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9212 United Kingdom Dr Austin, TX 78748

4 Beds 2 Baths 1,362 sqft Built 1986

INVESTimate

$314,900

List Price

$1,800

$1,620 - $1,980

Rent Est.

$345,130  ( +9.60%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1986
  • Price/Sqft : $231.20
  • 54 Days on Market
  • MLS # : 5546085
  • Updated Date : 08/20/2020 at 14:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,362 sqft
  • Baths : 2 full
Listing Agent

Living Texas Real Estate

Listing Agent's Description

Rare find in South Austin for this price! Sitting on a large corner lot at the corner of Slaughter Lane and United Kingdom Drive, this home is close to restaurants, shopping, and major highways. Home features 4 bedrooms, 2 baths, and a bonus garage flex room, which can be converted back at buyer's request. Large corner lot with mature trees, huge covered patio, and storage building with cute metal roof. Fresh neutral paint throughout, and water heater recently replaced. Home is ready to make your own!

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: Buckingham Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $90k378k

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

Neighborhood: Buckingham 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
Bedichek Middle School Middle Regular 969 72 3
Akins High School High Regular 2,667 155 4

Casey Elementary School

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

Bedichek Middle School

  • Education Level: Middle
  • # of students: 969
  • # of teachers: 72
3
GreatSchools Rating

Akins High School

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

$283,410$346,390$314,900

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,162
Property Tax -$610
Property Insurance -$104
Property Management Fees -$144
CASH FLOW
-$220

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.

$314,900

PROJECTED PRICE

$1,800

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 9.60%
Maintenance Year (1-5) 8.00%
Vacancy 6.13%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,681

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $1,747

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,6953$1,8004$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 9212 United Kingdom Dr Austin, 4
    • 4 beds 2 baths ∙ 1,362 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,362 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.32
    •  
  • 1006 Minturn Ln Austin, 1
    • 3 beds 2 baths ∙ 1,278 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,278 Sqft ∙ Built 1986
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.33
    •  
  • 711 N Minturn Ln N Austin, 2
    • 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1993
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.29
    •  
  • 1504 Beebrush Ln Austin, 3
    • 3 beds 3 baths ∙ 1,501 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,501 Sqft ∙ Built 2012
    LEASED 10/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.20
    •  
  • 9101 Palace Pkwy Austin, 5
    • 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1990
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.31
    •  
PROPERTY LISTING DETAILS
Devan Dorsett
1.512.577.6446
Living Texas Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5546085
Last Updated: 08/20/2020
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