Top 10 Austin Foreclosure List
Friday, December 26, 2008
by Kent Redding
Top 10 Foreclosure List
Week of 12/17/08
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14402 Pebble Run Path, Manor, TX 78653
Near intersection of 290 and 45 toll way for quick access to north/south employers.
School District: Manor ISD
Asking Price: $95,000, 1012 sq ft. 3/2, built in 2006
Lease: $900/month, Cap Rate: 8%
Monthly Positive Cash Flow: $148
Pro Forma Value in 5 yrs: $133,034; 5 yr ROI: 49%
9% under recent sales comps, 6% under tax appraisal
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12929 White House St, Manor, TX 78653
Easy access to Shadow Glen Golf Club, toll ways and major technology employers.
School District: Manor ISD
Asking Price: $99,100, 1422 sq ft. 3/2/1, built in 2005
Lease: $1000/month, Cap Rate: 8%
Monthly Positive Cash Flow: $197
Pro Forma Value in 5 yrs: $148,820; 5 yr ROI: 62%
15% under recent sales comps, 19% under tax appraisal
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12513 Mexicana Cv, Del Valle, TX 78617
Near Austin Bergstrom International Airport and new north/south toll road for easy access anywhere
School District: Del Valle ISD
Asking Price: $99,750, 1659 sq ft. 3/2/1, built in 2004
Lease: $1050/month, Cap Rate: 9%
Monthly Positive Cash Flow: $241
Pro Forma Value in 5 yrs: $158,801; 5 yr ROI: 74%
20% under recent sales comps, 24% under tax appraisal
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12801 Wedding Dr, Manor, TX 78653
Easy access to Shadow Glen Golf Club, toll ways and major technology employers.
School District: Manor ISD
Asking Price: $103,000, 1953 sq ft. 4/2, built in 2006
Lease: $1050/month, Cap Rate: 8%
Monthly Positive Cash Flow: $220
Pro Forma Value in 5 yrs: $152,047; 5 yr ROI: 60%
14% under recent sales comps, 27% under tax appraisal
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4414 Magin Meadow Dr, Austin, TX 78744
Great location one block from Kendra Page Park. Close in location provides easy access to central Austin.
School District: Austin ISD
Asking Price: $104,900, 1426 sq ft, 4/2/1, built in 2005
Lease: $1250/month, Cap Rate: 10%
Monthly Positive Cash Flow: $364
Pro Forma Value in 5 yrs: $134,678; 5 yr ROI: 49%
1% under recent sales comps, 4% under tax appraisal
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7425 Elk Pass Dr, Austin, TX 78744
Located in desirable Colorado Crossing - close to jobs, highways and airport without lots of noise.
School District: Del Valle ISD
Asking Price: $109,900, 1324 sq ft. 3/2, built in 2006
Lease: $1060/month, Cap Rate: 8%
Monthly Positive Cash Flow: $149
Pro Forma Value in 5 yrs: $152,082; 5 yr ROI: 47%
8% under recent sales comps, 9% under tax appraisal
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504 HARVEST CV, Cedar Park, TX 78613
Good schools and easy access to new light rail station and 183 Tollway.
School District: Leander ISD
Asking Price: $111,900, 1410 sq ft, 3/2/1, built in 1993
Lease: $1000/month, Cap Rate: 8%
Monthly Positive Cash Flow: $162
Pro Forma Value in 5 yrs: $174,557; 5 yr ROI: 65%
18% under recent sales comps, 11% under tax appraisal
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6104 Perlita Dr, Austin, TX 78724
Near parks, good schools and north technology employers.
School District: Manor ISD
Asking Price: $199,500, 1352 sq ft. 3/2/1, built in 2004
Lease: $1195/month, Cap Rate: 8%
Monthly Positive Cash Flow: $208
Pro Forma Value in 5 yrs: $184,632; 5 yr ROI: 65%
17% under recent sales comps, 4% under tax appraisal
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6420 Tara Dr, Austin, TX 78747
Excellent south central neighborhood with community pool, hike and bike trails and good schools.
School District: Austin ISD
Asking Price: $119,900, 2111 sq ft. 3/2/1, built in 2002
Lease: $1250/month, Cap Rate: 9%
Monthly Positive Cash Flow: $278
Pro Forma Value in 5 yrs: $169,737; 5 yr ROI: 55%
10% under recent sales comps, 17% under tax appraisal
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5644 Brougham WAY, Manor, TX 78653
Neighborhood built in 2006 - 2007 so great opportunity to get new construction in great location near Hwy 130.
School District: Manor ISD
Asking Price: $139,900, 2088 sq ft. 4/3, built in 2007
Lease: $1300/month, Cap Rate: 8%
Monthly Positive Cash Flow: $207
Pro Forma Value in 5 yrs: $186,541; 5 yr ROI: 43%
5% under recent sales comps, 20% under tax appraisal
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*ROI formula:
((Value in 5 yrs+ 5 yr net cash flow) - Purchase Price) / Purchase Price
*Cash flow is assuming 30% monthly expenses |
