Category Description #/% Totals 370000 $ 30000 ... - swpre.com
2607 Gonzales ST Austin TX Rental Model Buyer Proforma Category
Description
Home Guest House
Home Guest House
LIST PRICE ESTIMATED IMPROVEMENTS Upgrade to 3/2 & Minor Updates Complete & Add HVAC INVESTMENT (LIST PRICE + ESTIMATED IMPROVEMENTS) ANNUAL RENTAL REVENUES Monthly Estimate Monthly Estimate
#/%
$ $
$ $
Totals $ $
370,000 30,000
$ $
400,000 44,400
$
13,674
$ $
30,726 8,196 8.30% 12.42%
20,000 10,000
2,700 1,000
Subtotal
Monthly Potential Revenues $ 3,700 ANNUAL OPERATING EXPENSES Taxes 2016 Actual $ 5,474 Insurance 2017 Estimated $ 1,200 Repairs Included in Reserve Maintenanace Included in Reserve HOA None $ Utilities None - Tenant expense $ Tenant Acquisition 1 months rental revenue $ 3,700 Property Management Annual $ 900 Reserve $200 Monthly $ 2,400 PERFORMANCE INDICATORS Net Operating Income Annual Rental Revenues - Annual Operating Expenses Net Cash Flow Net Operating Income - *Annual Debt Service Cap Rate Net Operating Income / Sale Price 1st year Cash on Cash 1st Year Net Cash Flow / (Down Payment + 1% Closing Cost) * $1,877.49 estimated monthly P&I. 5.25% APR. 85% 5/1 Arm. 30-year amortization. 1% closing cost. Calculator: http://www.calculator.net/
1,735.53 SF Improvements
1,344.39 SF Main Home 391.14 SF Guest House 1,735.53 SF Total Living Improvements calculations By Licensed Texas Board Certified Appraiser Document posted on 2607 Gonzales ST Property Website
Projected % Annual Increase in Average Property Values 2016 to 2021 Property Block Group increase higher than Austin, Travis County or Austin Metro
Block Group
Austin
Travis County
Austin Metro
Walk, Transit & Bike Scores
East Austin Google Map
Other – 28.3% Barrios Urbanos Bright Young Professionals Set to Impress Metro Fusion Front Porches Young & Restless
Who Lives in East Austin?
Emerald City - 21.9% 36.6 median age 2.05 avg. household size Older neighborhoods Well educated Exercise & nutrition focus Buy Green Cell phones & text messaging
Fresh Ambitions 9.3%
Metro Renters - 17.4%
28 median age 3.13 avg. household size Row or 2-4 unit housing Multi-generation sensitive Walk & use public transit Over 50% rent Price conscious
31.8 median age 1.66 avg. household size Medium density housing Well educated Value fine arts, education Risk takers, work long hours Socializing & status important
Southwestern Families - 11.1%
College Towns - 12.4%
33.8 median age 3.17 avg. household size Older neighborhoods Family oriented 40% are renters Budget sensitive Quality & green conscious
24.3 median age 2.12 avg. household size Bike & pedestrian friendly 75% are renters Dress for success Online over in person Buy Green
Why Invest in East Austin? East Austin 2016-2021 Trend Advantages vs Austin 278%
300% 250%
East Austin outperforms Austin 2016-2021 in key annual trend indicators
200% 150%
117%
125%
118%
125%
Population
Households
Families
Homes
110%
100% 50% 0%
Home Values
Incomes
2 MI to Seton, UT & Downtown
Downtown
UT area projected value increase
Block Group Map The DARKER the color the HIGHER projected annual % property value increase 2016-2021
Block Group projected annual % property value increase highest in UT area
Austin property value increase
Block Group Map The DARKER the color the HIGHER projected annual % property value increase 2016-2021
Area Block Group vacancy rates
Block Group Map The LIGHTER the color the LOWER the estimated 2016 vacancies
Across from Zaragosa Park
5-10-15 minute drive time map
1.4 miles to I-35
1.4 miles to Airport BLVD
1-3-5 mile radii map
5-10-15 mile radii map
Description
Home Guest House
Home Guest House
LIST PRICE ESTIMATED IMPROVEMENTS Upgrade to 3/2 & Minor Updates Complete & Add HVAC INVESTMENT (LIST PRICE + ESTIMATED IMPROVEMENTS) ANNUAL RENTAL REVENUES Monthly Estimate Monthly Estimate
#/%
$ $
$ $
Totals $ $
370,000 30,000
$ $
400,000 44,400
$
13,674
$ $
30,726 8,196 8.30% 12.42%
20,000 10,000
2,700 1,000
Subtotal
Monthly Potential Revenues $ 3,700 ANNUAL OPERATING EXPENSES Taxes 2016 Actual $ 5,474 Insurance 2017 Estimated $ 1,200 Repairs Included in Reserve Maintenanace Included in Reserve HOA None $ Utilities None - Tenant expense $ Tenant Acquisition 1 months rental revenue $ 3,700 Property Management Annual $ 900 Reserve $200 Monthly $ 2,400 PERFORMANCE INDICATORS Net Operating Income Annual Rental Revenues - Annual Operating Expenses Net Cash Flow Net Operating Income - *Annual Debt Service Cap Rate Net Operating Income / Sale Price 1st year Cash on Cash 1st Year Net Cash Flow / (Down Payment + 1% Closing Cost) * $1,877.49 estimated monthly P&I. 5.25% APR. 85% 5/1 Arm. 30-year amortization. 1% closing cost. Calculator: http://www.calculator.net/
1,735.53 SF Improvements
1,344.39 SF Main Home 391.14 SF Guest House 1,735.53 SF Total Living Improvements calculations By Licensed Texas Board Certified Appraiser Document posted on 2607 Gonzales ST Property Website
Projected % Annual Increase in Average Property Values 2016 to 2021 Property Block Group increase higher than Austin, Travis County or Austin Metro
Block Group
Austin
Travis County
Austin Metro
Walk, Transit & Bike Scores
East Austin Google Map
Other – 28.3% Barrios Urbanos Bright Young Professionals Set to Impress Metro Fusion Front Porches Young & Restless
Who Lives in East Austin?
Emerald City - 21.9% 36.6 median age 2.05 avg. household size Older neighborhoods Well educated Exercise & nutrition focus Buy Green Cell phones & text messaging
Fresh Ambitions 9.3%
Metro Renters - 17.4%
28 median age 3.13 avg. household size Row or 2-4 unit housing Multi-generation sensitive Walk & use public transit Over 50% rent Price conscious
31.8 median age 1.66 avg. household size Medium density housing Well educated Value fine arts, education Risk takers, work long hours Socializing & status important
Southwestern Families - 11.1%
College Towns - 12.4%
33.8 median age 3.17 avg. household size Older neighborhoods Family oriented 40% are renters Budget sensitive Quality & green conscious
24.3 median age 2.12 avg. household size Bike & pedestrian friendly 75% are renters Dress for success Online over in person Buy Green
Why Invest in East Austin? East Austin 2016-2021 Trend Advantages vs Austin 278%
300% 250%
East Austin outperforms Austin 2016-2021 in key annual trend indicators
200% 150%
117%
125%
118%
125%
Population
Households
Families
Homes
110%
100% 50% 0%
Home Values
Incomes
2 MI to Seton, UT & Downtown
Downtown
UT area projected value increase
Block Group Map The DARKER the color the HIGHER projected annual % property value increase 2016-2021
Block Group projected annual % property value increase highest in UT area
Austin property value increase
Block Group Map The DARKER the color the HIGHER projected annual % property value increase 2016-2021
Area Block Group vacancy rates
Block Group Map The LIGHTER the color the LOWER the estimated 2016 vacancies
Across from Zaragosa Park
5-10-15 minute drive time map
1.4 miles to I-35
1.4 miles to Airport BLVD
1-3-5 mile radii map
5-10-15 mile radii map
