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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $130.66
- 2 Days on Market
- MLS # : 8120181
- Updated Date : 01/31/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,722 sqft
- Baths : 2 full
Listing Agent
Austin 360 Realty
Listing Agent's Description
Open floor plan with large living/dining area and kitchen with island and eating area. M-I-L plan: Owner's bedroom suite has large walk in closet, garden tub, separate shower & double vanity. Screened in patio and large cul-de-sac lot with playscape & storage bldg. 2 car garage converted to flex/game room & storage but can easily convert back.
SEE MORE
- 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
Zip Code: 78634
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78634
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$782 |
| Property Tax | -$530 | |
| Property Insurance | -$124 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$82
|
||
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.
$225,000
PROJECTED PRICE
$1,650
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$65,375
LOAN DETAILS
$782
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $56,250 |
| Loan Amount | $168,750 |
5.67
YEARS SAVED
$14,472
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,722
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
106 Wren Cove Hutto, TX 5
- 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 2003
![property image]()
- Rent
- Rent Per SQFT
- $1,650
- $0.96
-
1006 Potter Cv Hutto, TX 1
- 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 2005
![property image]()
LEASED 02/11/20- Rent
- Rent Per SQFT
- $1,495
- $0.98
-
204 Quail Hollow Drive Hutto, TX 2
- 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2005
![property image]()
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,500
- $0.96
-
214 Madison Lane Hutto, TX 3
- 3 beds 3 baths ∙ 1,556 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,556 Sqft ∙ Built 2004
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,595
- $1.03
-
207 Decker Drive Hutto, TX 4
- 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2004
![property image]()
LEASED 01/27/21- Rent
- Rent Per SQFT
- $1,625
- $1.03
PROPERTY LISTING DETAILS
1.512.296.8724
Austin 360 Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 8120181
Last Updated: 01/31/2021
