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1028 Berry Bend Path Round Rock, TX 78664

3 Beds 2 Baths 1,417 sqft Built 2006

$240,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $169.37
  • 4 Days on Market
  • MLS # : 3471098
  • Updated Date : 11/27/2020 at 17:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,417 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

*Any offers will be reviewed 5pm Monday, Nov 30.* Well-maintained single story home in great location! Spacious kitchen with center island open to breakfast area & family room. Master bedroom with large walk-in closet, dual vanity, walk in shower and garden tub. Upgraded lighting and ceiling fans in most rooms. Front covered porch & covered back patio with fenced yard. Excellent water softener and filtration system. Growing area near major local employers with easy access to Texas 45, Mopac and I35. Round Rock ISD!

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

Neighborhood: Turtle Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $106k298k

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

Neighborhood: Turtle Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800Rent in $7761828

* 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
Callison Elementary School Primary Regular 862 59 4
C.d. Fulkes Middle School Middle Regular 757 61 4
Cedar Ridge High School High Regular 2,718 178 7

Callison Elementary School

  • Education Level: Primary
  • # of students: 862
  • # of teachers: 59
4
GreatSchools Rating

C.d. Fulkes Middle School

  • Education Level: Middle
  • # of students: 757
  • # of teachers: 61
4
GreatSchools Rating

Cedar Ridge High School

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

$216,000$264,000$240,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$886
Property Tax -$473
Property Insurance -$107
HOA -$50
Property Management Fees -$126
CASH FLOW
-$71

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.

$240,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.13%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$886

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$6,337

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,580

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5503$1,5704$1,6495$1,750
$1,750
RENT COMPS ANALYSIS
  • 1028 Berry Bend Path Round Rock, TX 3
    • 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.11
    •  
  • 2013 Yaupon Trail Round Rock, TX 1
    • 3 beds 2 baths ∙ 1,327 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,327 Sqft ∙ Built 1986
    property image
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.06
    •  
  • 2015 Yaupon Trail Round Rock, TX 2
    • 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1986
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.13
    •  
  • 1733 Thompson Trail Round Rock, TX 4
    • 3 beds 3 baths ∙ 1,470 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,470 Sqft ∙ Built 2006
    property image
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $1.12
    •  
  • 711 Rolling Oak Drive #102 Round Rock, TX 5
    • 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 2015
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.15
    •  
PROPERTY LISTING DETAILS
Lisa Hassel
1.512.680.5490
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3471098
Last Updated: 11/27/2020
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