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900 Craters Of The Moon Boulevard Pflugerville, TX 78660

3 Beds 3 Baths 1,422 sqft Built 2010

$265,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $186.36
  • 4 Days on Market
  • MLS # : 3382420
  • Updated Date : 02/05/2021 at 19:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,422 sqft
  • Baths : 2 full , 1 half
Listing Agent

Reliance Realty Group

Listing Agent's Description

Location, location, location. You would be lucky to call this adorable house your home. 3 bedrooms, 2.5 baths, a large front porch, 2 car garage. Easy access to Highland Park hike and bike trails, pool access and new park down the road. Great open floorplan with no carpet downstairs. Kitchen features all black appliances and granite countertops. Home is adjacent to walking trail, as a result lot feels more spacious. Easy access to Stonehill shopping center. Raised beds in backyard are ready for spring planting.

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: Highland Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $112k410k

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

Neighborhood: Highland Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9942157

* 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
Highland Park Elementary School Primary Regular 736 52 9
Park Crest Middle School Middle Regular 940 66 7
Hendrickson High School High Regular 2,771 160 8

Highland Park Elementary School

  • Education Level: Primary
  • # of students: 736
  • # of teachers: 52
9
GreatSchools Rating

Park Crest Middle School

  • Education Level: Middle
  • # of students: 940
  • # of teachers: 66
7
GreatSchools Rating

Hendrickson High School

  • Education Level: High
  • # of students: 2,771
  • # of teachers: 160
8
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$920
Property Tax -$605
Property Insurance -$107
HOA -$41
Property Management Fees -$99
CASH FLOW
-$213

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.

$265,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 4.2%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$962

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,564

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5603$1,6254$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 900 Craters Of The Moon Boulevard Pflugerville, TX 2
    • 3 beds 3 baths ∙ 1,422 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,422 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.10
    •  
  • 918 Craters Of The Moon Boulevard Pflugerville, TX 1
    • 3 beds 3 baths ∙ 1,366 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,366 Sqft ∙ Built 2011
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.10
    •  
  • 1001 Craters Of The Moon Blvd Pflugerville, TX 3
    • 3 beds 3 baths ∙ 1,496 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,496 Sqft ∙ Built 2011
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.09
    •  
  • 901 Craters Of The Moon Boulevard Pflugerville, TX 4
    • 3 beds 3 baths ∙ 1,496 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,496 Sqft ∙ Built 2010
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.10
    •  
  • 901 Niobrara River Dr Pflugerville, TX 5
    • 4 beds 2 baths ∙ 1,580 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,580 Sqft ∙ Built 2012
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.11
    •  
PROPERTY LISTING DETAILS
Sara Hough
Reliance Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3382420
Last Updated: 02/05/2021
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