for shade. Close to Manchaca & Slaughter Lane: near shopping, dining, groceries, etc.
SEE MORE
- 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: Waterloo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Waterloo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,100 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$787 | |
| Property Insurance | -$169 | |
| HOA | -$10 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$354
|
||
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.
$400,000
PROJECTED PRICE
$2,100
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 8.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.80% |
| 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
$111,750
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
0.67
YEARS SAVED
$1,052
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 -
$0.83
LIST RENT PER SQFT
-
$2,374
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
8417 Steamline Circle Austin, TX 2
- 3 beds 3 baths ∙ 2,526 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,526 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $2,100
- $0.83
-
8312 Minnesota Ln Austin, TX 1
- 4 beds 3 baths ∙ 2,372 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,372 Sqft ∙ Built 2005
LEASED 04/27/20- Rent
- Rent Per SQFT
- $2,099
- $0.88
-
1900 Quivira Road Austin, TX 3
- 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2001
LEASED 12/03/20- Rent
- Rent Per SQFT
- $2,195
- $0.93
-
2304 Keepsake Drive Austin, TX 4
- 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2004
LEASED 09/16/20- Rent
- Rent Per SQFT
- $2,280
- $0.94
-
8711 Chisholm Lane Austin, TX 5
- 3 beds 4 baths ∙ 2,432 Sqft ∙ Built 1999 3 beds 4 baths ∙ 2,432 Sqft ∙ Built 1999
LEASED 09/17/20- Rent
- Rent Per SQFT
- $2,450
- $1.01
PROPERTY LISTING DETAILS
Keller Williams - Lake Travis
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 4112327
Last Updated: 02/06/2021
