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8904 Edmundsbury Drive Austin, TX 78747

3 Beds 3 Baths 2,068 sqft Built 2013

$305,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $147.49
  • 4 Days on Market
  • MLS # : 1439701
  • Updated Date : 02/26/2021 at 04:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,068 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Must see to appreciate this beautiful meticulously cared for home by original owners. Nice open floorpan downstairs, large kitchen with lots of cabinet storage. Nice open floorpan with a kitchen that overlooks both the dining and the living area, and makes it great for entertaining! Lots of natural light and good-sized backyard. Half bath and laundry room downstairs. Nice bonus room upstairs that can be used for a game room, hobby room, extra living area, office or gym! Home is very conveniently located within walking distance to the large community pool, playground and sports court. Great location! Close To the newly built HEB, Southpark Meadows, Easy Access to 1-35, Downtown, & Tesla Giga Plant. This One Will Go Fast!!! (Refrigerator, Washer and Dryer do not convey).

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: Springfield at Thaxton Road

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $125k378k

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

Neighborhood: Springfield at Thaxton Road

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8911966

* 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
Blazier Elementary School Primary Regular 967 63 7
Paredes Middle School Middle Regular 1,032 69 4
Akins High School High Regular 2,667 155 4

Blazier Elementary School

  • Education Level: Primary
  • # of students: 967
  • # of teachers: 63
7
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
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,059
Property Tax -$600
Property Insurance -$143
HOA -$25
Property Management Fees -$99
CASH FLOW
-$217

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.

$305,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
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$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,871

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,758

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7103$1,7874$1,800
$1,800
RENT COMPS ANALYSIS
  • 8904 Edmundsbury Drive Austin, TX 2
    • 3 beds 3 baths ∙ 2,068 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,068 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.83
    •  
  • 9005 Stambourne Street Austin, TX 1
    • 3 beds 3 baths ∙ 2,068 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,068 Sqft ∙ Built 2012
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.82
    •  
  • 9124 Edmundsbury Dr Austin, TX 3
    • 3 beds 3 baths ∙ 2,068 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,068 Sqft ∙ Built 2012
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,787
    • $0.86
    •  
  • 9016 Stambourne Street Austin, TX 4
    • 3 beds 3 baths ∙ 2,101 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,101 Sqft ∙ Built 2012
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
PROPERTY LISTING DETAILS
Mary Ann Sanchez-benavides
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1439701
Last Updated: 02/26/2021
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