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1010 Hondo Lane Hutto, TX 78634

3 Beds 2 Baths 1,831 sqft Built 2011

$270,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $147.46
  • 2 Days on Market
  • MLS # : 5726120
  • Updated Date : 03/13/2021 at 12:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,831 sqft
  • Baths : 2 full
Listing Agent

Jbgoodwin Realtors Wc

Listing Agent's Description

Come see this great family home in the fast growing town of Hutto. Minutes away from Multiple shopping areas, Kalahari Waterpark Resort, Dell Diamond, Typhoon Texas, Stonehill Shopping Center and much more. Great location for the avid sports enthusiast. Close to Round Multipurpose Complex and Old Settlers Park. Easy access to Toll Rd 130, SH79 and FM685. ABIA is just minutes away. Stainless steel appliances, fresh paint, new laminate plank flooring. This great 3 bedroom 2 Bathroom house is perfect for anyone.

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

Zip Code: 78634

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $117k298k

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

Zip Code: 78634

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8471723

* 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
Nadine Johnson Elementary School Primary Regular 687 45 6
Hutto High School High Regular 1,666 99 6

Nadine Johnson Elementary School

  • Education Level: Primary
  • # of students: 687
  • # of teachers: 45
6
GreatSchools Rating

Hutto High School

  • Education Level: High
  • # of students: 1,666
  • # of teachers: 99
6
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$938
Property Tax -$637
Property Insurance -$130
HOA -$10
Property Management Fees -$99
CASH FLOW
-$153

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.

$270,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.4%
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

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,423

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,680

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6603$1,7004$1,7505$1,890
$1,890
RENT COMPS ANALYSIS
  • 1010 Hondo Lane Hutto, TX 2
    • 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.91
    •  
  • 1309 Knippa Cove Hutto, TX 1
    • 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 2004
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
  • 1006 Hondo Lane Hutto, TX 3
    • 4 beds 2 baths ∙ 1,975 Sqft ∙ Built 2011 4 beds 2 baths ∙ 1,975 Sqft ∙ Built 2011
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
  • 1105 Montell Lane Hutto, TX 4
    • 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2013
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 1012 Hondo Lane Hutto, TX 5
    • 4 beds 3 baths ∙ 1,947 Sqft ∙ Built 2010 4 beds 3 baths ∙ 1,947 Sqft ∙ Built 2010
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.97
    •  
PROPERTY LISTING DETAILS
Roger Vallejo
Jbgoodwin Realtors Wc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5726120
Last Updated: 03/13/2021
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