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8809 Frock Court Austin, TX 78748

3 Beds 2 Baths 1,371 sqft Built 2000

$329,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $240.63
  • 3 Days on Market
  • MLS # : 3726881
  • Updated Date : 03/05/2021 at 23:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,371 sqft
  • Baths : 2 full
Listing Agent

All City Real Estate Ltd. Co

Listing Agent's Description

Awesome 3/2/2 in the Heart of South Austin with tons of Updates! Spacious Open Floorplan with many improvements including New 8mm laminate wood flooring, Custom Interior Paint, and Updated Fixtures. Kitchen is Open to Living area and features a Center Island with Butcher Block and Stainless Steel appliances! Amazing Private Backyard great for Entertaining with 9 ft fencing, Covered patio, Open deck, and Hot Tub! Other Exterior improvements include New roof 2017, full gutters and Fresh Paint. Quiet neighborhood close to HEB, shopping, great restaurants and live music!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Laurelwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $106k378k

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

Neighborhood: Laurelwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600170018001900Rent in $7761966

* 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
Casey Elementary School Primary Regular 665 44 5
Paredes Middle School Middle Regular 1,032 69 4
Akins High School High Regular 2,667 155 4

Casey Elementary School

  • Education Level: Primary
  • # of students: 665
  • # of teachers: 44
5
GreatSchools Rating

Paredes Middle School

  • Education Level: Middle
  • # of students: 1,032
  • # of teachers: 69
4
GreatSchools Rating

Akins High School

  • Education Level: High
  • # of students: 2,667
  • # of teachers: 155
4
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,146
Property Tax -$649
Property Insurance -$104
Property Management Fees -$99
CASH FLOW
-$218

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$329,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.13%
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-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,334

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $1,775

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$1,7804$1,7955$1,795
$1,795
RENT COMPS ANALYSIS
  • 8809 Frock Court Austin, TX 3
    • 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $1.30
    •  
  • 8805 Frock Court Austin, TX 1
    • 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 2000
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.24
    •  
  • 8703 Davis Oaks Trl Austin, TX 2
    • 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 2005
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.32
    •  
  • 8609 Kimono Ridge Drive Austin, TX 4
    • 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 2001
    property image
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.31
    •  
  • 8905 Frock Court Austin, TX 5
    • 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 2000
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.31
    •  
PROPERTY LISTING DETAILS
Tye Cobb
All City Real Estate Ltd. Co
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3726881
Last Updated: 03/05/2021
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