Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

107 Paddington Way Hutto, TX 78634

4 Beds 2 Baths 1,533 sqft Built 2007

$228,400

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2007
  • Price/Sqft : $148.99
  • 11 Days on Market
  • MLS # : 1925652
  • Updated Date : 10/24/2020 at 18:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,533 sqft
  • Baths : 2 full
Listing Agent

Miguel Barrutia, Broker

Listing Agent's Description

Contactless Open House 10/24 & 10/25 1-3pm. Charming 4 bed 2 bath single story in a cul-de-sac with 2 car garage. Down the street from the neighborhood park. Fresh paint throughout and make-ready done. Open floor plan, kitchen overlooks spacious family room, breakfast bar, dining-kitchen area. Master bath with separate tub & shower, double vanity. Multiple hall closets for plenty of storage. Large fenced-in yard. Near Hutto Co-Op, Southside BBQ Market, parks, trails, & downtown Hutto!

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

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
Ray Elementary School Primary Regular 770 47 7
Farley Middle School Middle Regular 682 44 6
Hutto High School High Regular 1,666 99 6

Ray Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 47
7
GreatSchools Rating

Farley Middle School

  • Education Level: Middle
  • # of students: 682
  • # of teachers: 44
6
GreatSchools Rating

Hutto High School

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

$205,560$251,240$228,400

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$843
Property Tax -$539
Property Insurance -$113
Property Management Fees -$111
CASH FLOW
-$216

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.

$228,400

PROJECTED PRICE

$1,390

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k

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$66,276

INVESTMENT

$66,276

Down Payment
$57,100
Rehab Estimate
$5,750
Closing Costs
$3,426

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$843

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,100
Loan Amount $171,300
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$209

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,472

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,4753$1,4954$1,545
$1,545
RENT COMPS ANALYSIS
  • 107 Paddington Way Hutto, TX 1
    • 4 beds 2 baths ∙ 1,533 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,533 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.91
    •  
  • 106 Adamae Lane Hutto, TX 2
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2006
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.95
    •  
  • 1006 Potter Cv Hutto, TX 3
    • 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 2005
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.98
    •  
  • 601 Decker Drive Hutto, TX 4
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2006
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.93
    •  
PROPERTY LISTING DETAILS
Miguel Barrutia
1.512.740.2032
Miguel Barrutia, Broker
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1925652
Last Updated: 10/24/2020
BESbswy