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1000 Howell Terrace Place Round Rock, TX 78664

3 Beds 2 Baths 1,526 sqft Built 2001

$259,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $169.72
  • 6 Days on Market
  • MLS # : 8504974
  • Updated Date : 11/06/2020 at 21:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,526 sqft
  • Baths : 2 full
Listing Agent

All City Real Estate Ltd. Co

Listing Agent's Description

Beautiful 1 Story home, remolded Kitchen and baths with open floor plan, 3 bedrooms and 2 full baths. Recently painted throughout, wood and tile floors throughout. Kitchen has SS appliances, granite counter tops, tile floors, new cabinet pulls. Fridge conveys. Family room has built in TV wall with dramatic back lighting and connection tube. TV conveys. Security system with garage access panel. Good size trees in front yard, Large fenced back yard with plenty of room for future addition, fabulous pool, outdoor living. Very private back yard. Incredibly convenient location Close to TX45, TX130 and IH35.

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: Bradford Park

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $122k298k

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

Neighborhood: Bradford Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8091828

* 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
Gattis Elementary School Primary Regular 791 55 6
Ridgeview Middle School Middle Regular 1,374 89 9
Cedar Ridge High School High Regular 2,718 178 7

Gattis Elementary School

  • Education Level: Primary
  • # of students: 791
  • # of teachers: 55
6
GreatSchools Rating

Ridgeview Middle School

  • Education Level: Middle
  • # of students: 1,374
  • # of teachers: 89
9
GreatSchools Rating

Cedar Ridge High School

  • Education Level: High
  • # of students: 2,718
  • # of teachers: 178
7
GreatSchools Rating
 

$233,100$284,900$259,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$956
Property Tax -$527
Property Insurance -$113
HOA -$15
Property Management Fees -$131
CASH FLOW
-$101

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.

$259,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 9.3%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,385

INVESTMENT

$74,385

Down Payment
$64,750
Rehab Estimate
$5,750
Closing Costs
$3,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$956

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,750
Loan Amount $194,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$4,839

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,644

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,640
1$1,6402$1,6503$1,6504$1,6955$1,770
$1,770
RENT COMPS ANALYSIS
  • 1000 Howell Terrace Place Round Rock, TX 1
    • 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $1.07
    •  
  • 3302 Winding Way Round Rock, TX 2
    • 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1997
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.13
    •  
  • 2428 Roundabout Lane Round Rock, TX 3
    • 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 1993
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.05
    •  
  • 2605 Andres Way Round Rock, TX 4
    • 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1999
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.09
    •  
  • 2880 Donnelll Drive #2004 Round Rock, TX 5
    • 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 2017
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $1.04
    •  
PROPERTY LISTING DETAILS
Brenda Abboud
1.512.751.8260
All City Real Estate Ltd. Co
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8504974
Last Updated: 11/06/2020
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